Submission + - HP to Lay Off 24,600 In Wake of EDS Acquisition (infoworld.com)
snydeq writes: "Hewlett-Packard will lay off about 24,600 employees over the next three years in an effort to streamline the company following its $13.9 billion acquisition of Electronic Data Systems last month. The layoffs, which represent 7.5 percent of its workforce, will be part of a three-year restructuring program. Nearly half of the reductions will come in the U.S. The acquisition vaults HP to No. 2 behind IBM in the services market, leaving customers to wonder whether the combined entity will be worth its new services billing."