HP slashing 24,600 jobs
Hewlett-Packard Co. said Monday it plans to slash 24,600 jobs over the next three years, nearly 8 percent of its work force, as it combines operations with Electronic Data Systems Corp., the technology-services company it recently acquired.
Computer giant Hewlett-Packard Co. shocked the industry Tuesday by announcing it will cut 24,600 jobs, or eight per cent of its payroll, as it integrates Electronic Data Systems Corp., including its big Canadian unit EDS Canada.