H-P cuts 25,000 jobs

Hewlett-Packard has announced plans to cut nearly 25,000 jobs as part of a move to make almost $2bn (£1bn) in cost savings over the next three years. It comes as the company attempts to integrate IT giant Electronic Data Systems, which it acquired earlier this year.

It is understood that almost half the jobs losses will be in the US, with most the cuts coming from EDS’s legal, IT support and human resources teams.

HP says it plans to “replace roughly half of these positions over the next three years to create a global workforce that has the right blend of services delivery capabilities to address the diversity of its markets and customers worldwide”.

The company announced plans to acquired IT outsourcer EDS for $14bn (£7bn) in May this year. The deal was completed in late August.

HP also announced today that BT has signed a $660m (£330m) contract amendment with HP to extend the transformation of its technology environment

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