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Tag Archive: EDS

HP Announces Almost 25,000 Job Cuts

HP Announces Almost 25,000 Job Cuts

Although it’s not exactly consumer news, Hewlett-Packard recently completed its acquisition of IT solutions company EDS for almost $14 billion dollars. The acquisition was intended to boost revenue HP receives from services to its large enterprise, organizational, and government customers. The move puts HP solidly into the consulting business (in fact, making it the largest IT solutions provider on the planet), should roughly double the annual revenue HP sees from services, and could enable HP to reach out to small and medium sized business with consulting services.

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