HP (HPQ) plans to cut 24,600 jobs and take a $1.7B charge

September 15, 2008 4:36 PM EDT

HP (NYSE: HPQ) to begin its restricting plan tied to the EDS (NYSE: EDS) merger. HP plans to cut 24,600 jobs and take a $1.7B charge.

HP sees annual cost savings of about $1.8 billion once the program is completed.


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