HP announces 24,600 layoffs in wake of EDS acquisition 20473
On the same day the stock market nose-dived, a major investment bank failed and the financial services industry appeared set to shed jobs by the tens of thousands, Hewlett-Packard Co. contributed to the gloom, saying it would add 24,600 people to the unemployment lines as part of a restructuring in the wake of its acquisition of EDS.
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