HP laying off 24,600
In May HP acquired Electronic Data Systems (EDS) and as a result the company says that it will be laying off 24,600 people over a three year period, or roughly 7.5% of the combined HP and EDS workforce.
It’s not clear whether the bulk of the layoffs will come from the HP or EDS side. Regardless, HP chief Mark Hurd says that “having the most efficient cost structure is directly related to your ability to scale and grow.”
By “scale and grow” I guess means scale and down and grow smaller.