Comments on: HP to slash 24,600 jobs following EDS buy

The job cuts, which amount to 7.5 percent of the company's workforce, will come over the next three years. The restructuring program is expected to save it $1.8 billion annually.

[Laserdisc]

Well I wish them good luck with EDS. I've had numerous dealings with EDS over the years at various corporations and it was never good.

[gggg sssss]

but they ARE good at cat herding (Hurding???)

[Vegaman_Dan]

HP is very good at outsourcing. They use multiple companies in India for their call center services.<p>
Now those companies it hires in India do have some issues, but that's another story.

[Freedom_Hound]

I am an EDS employee. I was just told today that starting Jan 1, EDS an HP Company will no longer fund the EDS pension. But the superior 401k match of HP would make up for it. After crunching the numbers of my "total compensation" this represents a 2.5% reduction in compensation. I wondered why, and then I found this:

"Ronald A. Rittenmeyer, the new CEO of Electronic Data Systems Corp., received compensation of nearly $14 million for 2007, a 10-percent increase reflecting his promotion and the company's increased profit even as its stock price dropped, reports the Associated Press."

and this:

HP Key Executives
Mr. Mark Hurd , 51
Exec. Chairman, Chief Exec. Officer and Pres $ 14.77M
Ms. Catherine A. Lesjak , 49
Chief Financial Officer and Exec. VP $ 2.24M
Ms. Ann M. Livermore , 49
Exec. VP of Technology Solutions Group $ 10.45M
Mr. Vyomesh Joshi , 54
Exec. VP of Imaging & Printing Group $ 6.75M
Mr. Shane V. Robison , 53
Chief Strategy and Technology Officer and Exec. VP $ 7.31M

Now I understand. They needed my paltry allowance for their lifestyles!!!