HP to cut nearly 25,000 jobs by 2011

Computer maker Hewlett-Packard said it will lay off 24,600 employees, or 7.5% of its workforce, over the next three years in a plan to integrate tech outsourcer Electronic Data Systems, which HP bought late last month. HP said the workforce reduction will result in annual cost savings of about $1.8 billion. Of the nearly 25,000 layoffs, HP said a

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