EDS said Thursday (7/31) that shareholders have approved the HP acquisition of the IT services company. Internally, rumors about impending layoffs at EDS are surfacing, but a company spokesman called the rumors “completely factually incorrect.”
According to a statement, 98.8 percent of EDS common stock was voted for the HP deal–that equates to 72.4 percent of the outstanding shares.
While all of this news is good from the corporate perspective, EDS employees have been skittish. Rumors on Wednesday began percolating among EDS technology managers that the company is planning on laying off 20 percent of its workforce across all hubs in the Americas. As noted previously EDS said the rumors are incorrect. On Wednesday, EDS said it would not comment on the rumors, but moved to squash them Thursday.
EDS was once the leader in technology services to credit unions when it acquired CUNADATA in 1981 followed by a series of acquisitions of various credit union processors across the country. EDS left the credit union market several years ago.
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