Hewlett-Packard Co is conducting a strategic review of the information technology and business process outsourcing assets that came with its 2008 acquisition of EDS, a senior executive said. Sources told Reuters last month that HP was considering selling or shutting parts of its outsourcing business to focus on the higher-margin areas of its technology services [...]
Archive for the ‘HP’ Category
18 Aug
HP (Hewlett-Packard) planning to shut parts of outsourcing business.
Hewlett-Packard Co (HP) is considering selling or shutting parts of its outsourcing business to focus on the higher-margin areas of its technology services offering, people familiar with the matter said. A year after buying Electronic Data Systems for $13 billion, HP executives are discussing the possibility of divesting parts of the outsourcing operations, especially in [...]
12 Aug
HP owned MphasiS buys IT services unit of AIG.
HP owned MphasiS Ltd (owned by EDS earlier) said on Wednesday it had reached an agreement to acquire the India-based IT services and solutions arm of American International Group Inc. Financial details of the deal were not disclosed. AIG Systems Solutions Private Ltd, which provides IT services to AIG companies worldwide, has more than [...]
11 Aug
EDS employees are getting raw deals from HP (Hewlett-Packard). After one time Salary cut in April for EDS employees, flat 30% pay cut for most of the EDS employees.
Another shock for EDS employees from their new owner HP. Earlier in April, California-based HP instituted a one-month, 10 per cent pay cut for EDS employees in the US and Puerto Rico with salaries in excess of $40,000. During this time, the company had then told the employees that no permanent salary cuts are being [...]
21 May
HP (Hewlett-Packard) announced 6400 layoffs.
US computer giant Hewlett-Packard reported a 17-per cent fall in quarterly net profit and said it plans to cut two per cent of its workforce, or nearly 6,400 workers, over the next year. HP said net profit fell to $1.7 billion, or 86 cents per share, in the second quarter of its fiscal year from [...]
22 Feb
After heavy layoffs announced already, HP India cuts pay across the board.
Offices of Hewlett Packard, the world’s largest technology company, were abuzz with activity on Thursday. Tens of hundreds of employees logged in to work to find an email which has taken a good bite into their paycheques, added to their anxiety about job losses and painted a grim economic picture. In the email, CEO Mark [...]
6 Jan
Tech Mahindra interested in Satyam. Deal may create third largest Indian IT Service company.
Tech Mahindra, a Mahindra & Mahindra group company, is understood to have approached Satyam Computer Services, India’s fourth-largest IT services company, for a cashless merger, according to a person close to the development.If the transaction goes through, it will involve Tech Mahindra merging into Satyam, creating the third-largest IT company in the country. The management [...]
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