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Slimming EDS Draws Mixed Reviews
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Electronic Data Systems (EDS Quote) continues to dismantle itself.
The company now plans to take apart its workforce -- slashing up to 20,000 more jobs -- and then put itself back together as a more efficient operation. CEO Michael Jordan announced the future cuts during a presentation to investors in New York on Thursday. EDS spokesman Kevin Lightfoot told TheStreet.com on Friday that the layoffs are simply part of the company's established plan to shave its cost structure by 20%, or $3 billion, over the next several years.
Currently, EDS employs 122,000 people around the world. But some 5,000 EDS workers have already lost their jobs during Jordan's attempt to rebuild the company. ...
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