Unisys Lower on Restructuring, Outlook - TheStreet

Unisys Lower on Restructuring, Outlook

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Computer-services provider

Unisys

(UIS) - Get Report

was down 1.3% in late afternoon after saying it would cut 5% of its workers, or 2,000 jobs, and explore alternatives for its

Federal Systems

unit, including a possible sale. Unisys also said it expects fourth-quarter earnings to meet the Street's expectations but revenues would slip.