On the same day the stock market nose-dived, a major investment bank failed and the financial services industry appeared set to shed jobs by the tens of thousands, Hewlett-Packard Co. contributed to the gloom, saying it would add 24,600 people to the unemployment lines as part of a restructuring in the wake of its acquisition of EDS.
HP Announces 24,600 Layoffs in Wake of EDS Acquisition
September 16, 2008