EDS cutting 4,600 jobs through early retirement, taking US$150M charge in

[UpInArms]

EDS cutting 4,600 jobs through early retirement, taking US$150M charge in Q4

http://www.canada.com/maritimes/news/story.html?id=f6718fe0-1d21-4aa4-9ccb-f5fe91d4c9ea

PLANO, Tex. (CP) - Electronic Data Systems is cutting 4,600 jobs through early retirement and taking a $150 million US charge in the fourth quarter, the information technology company said Tuesday.

EDS, headquartered in this community north of Dallas, will offer early retirement to 9,200 employees who are at least 50 years old and fully vested in the company's retirement plan. Half the employees are expected to accept the offer.

...more...

[Cambist]

1. I work for EDS

I've been with EDS for 15 years. Things are really getting scary around here. Please, oh please, can we get John in the White House before this talking monkey destroys the entire middle class?

[bahrbearian]

3. I contracted to EDS to site survey the Navy-Marine Internet

program at Whidbey Island NAS.. Now that was a Pork Barrel project. Everyone was in on it GE, Westinghouse, Cisco.

[sweetheart]

2. EDS is more proof that bigger is more incompetent.

not better. EDS, Accenture, PWC and the other "consultants" who've
formed mega mega corporations that drive away individualist talent
for the institutional robot culture... are proving to be failures.

No suprises there, no. On behalf of all the smaller companies
screwed by these big mega-asshole corps, i've no sympathy for EDS
whatsoever. All this proves is that the wall street formula of
overreaching has reached its apogee, and that somebody wanting
decent technology is better off dealing with a smaller organization
that is not a dictatorship.

EDS has fucked the IT profession along with microsoft and others that
attack independents, and then collapse in to incompetence for being
a failed institution. For all the times i've faced EDS as a bid
competitor, touting its superior bullshit, i'm laughing now. Stupid
big morons.