OK, in all this mess nothing changes HP wants to eliminate 25,000 American jobs where they:

[EV_Ares]

"They're basically replacing more expensive U.S. employees with overseas employees" who will work for less" In other words, business as usual. Isn't this McCains campaign spokeswoman, Carly Fiornia's former company.

Hewlett-Packard Co. said it will cut 24,600 jobs as part of its plan to integrate tech-services giant Electronic Data Systems Corp., providing the first details of how extensive its restructuring of the combined company will be.

The cuts are intended to "streamline the combined company's services" businesses, H-P said in a statement, and they amount to about 7.5% of the total combined work force. Before the $13.25 billion acquisition of EDS, which was finalized last month, H-P had 178,000 employees and EDS had 142,000.

The staff cuts will be spread across both companies, H-P said, with nearly half coming in the U.S. The company added that it "expects to replace roughly half of these positions over the next three years to create a global work force."

With the EDS acquisition, H-P, the world's second largest tech-services provider, has taken aim at International Business Machines Corp., which is No. 1. But Wall Street analysts have expressed concern that too many EDS employees are based in the U.S. at a time when competitors are cutting costs by sending jobs offshore.

H-P's layoff announcement shows the company is addressing those concerns, said Shebly Seyrafi, an analyst at Calyon Securities. "They're basically replacing more expensive U.S. employees with overseas employees" who will work for less, he said.

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