Services firms streamline now to cash in later
Services firms are trimming jobs, cutting costs, and selling shares to generate capital they can reinvest in new directions.
roundup |
Services firms are trimming jobs, cutting costs, and selling shares to generate capital they can reinvest in new directions. "This will free [us] to make the kind of strategic acquisitions that will enable us to provide our clients a broader range of professional services." - Steven Silber, PricewaterhouseCoopers spokesman |
| PricewaterhouseCoopers cuts 1,000 jobs in e-commerce push The management consulting firm says it will cut 1,000 administrative and internal support jobs as part of its plan to shift its focus to e-commerce consulting.
EDS stock climbs on increased profit, contracts
AppNet to offer 4 million shares |