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EDS steps up cost-cutting measures

EDS reports earnings that marginally exceed analyst expectations as it offers early retirement to some workers and says that it will lay off others.

 

  roundup 

EDS reports earnings that marginally exceed analyst expectations as it offers early retirement to some workers and says that it will lay off others.

"The company is focused on costs, and this is a labor based business."

- Gregory Gieber, Brown Brothers Harriman analyst

 


EDS earnings signal recovery
EDS reports positive second-quarter earnings, signaling a quicker road to recovery as the services giant continues to benefit from its restructuring plans.

EDS sees more job cuts, offers early-out plan
In a steady effort to cut costs, services giant EDS announces an early retirement plan to its employees and also says it plans to further reduce its workforce.

EDS squeezes past Wall Street expectations
The world's No. 2 computer services company posts second quarter earnings that came in just ahead of expectations, following news it would offer early retirement to some 8,000 employees.

previous coverage
Is Dick Brown EDS's answer?
Financial analysts give the EDS's new leader fairly high marks for taking tough steps to put EDS back on a leadership track, including cutting 5,200 jobs from a 120,000 worldwide workforce.