A Year Later, H.P.’s Bet on E.D.S. Looks Like a Winner

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Published in The New York Times September 23, 2009 by Ashlee Vance

By many measures, it has been a tough year for employees of Electronic Data Systems.

After Hewlett-Packard bought the computer services company last August for $13.9 billion, it immediately began hacking the work force. Led by a master cost-cutter, Mark V. Hurd, H.P. laid off 25,000 E.D.S. workers, and cut the salaries of some by more than 20 percent. Mr. Hurd even stripped the E.D.S. brass of their plush offices and corralled them into 6-by-6-foot cubicles.

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