Computer Sciences Corp. Cutting 5,000 Jobs
An AP newswire article, via The Washington Post, reports that:
Computer Sciences Corp. on Tuesday said it plans to cut about 5,000 jobs, or about 6 percent of its work force, over two years and is considering selling the company, a provider of information technology services.More here.
Computer Sciences said its board has decided to explore the company's options for improving shareholder value, in response to recent expressions of interest, and has hired investment bank Goldman Sachs & Co. as its adviser.
The announcement came after The Wall Street Journal, citing unnamed people familiar with the matter, reported in its Tuesday edition that Computer Sciences is in talks that could lead to a potential sale of the company for $10.6 billion or more.
posted by Fergie @ 4/04/2006 06:30:00 AM
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