Thread regarding CSC layoffs

HPE Acquiring CSC..

BRUSSELS, Nov 18 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process:

APPROVALS AND WITHDRAWALS

-- Canada Pension Plan Investment Board and real estate developer Hammerson to acquire joint control of UK shopping centre Grand Central, which is now solely owned by Hammerson (approved Nov. 18)

-- Abu Dhabi company International Petroleum Investment Company P.J.S.C. (IPIC) and Mubadala Development Co P.J.S.C. to merge (approved Nov. 17)

NEW LISTINGS

-- Hewlett Packard Enterprise Services (HPES), IT services business of Hewlett Packard Enterprises, to acquire U.S. IT services group Computer Sciences Corp. Deal previously approved as CSC buying Hew Packard Enterprise Services on Sept. 19 (notified Nov. 17/deadline Dec. 22/simplified)

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Post ID: @OP+Kqn6Qrl

5 replies (most recent on top)

HPE has been staging contractors on those government contracts... obviously, NewCorp wasn't going to be allowed to keep those contracts under CSC ownership. With the change, it means a bloodbath on both sides, as HPE sheds all those "expensive" employees on government contracts in favor of those temps who presumably have been busy transferring knowledge over the last two or three months. Manager turnover has been high in those groups too... indicating some troubling policies being sent down from the board. I doubt CSC employees will fill any roles on those particular contracts; as for the rest, it will be a race to offshore as much of the non-government stuff as possible.

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Post ID: @2xhw+Kqn6Qrl

Csc has until Dec. 31st to offload as many people as possible and avoid 401k match....could be an interesting 6 weeks coming......

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Post ID: @wfn+Kqn6Qrl

It's not HPE that is getting 50.1% of the New Company stock but the sharelholders of HPE.

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Post ID: @tjf+Kqn6Qrl

Well HPE is getting 50.1 % of the New Company stock and CSC is 49.9 % so technically HPE is the major steak holder.

Either way the employee's of both are screwed , except for the VERY high level management

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Post ID: @wuo+Kqn6Qrl

Well that's quite different wording.

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Post ID: @qtm+Kqn6Qrl

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