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Nothing to do with WorldCom...
By Aled Herbert
Published: 3 July 2002 09:00 GMT
EDS is cutting 2,000 jobs, around 1.4 per cent of its global workforce.
The outsourcing giant insisted the redundancies are not a result of the precarious financial situation of WorldCom, which owes EDS payments as part of its $6.4bn, 11-year contract.
EDS is also facing scrutiny for its accounting practices.
The company's share price fell to its lowest level for eight and a half years following the announcement.
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Agenda Setters 2008
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
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