Now, let's see what happens and how many people will be laid off...
-
CSC and the Enterprise Services segment of Hewlett Packard Enterprise (HPE) to create leading pure-play global IT services company, uniquely positioned to lead clients on their digital transformations;
-
New company expected to have annual revenues of $26 billion and more than 5,000 clients in 70 countries, covering every major global region;
-
Combined company expected to produce first-year synergies of approximately $1 billion post-close, with a run rate of $1.5 billion by the end of year one;
-
CSC and HPE shareholders each will own approximately 50 percent of shares in the new company;
Agreements between HPE and the new company to ensure ongoing beneficial relationship; and
- Mike Lawrie to become chairman, president and CEO of combined company; Meg Whitman to join the new company’s board; board appointments will be split equally between nominees of HPE and CSC.