Computer services company could cut thousands more jobs

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Friday, Sept. 10, 2004 | 9:21 a.m.

DALLAS -- Electronic Data Systems Corp. could cut 15,000 to 20,000 jobs -- up to one-sixth of its work force -- over about two years to help reduce costs by about $3 billion, chief executive Michael H. Jordan said Thursday.

"The next two years, there are going to be a lot of change in EDS," Jordan said at an investor conference in New York. "But that will, as I said, take 20 percent out of our cost structure -- $3 billion out."

EDS runs computer systems for other companies. It has struggled with money-losing contracts, a downturn in corporate technology spending and debt downgrades.