Computer giant Hewlett-Packard (HP) plans to axe 24,600 jobs as part of its integration of Electronic Data Systems (EDS).
Around half of the reductions, which will represent 7.5 per cent of the workforce, will be in the US, the company said.
HP bought computer services firm EDS in August for $13.9 billion in a bid to compete with industry powerhouse IBM.
The restructuring program will take place over three years and will save the company around $1.8 billion annually, HP added.
Mark Hurd, HP chairman and chief executive officer, said: "HP has a strong track record of making acquisitions and integrating them to capture leading market positions. We will deliver on the promise of HP and EDS for our customers and shareholders."
Digg 
Delicious 
Reddit 
StumbleUpon 
Google 
Technorati 
Netvouz