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Information Technology News CSC to layoff 5000 staff and sell out!
Information Technology News CSC to layoff 5000 staff and sell out! | CSC to layoff 5000 staff and sell out! |
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| by Stan Beer | |
| Wednesday, 05 April 2006 | |
  
Companies such as HP and Lockheed Martin have been touted as possible buyers, but analysts such as Ovum believe that CSC, with 80,000 staff worldwide, is just too big to be absorbed by another services player. However, Ovum believes that CSC would be an attractive proposition to private equity firms because its low debt and high cash generating capability. The sale announcement was accompanied by stated plans to restructure the company over the next two years, involving layoffs of 5000 staff. |
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