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EDS Could Cut More Jobs Than Expected

PLANO, Texas - EDS, which has pulled out of the credit union industry by selling off its Credit Union Industry Group to Fiserv, may lay off more than the 2,700 jobs it previously announced, according to a regulatory filing. The 2,700 planned job cuts was equal to about 2% of...

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PLANO, Texas – EDS, which has pulled out of the credit union industry by selling off its Credit Union Industry Group to Fiserv, may lay off more than the 2,700 jobs it previously announced, according to a regulatory filing. The 2,700 planned job cuts was equal to about 2% of its worldwide workforce. In its filing it said it may cut more than 2% “in connection with our ongoing transformation efforts or otherwise.” With the addition of CUIG, Fiserv now has seven credit union data processing subsidiaries. A new name for CUIG will likely be announced at its Visions conference this month.

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