Search
 

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...

By Staff Writer | Updated on September 09, 2003

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.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.