TECHNOLOGY & TELECOMMUNICATIONS
From Times Staff and Wire Reports
Unisys to Cut 4,000 Jobs Worldwide: The Blue Bell, Pa.-based company, accelerating its transformation from a computer maker to an information services provider, will also take a one-time pretax charge of $175 million to $225 million for the fourth quarter to cover severance and other layoff-related expenses. The lost jobs are all in Unisys Corp.’s hardware business, which used to be its main business but whose profit margins have shriveled in recent years, forcing the company and other equipment suppliers to turn to the rapidly growing and more lucrative consultation and services business. Unisys said its performance has been disappointing as sales of traditional hardware and its maintenance business have slowed.
