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Thursday, 13 June 2013

IBM reportedly cuts over 1,600 US jobs as part of billion-dollar restructuring

IBM reportedly cuts over 1,600 US jobs as part of billion-dollar restructuring:

'via Blog this'


IBM reportedly cuts over 1,600 US jobs as part of billion-dollar restructuring




IBM reportedly axing around 1,600 US jobs as part of billiondollar restructuring
Missing your earnings target by five cents a share wouldn't trouble most companies -- but IBM isn't like most companies. That's why it's reportedly implementing a billion-dollar restructuring program that'll see up to 8,000 jobs being lost from the firm. The Alliance@IBM union is reporting that over 1,600 jobs in the US have already been cut, including 165 from chip research and 121 from storage development. Given that the company is also working out ways of making supercomputer Watson pay its own way, it seems that no-one's immune to a spot of belt-tightening.

2 comments :

  1. I think you'll find the number of IBM employees will remain pretty flat. They'll employ the positions they lay off in cheaper countries.

    ReplyDelete
  2. Hi Carl, it is not how many employees are cut but where they are making the cuts. I agree with your comments about replacing the old expert guard with new grad finance staff in the outer regions to help chase numbers though. If that is what was implied.

    ReplyDelete

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