Menu
IBM confirms job cuts

IBM confirms job cuts

IBM has cut more than 2,800 jobs, according to a union Web site.

A union that is trying to organize workers at IBM is reporting that the company cut more than 2,800 jobs recently, but an IBM spokesman would only confirm that some layoffs have occurred.

IBM eliminated 1,419 positions in its software group and 1,449 sales and distribution jobs, according to the Alliance at IBM/CWA Local 1701's Web site.

The site has been ablaze for weeks with comments from individuals who say they have been laid off or are concerned about their status.

One anonymous post on Tuesday claimed that 200 research jobs were being eliminated, and a number of others said IBM had begun laying off workers at its Burlington, Vermont, facility.

A union spokesman did not immediately respond to a request for comment.

IBM began notifying affected employees last week, said spokesman Doug Shelton. He declined to provide any information about the number of employees affected, where they were stationed or the business units involved.

Many tech companies are cutting staff amid the world's persistent economic woes, but IBM also trims jobs on a regular basis, referring to the process as "workforce rebalancing."

The company spent US$700 million on such activities during its fiscal 2008, an increase of about $380 million over 2007, chief financial officer Mark Loughridge said during the company's Jan. 21 fourth-quarter earnings call.

Loughridge also indicated that job cuts were imminent. While the company expects its "rebalancing" spending to be in the usual range of $300 million to $400 million this year, the cutting may be skewed toward the first quarter, he said.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags IBMlay offsjob cuts

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments