Report: IBM cutting over 1,000 jobs

29 Feb

IBM, one of the world’s largest companies, is letting go of more than 1,000 employees across North America. Bloomberg says that IBM is letting go of more than 1,000 workers across the United States and Canada on Tuesday

Another report from Information Week, also published on Tuesday, mentions the number of cuts is nearer to 800. However, IBM has forbear  from announcing an official number.

Most of the job cuts are said to have been taken place within the United States — especially the Global Technology Services outsourcing unit — amidst IBM’s reorganization.

On Monday, IBM was said to have cut more than 250 jobs across the U.S. already. IBM spokesman Doug Shelton informed Bloomberg that the layoffs will enable IBM to “remain competitive and relevant in an industry that is constantly changing.”

Computerworld reports that even more layoffs this week remains a possibility.

Captivatingly, the depressing news comes just after a bright note for IBM, which was just hailed by Gartner as the leader in the server market share race as of the end of the fourth quarter of 2011.

Source: zdnet

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