Rumors in the market are already talking about Microsoft and Lenovo cutting jobs this month. The latest report in the market is that IBM too is going to announce a significant job cut in their operations.
Sources say that the US based tech giant will announce 16,000 layoffs on Jan. 23. These job cuts are likely to affect IBM employees around the world. IBM currently has more than 386,000 employees worldwide. If the reports are true, IBM would be getting rid of around 4% of their global workforce.
IBM has declined to comment on these reports in the media. Alliance@IBM had this to say: “We do not have anything substantial yet. But when we start getting a lot of these kinds of rumors from specific sources, generally they come through. We’re real concerned about that and the possibility it could be true.”
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