Saturday, March 28, 2009

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Now IBM axing jobs in Canada

IBM Canada, which has 19,600 employees on its rolls, announced Thursday that it is axing a number of jobs to contain costs.

The US software giant, which is reportedly in the process of laying off 5,000 staff in America and transferring a lot of them to India, said the Canadian cuts will affect the staff from customer care positions to executives.

Without specifying how many jobs will be cut, an IBM Canada spokesman told the Canadian Press that "there is no specific area being targeted and no specific region - it is across the country.''

He added, "From our perspective this is just the way we manage resources depending on the needs of clients and how that changes.''

With 400,000 employees worldwide, IBM is cutting costs by shifting many jobs to low-cost India and other countries to maintain profits.

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