IBM has laid off an undisclosed number of workers this week as the company intensifies its focus on some of some of the technology industry's hottest markets.
The cutbacks are part of a reorganization that IBM Corp. executives disclosed in April during a conference call discussing the Armonk, New York, company's first-quarter earnings. IBM said it would spend $1 billion reshuffling the types of jobs it needs in its workforce this year, with most of the changes coming before the end of June. The company indicated most of the layoffs would occur outside the US. Read More at Huff post.
Monday, June 17, 2013
Filled Under: Cost cutting, IBM, Layoffs in India, Layoffs in USA
IBM lays off undisclosed number of workers
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Do u know how many ppl got laid off?
ReplyDeleteAnyway IBM will not have to layoff after March 2014 when many employees themselves will actually leave the organization because of the such a good employee friendly compensation plan to be introduced from 2014 onwards. Only top performers to get hike & we all know who is the performance rating decided in IBM.
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