facebook
twitter
rss
account
search
search
 

IBM layoffs to start, report says

By KATE STANTON, UPI.com   |   June 12, 2013 at 6:38 PM   |   Comments

http://cdnph.upi.com/sv/em/i/UPI-2361371076721/2013/1/13710768272126/IBM-layoffs-to-start-report-says.jpg
June 12 (UPI) -- A $1 billion restructuring plan has prompted global computer services company IBM to start cutting employees, a source told Bloomberg on Wednesday.

According to an analyst, the $1 billion cost-cutting measures likely means that 6,000 to 8,000 people in a range of positions around the world will lose their jobs. IBM boasts a global workforce of more than 434,000.

“Change is constant in the technology industry and transformation is an essential feature of our business model,” IBM said in a statement.

“Consequently, some level of workforce remix is a constant requirement for our business. Given the competitive nature of our industry, we do not publicly discuss the details of staffing plans.”

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Conservative darling Ben Carson considering 2016 bid Conservative darling Ben Carson considering 2016 bid
2
Patient admitted to hospital with potential Ebola virus Patient admitted to hospital with potential Ebola virus
3
$900,000 Porsche Spyder catches fire at gas station $900,000 Porsche Spyder catches fire at gas station
4
Hiker trapped by flash flood dies in Zion National Park
5
Playboy Magazine names UPenn top party school for 2014 Playboy Magazine names UPenn top party school for 2014
Trending News
x
Feedback