facebook
twitter
search
search

IBM layoffs to start, report says

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

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.”

Related UPI Stories
Latest Headlines
Top Stories
Hyon Yong Chol disparaged Kim Jong Un prior to execution, analyst says
Officials debate 'when to suspend' search for missing Florida boys
Jon Stewart, Obama held secret meetings at White House
In Khamenei Tweet, man resembling Obama holds gun to head
Napa Valley fire reignites, hundreds more evacuated