IBM to cut 13,000 'heads' analyst says; unions expect 15,000
Research Triangle Park, N.C. — Two weeks ago, IBM committed $1 billion to cost-cuts and "rebalancing" of its work force as revenues continue to decline. Then came news of its x86 server unit with some 7,500 workers to Lenovo. But that deal won't close for months - if at all. Now a Wall Street analyst has run the numbers and sees Big Blue cutting 13,000 jobs. A $1 billion plan a year ago cut more than 3,500 jobs in North America alone. Meanwhile, unions seeking to represent IBMers in the U.S. and around the world say they believe IBM will cut 15,000....
WRAL TechWire Publisher and Editor Rick Smith dishes out tidbits from the local technology sector. Read more articles…
Please Log In to add a comment.
Latest for Insiders
- Report shows x86 deal paying big dividends for Lenovo
- Connecticut launches formal investigation of Lenovo adware
- NC biotech startups share global spotlight in Raleigh
- Report: NC biotech sector produces $73B, responsible for 61,000 jobs
- FCC to NC on broadband law: 'That dog won't hunt'
- Lenovo vows 'cyber attack' investigation but won't discuss all damage hackers did
- Lenovo website hacked; group known as Lizard Squad claims responsibility
- IBM makes $1.5B profit on x86 server sale to Lenovo
- Is crowdfunding doomed again at General Assembly?
- IBM's work force drops by 50,000 in 2014 under reboot