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
- Exclusive: Development execs explain how Raleigh won Silicon Valley firm's expansion, jobs
- New digital news competitor for RTP: Crain's
- Closing books on 2015: $1.25B in NC capital + A tip of the cap to CED
- Report: Startup capital funding off to slower start in '16
- 'Wow:' Quintiles takes vivid VR plunge to improve digital health
- Cisco tells NC employees: 'Extremely disappointed' in HB2
- Layoffs hit IBM in Triangle; Big Blue confirms cuts but says it has 25k open jobs
- Triangle plans for growth despite a big elephant (HB2) in the room
- Joe DeSimone's thrilling day: 'Wow. Humbling'
- As crowdfunding kicks in, 'proceed with caution,' attorney says