Updated Jun. 13, 2013 at 11:01 a.m.

Premium Lock Analyst speculates IBM is cutting up to 8,000 jobs; cuts are global

Published: 2013-06-13 06:10:00
Updated: 2013-06-13 11:01:06

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Will layoffs in tech industry spawn another FC? Will layoffs in tech industry spawn another FC?

Confirmed layoffs number more than 1,600 so far, based on IBM documents. The company is probably cutting 6,000 to 8,000 jobs globally, based on the $1 billion cost figure, says Laurence Balter, an analyst at Oracle Investment Research. IBM employs more than 434,000 people worldwide....

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