Layoffs coming? IBM plans $1B in 'workforce rebalancing'
Research Triangle Park, N.C. — After an earnings report that missed analysts' expectations for the first time since 2005, IBM's CFO says the tech giant anticipates in $1 billion in costs for "workforce rebalancing." Most of that expense will come over the next two months. The cost-cutting could mean big layoffs, but affected workers are likely to get chances to apply for other positions....
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
- 'Humbled' veteran Quintiles exec gears up for new role as Q2 CEO
- Will there be layoffs as well as new jobs as Quintiles' Q2 launches?
- The Startup Factory takes its first step toward going statewide
- State to add 105,000 jobs this year, jobless rate to fall says NCSU economist
- A nearly $2B IPO adds to legacy of Lenovo's founder
- Remembering Triangle's first 'disruptors' from 2007 - and warnings still relevant today
- Is your firm headed into a 'Digital Vortex" or sending competitors into a spiral of destruction?
- Mobile apps showdown: Red Hat-Samsung vs. Apple-IBM
- Exclusive: Google Fiber ready for Triangle competition, top exec says
- Google Fiber is here: Construction begins across Triangle