Updated Apr. 19, 2013 at 4:36 p.m.

Premium Lock Layoffs coming? IBM plans $1B in 'workforce rebalancing'

Published: 2013-04-19 15:35:00
Updated: 2013-04-19 16:36:05

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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....

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