Updated Apr. 16, 2014 at 12:24 p.m.

Premium Lock IBMers fear more layoffs; Street expects another revenue drop in report today

Published: 2014-04-16 12:07:00
Updated: 2014-04-16 12:24:19

Layoffs Layoffs

IBM is due to report in latest quarterly financials today, and speculation is circulating that Big Blue may announce another work force "rebalancing." In other words, layoffs. Meanwhile, Citigroup has cut IBM shares to "neutral" from "buy," and the Street expects the tech giant to report an eighth straight quarterly decline in revenue....

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The Skinny

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