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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBiggest corporate lay-off in history? IBM could cut 110,000 jobs - including 5,000 here within days
Thousands of British jobs are at risk as technology giant IBM is reported to be preparing to cut a quarter of its workforce in the biggest corporate staff cull in history.
More than 110,000 jobs could disappear worldwide in a major restructuring at the once-dominant computing goliath nicknamed Big Blue.
Some 20,000 are employed by the company in the UK across 24 offices, including sites in Portsmouth, London, Manchester and Edinburgh.
Read more: http://www.dailymail.co.uk/news/article-2927172/Biggest-corporate-lay-history-expected-days-IBM-believed-scrapping-110-000-430-000-workforce-world.html#ixzz3PzKM1d7R
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http://www.dailymail.co.uk/news/article-2927172/Biggest-corporate-lay-history-expected-days-IBM-believed-scrapping-110-000-430-000-workforce-world.html#ixzz3PzCqey4Z
MannyGoldstein
(34,589 posts)That's a lot of jobs
msongs
(67,441 posts)off workers.
JimDandy
(7,318 posts)Kelvin Mace
(17,469 posts)is wetting its pants in glee.
herding cats
(19,567 posts)<>
IBM does not comment on rumors, even ridiculous or baseless ones, the company said. If anyone had checked information readily available from our public earnings statements, or had simply asked us, they would know that IBM has already announced the company has just taken a $600m charge for workforce rebalancing. This equates to several thousand people, a small fraction of whats been reported."
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http://www.theguardian.com/technology/2015/jan/26/ibm-technology-giant-110000-jobs-cut-claims
Sadly, several thousand are still losing their jobs, but at least not the full 110,000 speculated.
shenmue
(38,506 posts)I know what it's like to lose your job.