IBM cutting 1,315 jobs in the United States
Job Cuts, Market Rumors May 2nd, 2007
IBM cutting 1,315 jobs in the United States
US based tech giant IBM is rumored to be cutting around 1,315 services-related jobs in the United States. This was stated by Alliance at IBM, a union group affiliated with the Communications Workers of America.
The note on their website stated that the company’s job cut would affect employees in a variety of areas including computer server systems operations, technology integration and management and financial services.
IBM’s latest annual report stated that they had 355,766 employees worldwide at the end of last year. The company is expanding their operations in their other markets including India.
IBM spokesman John Bukovinsky could not confirm this news but admitted that this is expected considering the company had stated after its latest earnings report on April 17 that it planned to cut costs in the United States.
Chief Financial Officer Mark Loughridge had said in a statement at that time: “We’re putting in place a series of actions to address our U.S. cost base, including a basic focus on resource and cost management disciplines and rebalancing of resources as we execute our global resource strategy.”
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