IBM to cut 10,000 to 13,000 jobs, mostly overseas
Michelle Kessler writes in USA Today that:
IBM said on Wednesday that it plans to cut from 10,000 to 13,000 jobs, mostly in Europe, reducing its workforce by about 4%.
The cuts weren't a total surprise. IBM has been hinting at layoffs since April 14, when it reported disappointing quarterly earnings. CEO Sam Palmisano had blamed the shortfall in part on slow sales in France, Germany and Italy. IBM has about 100,000 workers in Europe and 319,000 worldwide.
posted by Fergie @ 5/05/2005 06:05:00 AM
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