Big Blue cuts its numbers

It seems that in these lean times for both manufacturers and the tech industry in general, even the biggest are not immune...

IBM plans to cut more than 15,600 jobs in its computer-services and microelectronics businesses, according to a regulatory filing made public on Tuesday.

The job cuts were confirmed when IBM reported its second-quarter earnings, however the precise number of cuts and details were not disclosed at the time. IBM disclosed the figures in its quarterly filing with the Securities and Exchange Commission.

IBM, based in Armonk, N.Y., said it will cut 14,213 jobs, mostly in its services business, which had about 150,000 employees as of the end of last year. IBM overall had about 320,000 employees at the end of 2001. Another 1,400 cuts will come from its microelectronics unit, IBM said.

News source: Reuters UK

View: IBM Plans to Cut More Than 15,600 Jobs

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