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IBM plans to cut 5,000 jobs in the States |
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Written by Peter Scott
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Thursday, 26 March 2009 00:39 |
4 percent of its US workforce
Reuters is reporting that IBM will slash 5,000 jobs in the US, but there is still no official confirmation of the report.
IBM currently employs 115,000 workers in the US, and the cut would
account for 4 percent of its total workforce. The company employs just
under 400,000 workers worldwide, and has significantly expanded its
workforce in China and India over the past years. Currently two thirds
of IBM's revenue stems from overseas operations.
According to numerous reports, IBM is currently in talks to buy Sun
Microsystems, in a deal that would make it the market leader in server
technologies. However, we are not sure how the sacked workers will react to this costly deal.
More here.
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