IBM laid off over 1000 workers today according to Alliance@IBM.
The people were primarily in the GTS Delivery Application Hosting and AMS Commercial Delivery, according to the source. The same organization claims the IBM cut 98,000 US workers in 2011, 101,000 in 2010, and 105,000 in 2009.
Some analysts believe that the US layoffs are part of a effort by IBM to move jobs into markets like India in which the firm can get skills comparable to those of its American workers
IBM said it is “constantly rebalancing its workforce”, whatever that may mean
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
