IBM layoffs begin

IBM layoffs begin

Posted: Updated:

IBM has initiated layoffs that have so far reached more than 1,600, according to employee group Alliance@IBM.

IBM could not immediately be reached for a comment, however dozens of anonymous posts on the site claim layoffs across a wide variety of regions and departments.

The cuts include at least 222 people in marketing for the software business and 165 in semiconductor research and development, as well as more than 100 in each of these: STG Storage Systems Development, GBS AMS IBM Global Account, the Software Group Information Management and the Software group Industry Solutions.

In total, 1,634 cuts have been reported, according to a posting on Alliance@IBM, which is affiliated with the Communications Workers of America union. The group says it will update the list Thursday night.

“I work in STG in 3D Edram Development and was informed of permanent layoff today,” one person wrote on the site Wednesday.

“Atlanta POS Group hit hard. Storage and other groups hit too. Typical package,” another person said.

“I am one of 83 Marketing & Communications employees being permanently laid off today. Separation date is 7/12. I work from home,” another said.

Employees had been waiting for layoffs to begin ever since the Armonk, N.Y.-based computer company said it would increase the pace of job cuts this quarter following a dismal quarterly earnings report in April where sales fell sharply below expectations.

IBM at the time did not say how many people would be let go, but IBM Chief Financial Officer Mark Loughridge said the tech giant expected to report close to $1 billion of accounting charges this year as it axed its workforce, with more reductions aimed at departments outside the U.S.

Alliance’s server was experiencing slowness on Wednesday due to the influx of postings from IBM employees.

Shares of IBM were trading flat on Thursday, and remain up about 4% on the year.

Read more: Fox Business

  • New York State NewsNew York State NewsMore>>

  • Obama in Westchester for Democratic fundraisers

    Obama in Westchester for Democratic fundraisers

    Friday, August 29 2014 7:28 AM EDT2014-08-29 11:28:47 GMT
    President Barack Obama is going on a fundraising sweep through New York and Rhode Island as he continues to help Democrats raise money for November's elections. Obama headlines three events on Friday. Two in Westchester County, and the third is in Newport, Rhode Island. The New York fundraisers will benefit the Democratic National Committee, which is still paying off debt from the 2012 campaign season.
    President Barack Obama is going on a fundraising sweep through New York and Rhode Island as he continues to help Democrats raise money for November's elections. Obama headlines three events on Friday. Two in Westchester County, and the third is in Newport, Rhode Island. The New York fundraisers will benefit the Democratic National Committee, which is still paying off debt from the 2012 campaign season.

  • RV offers legal help outside NY, NJ family courts

    RV offers legal help outside NY, NJ family courts

    Thursday, August 28 2014 11:09 AM EDT2014-08-28 15:09:22 GMT
    A new assistance program in New York and New Jersey seeks to help parents settle child support battles.
    A new assistance program in New York and New Jersey seeks to help parents settle child support battles.
  • Hurricane Cristobal to move toward north Atlantic

    Hurricane Cristobal to move toward north Atlantic

    Thursday, August 28 2014 7:11 AM EDT2014-08-28 11:11:47 GMT
    Hurricane Cristobal is expected to move rapidly toward the north Atlantic, staying away from Bermuda and passing south of Nova Scotia. The hurricane's maximum sustained winds early Thursday are near 75 mph (120 kph) with no significant change in strength forecast over the next two days. The U.S. National Hurricane Center says Cristobal is centered about 285 miles (460 kilometers) northwest of Bermuda and is moving northeast near 29 mph (46 kph).
    Hurricane Cristobal is expected to move rapidly toward the north Atlantic, staying away from Bermuda and passing south of Nova Scotia. The hurricane's maximum sustained winds early Thursday are near 75 mph (120 kph) with no significant change in strength forecast over the next two days. The U.S. National Hurricane Center says Cristobal is centered about 285 miles (460 kilometers) northwest of Bermuda and is moving northeast near 29 mph (46 kph).
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices