IBM slashes jobs quietly

By SiliconIndia   |   Thursday, 29 January 2009, 03:40 Hrs   |    3 Comments
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San Francisco: The downturn attack has made IBM resort to the same pink slip saga like many others but without the publicity. The company has slashed thousands of people including positions in sales, software and hardware areas.

The company refused to give exact numbers claiming the job cuts to be a part of their ongoing efforts to check on rising costs and doesn't have to break out its layoffs in regulatory filings unless it suddenly changes course and makes substantially more or fewer job cuts. The IBM employees have reported layoffs in Tucson, Arizona, San Jose, California, Rochester, Minnesota, Research Triangle Park, North Carolina, East Fishkill, New York, Austin, Texas, Burlington and Vermont. It considers its job cuts a regular part of the company's business model, since thousands of jobs are cut every year but are usually added back in other places.

One of IBM's biggest rivals Hewlett-Packard Co is also laying people off. HP is shedding 24,600 jobs, nearly eight percent of its 3,20,000 employee work force, as it digests the acquisition of Electronic Data Systems.

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