Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

herding cats

(20,052 posts)

4. IBM denies plans to cut 26% of workforce

Reply to Arcadiasix (Original post)

Mon Jan 26, 2015, 11:37 PM

Jan 2015

Technology giant says US technology blogger’s claims of 110,000 job cuts are ‘ridiculous’ speculation

<>

“IBM does not comment on rumors, even ridiculous or baseless ones,” the company said. “If anyone had checked information readily available from our public earnings statements, or had simply asked us, they would know that IBM has already announced the company has just taken a $600m charge for workforce rebalancing. This equates to several thousand people, a small fraction of what’s been reported."

<>
http://www.theguardian.com/technology/2015/jan/26/ibm-technology-giant-110000-jobs-cut-claims

Sadly, several thousand are still losing their jobs, but at least not the full 110,000 speculated.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

6 replies

= new reply since forum marked as read

Highlight:

Biggest corporate lay-off in history? IBM could cut 110,000 jobs - including 5,000 here within days [View all] Arcadiasix Jan 2015 OP

Holy #%^* MannyGoldstein Jan 2015 #1

the cuts will pay for tons of minimal wage workers in "other" countries who may replace the laid msongs Jan 2015 #2

440,000 people employed by IBM? Seems too high. n/t JimDandy Jan 2015 #5

And Wall Street Kelvin Mace Jan 2015 #3

IBM denies plans to cut 26% of workforce herding cats Jan 2015 #4

Horrible shenmue Jan 2015 #6