Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Technology News

 

IBM layoffs spark fear among employees

IBM is reportedly laying off thousands of employees.

1 Updates
IBM layoffs spark fear among employees
Getty Images
 
 

YouTube Videos Comments

Full Story

IBM layoffs spark fear among employees

Amidst rumors of another massive round of layoffs, giant technology company IBM promised to keep at least 3,100 employees in New York up until 2016. IBM also told New York governor Andrew Cuomo that it would employ 500 more people in Buffalo.

But that wasn't enough to pacify panicking employees.

Earlier this week, a union representing employees at IBM said that the company is expected to launch another round of layoffs on Wednesday, February 26th, and with an  official announcement to be released on Thursday this week.

Alliance@IBM, a union that was not officially recognized by IBM, said that the code name for the round of cuts is "Project Apollo." The said cuts are a part of IBM's workforce rebalancing this year.

Although the exact number of layoffs isn't known, Bernstein Research analyst Toni Sacconaghi believes that IBM will layoff at least 13,000 heads worldwide. Alliance@IBM also said that IBM slashed over 2,800 employees in 2013.

"Reports from IBM employees are that management meetings with employees will be held tomorrow,” said Lee Conrad of the national alliance’s office. “Ideally it is IBM that should be giving IBM workers up-to-date information and not leaving it to the rumor mill, but it appears IBM is shirking that responsibility.”

IBM declined to comment on the report.

The company has been tight-lipped about specific employment counts. The last known number of IBM employees was 434,246. The headcount dates back to 2012.

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/21" rel="author">Gene Ryan Briones</a>
Gene Ryan Briones (Google+) is a technology journalist with a wide experience in writing about the latest trends in the technology industry, ranging from mobile technology, gadgets and robots, as well as computer hardware and software.

 

 

Comments

blog comments powered by Disqus

Latest stories

Benedict Cumberbatch Takes &quot;Ice Bucket Challenge&quot; To New Level
Benedict Cumberbatch Takes "Ice Bucket Challenge" To New Level
The Brit Star is nominated five times for the challenge.
 
 
Kari Byron, Tory Belleci and Grant Imahara Exit MythBusters
 
 
Microsoft set to unveil Windows 9 on September 30th
Microsoft set to unveil Windows 9 on September 30th
While Threshold is likely to be named Windows 9, it’s unlikely that Microsoft will name its upcoming Windows release at its press event.
 
 
Tara Reid Wears Revealing Dress at Sharknado 2 Screening
Tara Reid Wears Revealing Dress at Sharknado 2 Screening
Sharknado 2 hit the big screen yesterday in LA. Tara Reid used the occasion for a dramatic red carpet appearance. How does this dress stay on her boobs?
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.