Big Blue is reportedly prepping for layoffs. But will IBM cuts hit Research Triangle Park?
Job cuts of between 1,200-1,400 employees are expected over two years in France.
There is no word on whether other areas will be impacted. IBM is thought to employ 10,000 in RTP, but they have not disclosed a local headcount in several years.
The news comes in light of a disappointing earnings report for IBM (NYSE: IBM), Research Triangle Park’s largest employer.
Chosen excerpts by Job Market Monitor