China / IBM to cut at least 500 job

International Business Machines Corp, the US technology giant, is cutting jobs in China after a disappointing decline in earnings.

The world’s biggest computer service provider said in an e-mailed reply to China Daily on Wednesday, from its China office, that “change is constant” in the technology industry and that “transformation is an essential feature of our business model”.

It added: “Consequently, some level of workforce remix is a constant requirement for our business.”

Although the company avoided giving any actual numbers of potential losses, a report on local Chinese news site tech.qq.com suggested the New York-based multinational is expected to axe at least 500 staff on the Chinese mainland.

Chosen excerpts by Job Market Monitor

via IBM to make Chinese job cuts – Xinhua | English.news.cn.