The IBM (IBM) employee union Alliance@IBM is buzzing with rumors the vendor will begin a new round of layoffs today (Feb. 26) that workers fear could hit as many as 15,000 jobs worldwide.
With IBM chief financial officer (CFO) Martin Schroeter on record saying the vendor will spend up to $1 billion on “workforce rebalancing,” in 2014 to occur in Q1, and Bernstein Research analyst Toni Sacconaghi earlier this month issuing a note to investors in which he estimated impending cuts at some 13,000 jobs as reported in Barron’s, combined with reports of 1,200 workers already furloughed in Europe and India—the union’s online forum is white hot with chatter. And, much of it isn’t too flattering to IBM.
Chosen excerpts by Job Market Monitor. Read the whole story at IBM Union Expects Mass Layoff to Hit Workers | Business Technology Solution Sales content from The VAR Guy.
- IBM / to cut 15,000 jobs, starting in India
- IBM / Planning layoffs in March
- IBM / Starts to Cut Jobs Amid Global Reduction
- IBM / More than 1,200 layoffs