IBM Reportedly Firing More Than 1,600 US Employees As Part Of Its Billion-Dollar Restructuring

Posted on Jun 14 2013 - 1:43am by Karan Chopra

IBM

IBM is in the process of firing it’s at least 1,600 US-based employees as part of its billion-dollar restructuring, reports Bloomberg – via Alliance@IBM. The firing of employees includes at least 222 marketing people for the software business and 165 from the semiconductor research and development department, as per Lee Conrad, Alliance@IBM coordinator.

The move company says is as part of its global restructuring plan which IBM announced back in April after announcing its poor first-quarter results. The publication citing a person familiar with the effort says that the cut includes a range of seniority, from executives to range-and-file workers. The restructuring will cost the computer-service provider $1 billion worldwide, include severance expenses.

Photo Credit: Patrick H~ via photopin cc

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Karan Chopra

Karan Chopra, CEO at G2One Network An Internet Media Company), Founder at 99DollarWebsite and Editor/Writer at I2Mag, JustWP.org, CodeAndMe.net, TechEXplained.org, JustInfo.Graphics, HowToWebDesign.org, NextBigProduct and WPLove.co. Karan is an internet enthusiast, who loves to explore every second thing in both technology and business. You can find him on Facebook , Twitter and Google+.