News: IBM to lay off 15,000

Strategic HR

IBM to lay off 15,000

IBM has started a restructuring process, which would see as many as 15,000 jobs being cut globally, including India, Brazil and the European region. Last month, the US-based firm had said its top executives will forego their bonuses and the company will initiate a USD one billion restructuring programme in the Q1 2014 as it grapples with declining sales of servers and storage systems.

IBM has started a restructuring process, which would see as many as 15,000 jobs being cut globally, including India, Brazil and the European region. Last month, the US-based firm had said its top executives will forego their bonuses and the company will initiate a USD one billion restructuring programme in the Q1 2014 as it grapples with declining sales of servers and storage systems.

Read the IBN Live news report here.

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Topics: Strategic HR, #Current, #Corporate

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