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.

Read the IBN Live news report here.