IBM lays off workers as company eyes new markets

Jun 13, 2013

IBM has laid off an undisclosed number of workers this week as the company intensifies its focus on some of some of the technology industry's hottest markets.

The cutbacks are part of a that IBM Corp. executives disclosed in April during a conference call discussing the Armonk, N.Y., company's first-. IBM said it would spend $1 billion reshuffling the types of jobs it needs in its workforce this year, with most of the changes coming before the end of June.

A company spokesman declined Thursday to provide further details about the staff cutbacks.

IBM employed about 434,000 workers at the start of the year.

But some of those employees didn't fit into IBM's plans to expand into new frontiers such as and mobile computing.

Explore further: Uber says outside review shows customer data safe, private

5 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Recommended for you

Airbnb to expand tax collection efforts

Jan 30, 2015

Online lodging operator Airbnb is expanding its efforts to collect local taxes, responding to complaints that it competes unfairly with the hotel sector.

Jay Z to acquire Wimp music service

Jan 30, 2015

US rap star Jay Z will make a $56-million foray into the music streaming business by taking over the Norwegian service Wimp, its shareholders confirmed Friday.

How can Google snap its stock out of its stupor?

Jan 30, 2015

Google has turned into a stock market laggard as the shift to mobile devices has lowered the Internet search leader's digital ad prices and the company's expensive investments in far-out technology has trimmed ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.