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IBM cuts 1,300 jobs and there might be more to come

17 Jun 2013  | Elmie Gonzales

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As part of its global restructuring plan to amend for the company's disappointing first quarter performance, IBM Corp. has begun to lay off workers from its US facility. According to a Bloomberg report, at least 1,300 workers, including workers from the semiconductor research and development business, were affected.

"Change is constant in the technology industry and transformation is an essential feature of our business model," IBM said in a statement. "Consequently, some level of workforce remix is a constant requirement for our business. Given the competitive nature of our industry, we do not publicly discuss the details of staffing plans."

However, Bloomberg further states that IBM job cuts would be concentrated outside of the US. In Europe, for example, over a thousand workers have already been laid off. IBM is predicted to cut between 6,000 to 8,000 jobs worldwide.

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