Job security is tough thing to come by these days, a fact that resonating in various departments at International Business Machines (IBM
), the third-largest publicly traded technology company in the world and the largest computer services supplier on the planet. Despite its credentials and standing in the global community, IBM has let go of over 1,400 employees in the U.S. and Canada this past week, according to Alliance@IBM, an organization that's trying to form a union of IBM workers recognized by the company.
As of Tuesday, the number of pink slips handed out in the U.S. and Canada stood at 1,100 and it's now at 1,440 at the time of this writing. In the grand scheme of things, the job cuts are fairly minor and represents less than one half of one percent of IBM's global workforce. Nevertheless, that doesn't make it easier to swallow for the more than 1,400 workers who were let go.
Image Source: Flickr (Daniel Voyager)
"IBM is constantly rebalancing its workforce," Doug Shelton, a spokesman for IBM told Bloomberg. "That means reducing in some areas and hiring in others -- based on shifts in technology and client demand. This allows IBM to remain competitive and relevant in an industry that is constantly changing."
On the bright side, employees who received pink slips may apply for other positions within IBM, according to severance documents obtained by Alliance@IBM.