Employee Group Reports 1,400+ Job Cuts at IBM in U.S. and Canada
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.