Computer giant IBM is ‘planning to sack 111,800 employees’, in what would be the largest corporate layoff in history. The company will cut a quarter of its 430,000 staff before the end of the week, according to Forbes.
Most jobs will apparently be lost in the United States as IBM tries
to concentrate on cloud services, in what it is referring to as ‘Project
Chrome’.
‘To fix its business problems and speed up its “transformation”, next
week about 26% of IBM’s employees will be getting phone calls from
their managers,’ wrote Forbes’ Robert X Cringely.
He added: ‘A few hours later a package will appear on their doorsteps with all the paperwork.’
Some experts are sceptical regarding the reported number of layoffs and IBM has yet to comment.
IBM currently holds the record for mass layoffs after sacking 60,000 people in 1993.
No comments:
Post a Comment
We reserve the right to delete any message found vulgarizing. Avoid crude or indecent texts..