It’s time of layoff in the IBM. The IT giant began a series of layoffs across the company in North America on Wednesday. However, a spokesperson declined to provide specific numbers or to identify what IBM locations were affected by the cuts.
There have been rumors of layoffs hitting as many as 16,000 – a number predicted by one Wall Street analyst. An unknown number of layoffs were at IBM’s Research Triangle Park campus, which is Big Blue’s largest with more than 11,000 employees.
Despite a global economic slowdown, IBM beat Wall Street expectations with a quarterly profit of $3.28 per share, the company said after the markets closed Tuesday.
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