IBM Layoffs | 5,000 U.S. Jobs Cut

Big company, big cuts

IBM building in Baltimore

News of impending layoffs at IBM leaked yesterday, but the official numbers weren’t confirmed until today. IBM says it is cutting 5,000 jobs in the United States. Hopefully their severance packages are big enough that they won’t need short term loans to get by.

Headed for the door

Yesterday, 600 IT specialists in the Global Business Systems unit were laid off.  According to Information Week, IBM cut a total of 1,674 jobs from Global Business Systems.

“In an effort to rebalance skills, eliminate redundancies, and deliver greater economic efficiencies, IBM Global Business Services is announcing a resource action affecting U.S. employees in Application Services,” the document says.

Other cuts

Among the other layoffs, IBM is axing 53 partners in the Security and Privacy Services group, dozens of IT architects, sales specialists, managing consultants, systems analysts, and financial analysts.

In January, IBM cut 4,000 jobs.

All in the name of outsourcing?

IBM is cutting U.S. workers in favor of shipping jobs over to India, according to CNBC. While IBM has been eliminating jobs in the United States, it has hired more workers in “Brazil, China, Eastern Europe and other countries and regions where salaries are low compared to U.S. standards and where growth prospects exceed those of the sluggish North American market,” according to Information Week. ... click here to read the rest of the article titled "IBM Layoffs | 5,000 U.S. Jobs Cut"