IBM to reassign 30% of staff in 2018: report
IBM plans to reassign up to 30% of staff in its 103,000 computer service delivery business this year with job losses through attrition of around 10,000
London: International Business Machines Corp. (IBM) plans to reassign up to 30% of staff in its 103,000 computer service delivery business this year with job losses through attrition of around 10,000, technology website The Register reported on Thursday, citing unnamed company insiders.
The news site published a slide it said was from an IBM internal presentation, which showed 10,100 jobs classified as “attrition w/o backfill”.
IBM, one of the world’s original PC producers but now a broad-based producer, integrator and software maker, beat expectations for revenue in its last quarterly results in October after 22 straight quarters of declines.
Spokesmen for IBM declined to make any immediate comment.
Editor's Picks »
- Disney slashes forecast for ‘Solo’ as early ticket sales sag
- Delhi weather: Clear skies, maximum temperature likely to touch 45C
- Education in 4 years of Modi government: Implementation remains a key hurdle
- India is the great linguistic bazaar of the world: Sheldon Pollock
- Canada police seek suspects in Indian restaurant bombing, 15 injured
- Motherson Sumi continues to face margin pressure in foreign markets
- What the Warren Buffett indicator tells us about market valuations today
- Jet Airways lands with a thud in Q4 as fuel costs increase
- IBC amendments: Some dilutions, and a lot more speed
- Patanjali’s gambit is paying off in toothpaste wars