IBM laid off as many as 1 lakh employees in last few years, alleges lawsuit
- IBM has struggled with almost seven straight years of shrinking revenue
- The number of IBM employees has fallen to its lowest point in six years
IBM has fired as many as 100,000 employees in the last few years in an effort to boost its appeal to millennials and make it appear to be as “cool" and “trendy" as Amazon and Google, according to a deposition from a former vice president in an ongoing age discrimination lawsuit. The technology company is facing several lawsuits accusing it of firing older workers, including a class-action case in Manhattan and individual civil suits filed in California, Pennsylvania and Texas last year.
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