Thursday, March 26, 2009

IBM to lay off 5,000 US-based workers

(SAN FRANCISCO) IBM Corp plans to lay off about 5,000 US employees in a new round of job cuts. The move reflects IBM's aggressiveness in shifting labour to lower- cost regions such as India and keeping its profits aloft at a time when other technology companies' earnings are tumbling.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,325615,00.html?

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