IBM layoffs begin - Boston News, Weather, Sports | FOX 25 | MyFoxBoston

IBM layoffs begin

Posted: Updated:

IBM has initiated layoffs that have so far reached more than 1,600, according to employee group Alliance@IBM.

IBM could not immediately be reached for a comment, however dozens of anonymous posts on the site claim layoffs across a wide variety of regions and departments.

The cuts include at least 222 people in marketing for the software business and 165 in semiconductor research and development, as well as more than 100 in each of these: STG Storage Systems Development, GBS AMS IBM Global Account, the Software Group Information Management and the Software group Industry Solutions.

In total, 1,634 cuts have been reported, according to a posting on Alliance@IBM, which is affiliated with the Communications Workers of America union. The group says it will update the list Thursday night.

“I work in STG in 3D Edram Development and was informed of permanent layoff today,” one person wrote on the site Wednesday.

“Atlanta POS Group hit hard. Storage and other groups hit too. Typical package,” another person said.

“I am one of 83 Marketing & Communications employees being permanently laid off today. Separation date is 7/12. I work from home,” another said.

Employees had been waiting for layoffs to begin ever since the Armonk, N.Y.-based computer company said it would increase the pace of job cuts this quarter following a dismal quarterly earnings report in April where sales fell sharply below expectations.

IBM at the time did not say how many people would be let go, but IBM Chief Financial Officer Mark Loughridge said the tech giant expected to report close to $1 billion of accounting charges this year as it axed its workforce, with more reductions aimed at departments outside the U.S.

Alliance’s server was experiencing slowness on Wednesday due to the influx of postings from IBM employees.

Shares of IBM were trading flat on Thursday, and remain up about 4% on the year.

Read more: Fox Business

  • New York State NewsNew York State NewsMore>>

  • NY grand jury to weigh charges for Tony Stewart

    NY grand jury to weigh charges for Tony Stewart

    Tuesday, September 16 2014 3:43 PM EDT2014-09-16 19:43:05 GMT
    A grand jury will decide whether NASCAR driver Tony Stewart will be charged in the August death of a fellow driver at a sprint car race in upstate New York, a prosecutor said Tuesday. Ontario County District Attorney Michael Tantillo said he made the decision to present the case to a grand jury after reviewing evidence collected by county sheriff's investigators.
    A grand jury will decide whether NASCAR driver Tony Stewart will be charged in the August death of a fellow driver at a sprint car race in upstate New York, a prosecutor said Tuesday. Ontario County District Attorney Michael Tantillo said he made the decision to present the case to a grand jury after reviewing evidence collected by county sheriff's investigators.
  • Boater gets prison for fatal Hudson River crash

    Boater gets prison for fatal Hudson River crash

    Tuesday, September 16 2014 3:18 PM EDT2014-09-16 19:18:53 GMT
    A man who was drunk when he crashed a powerboat into a construction barge, killing a bride-to-be and her fiance's best man, was sentenced Tuesday to two years in jail. The victims' families, who say poor lighting on the barge was the main cause of the collision on the Hudson River, called the sentence "incomplete justice."
    A man who was drunk when he crashed a powerboat into a construction barge, killing a bride-to-be and her fiance's best man, was sentenced Tuesday to two years in jail. The victims' families, who say poor lighting on the barge was the main cause of the collision on the Hudson River, called the sentence "incomplete justice."
  • NY: Wal-Mart levied fake 'sugar tax' on soda

    NY: Wal-Mart levied fake 'sugar tax' on soda

    Tuesday, September 16 2014 2:53 PM EDT2014-09-16 18:53:56 GMT
    New York's attorney general has settled a false advertising investigation at Wal-Mart, saying stores were charging a nonexistent "sugar tax" on soda.
    New York's attorney general has settled a false advertising investigation at Wal-Mart, saying some store personnel were citing a nonexistent "sugar tax" on soda. Investigators say some consumers who complained were falsely told the state has a "sugar tax." They say the markup of more than 16 percent violated state laws.
Powered by WorldNow

25 FOX Drive
Dedham, MA 02026

Phone (781) 467-2525

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices