IBM lays off 1,500, mostly in services
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(InfoWorld) - IBMÂ laid off 1,573 employees WednesdayÂ as part of a continuing overhaul of its services unit, the company said. Most of the layoffs came from IBM's services unit and most from North America, said Edward Barbini, a company spokesman. The layoffs were part of a restructuring effort the company announced during its first quarter financial results presentation in April. During the earnings calls, IBM CFO Mark Loughridge said the company needed to address the cost of its services unit in North America. "We said then we were going to do this," Barbini said. Based on past layoffs, about 20 percent of those laid off Wednesday will find other jobs at IBM, Barbini said. At the end of 2006, IBM had about 355,000 employees. According to union leaders, IBM laid off more than 1,300 people from its global services division earlier this month.ADVERTISEMENTIBM Information On Demand 2006Industrial Industry Leaders, please join us at IBM's premier information management global event, IBM Information On Demand 2006, October 15-20, Anaheim, CA. More IBM business and technical solutions content in one place than ever before! Select from  over 800 sessions. Register today!
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IBM (NYSE: IBM) announced today it recently surpassed the major milestone of its 500th deployed offering under the Built on IBM Express Advantage program, launched in April, 2005.
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The company's development group has been hit with layoffs.
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IBM's loss of its huge JPMorgan contract comes as outsourcing deals are getting smaller.
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Unisys Corp. plans to cut 1,400 jobs, primarily in general and administrative areas, and consolidate its office space worldwide, it announced Wednesday.
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Unisys Corp. said Wednesday night that it plans to lay off about 1,400 employees, mostly in general and administrative areas. The computer hardware, software and services company didn&#39;t say how many of the
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IBM, the company that helped usher in the age of the personal computer nearly 25 years ago, stunned the tech world with the announcement that it would largely be bowing out of the business.
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IBM Corp. is selling its personal computer business to China&#39;s largest PC maker in a $1.25 billion deal that marks the end of an era for the company that made &quot;PC&quot; a household word.
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The Co-op is set to make 1,000 staff redundant from its financial services arm, a report says.
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Armonk-based IBM Corp. has lost a $5 billion contract to provide technology outsourcing services to JPMorgan Chase &amp; Co. New York-based JPMorgan plans to rehire 4,000 workers whose jobs
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Work hard for the money IBM today rolled out 23 updated product and 11 professional services offerings for service oriented architectures (SOAs). Some use technology from recent and recent-ish acquisitions, Webify, BuildForge and Bowstreet.â¦
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JP Morgan Chase is cancelling a $5bn IT outsourcing deal with IBM and bringing the service back in-house. IBM will hand over the running of the investment bank&#39;s data centres, help desks, distributed computing, data and voice networks from January 2005.
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First Horizon National Corp , the largest bank in Tennessee, said on Wednesday that it plans to eliminate at least 1,500 jobs by the middle of next year as it slashes its mortgage sales force and closes branches.
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IBM&#39;s expected decision to sell its US$11.5 billion PC business would mark the end of an era and dramatically reshape the systems landscape, posing both opportunities and pitfalls for solution providers.
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J.P. Morgan Chase & Co. JPM.N said  on Wednesday it was canceling a $5 billion outsourcing deal  with IBM Corp., IBM.N and planned to rehire about 4,000  workers who had been transferred to IBM under the pact.
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Motorola Inc. is laying off 1,000 employees in conjunction with its upcoming chip unit spinoff and ongoing efforts to reduce operating costs, the company said Tuesday in a regulatory filing.
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This week, IBM said it is selling off most of its PC division to Lenovo, China's No. 1 PC maker. The news is likely to rattle IBM customers - but it may end up benefiting them long term. USA TODAY reporter Michelle Kessler answers some questions many IBM customers are asking: