IBM lays off 1,570 in ongoing overhaul
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IBM Corp. laid off 1,570 people Wednesday, primarily from an ongoing overhaul of operations in its giant technology services unit.
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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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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:
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Only 147,000 to go IBM has shed another 1,573 jobs as part of an ongoing push to thin its services organization.â¦
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&gt;lines 0,0,1000,993,1000 Computer Associates International announced a restructuring plan Wednesday that would reduce its global work force by 800 people, saving the software maker $70 million annually once the plan is implemented.
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Citigroup plans to eliminate about 1,000 jobs at its corporate and investment bank, according to a person close to the company, the latest signal that the company is placing a renewed emphasis on cutting costs and bolstering shareholder returns.
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Following days of rumors, IBM late Tuesday made it official: the company said it was spinning off its personal computer business with the Lenovo Group, China&#39;s biggest maker of personal computers.
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CompUSA has decided to close 126 of the 225 electronics stores it operates in the U.S. and Puerto Rico as part of a massive realignment aimed at cutting costs.
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Motorola (Quote, Chart) said it would cut 1,000 jobs, a move prompted by the spinout of its Freescale Semiconductor (Quote, Chart) subsidiary.
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Unisys plans to lay off 1,400 workers, mainly in general and administrative positions, and consolidate offices worldwide. The cuts represent 3.8 percent of the company&#39;s staff of 37,000, and
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Morgan Stanley  is cutting about 1,000 jobs in the coming week, part of efforts to trim costs ahead of what it expects will be a tougher business environment, a person briefed on the moves said on Thursday.
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NEW YORK, December 8  - International Business Machines (IBM.NYS) has decided to sell its personal computers business to Chinaâs Lenovo Group for $1.75 billion in a cash and stock deal.
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By Brian Bergstein Associated Press  BOSTON - IBM Corp. laid off 1,570 people Wednesday, primarily from an ongoing overhaul of operations in its giant technology services unit.
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General Motors announced on Tuesday that it was laying off nearly 1,000 factory workers at its Linden, NJ, truck plant and ending production of one of Chevrolet&#39;s best-known models, the Blazer.
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IBM Corp. said Wednesday it cut 1,753 jobs, mostly in its U.S. technology-services unit, as part of a continuing operations overhaul.
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The struggling chipmaker will eliminate around 10 percent of its workforce -- most cuts coming in management, marketing and IT -- as part of its biggest restructuring since the mid-1980s.
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International Business Machines Corp.  said it laid off about 1,570 employees on Wednesday in its computer services business in the United States, part of a plan to trim costs in the unit.