IBM lays off 1,570 U.S. workers to cut costs
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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.
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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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Unisys is waving goodbye 1,400 workers and getting rid of unused facilities, to save $70ma year by the end of 2005. The computer services firm will take a one-time $63m charge to earnings for the actions, the
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Computer Associates International Inc.  CA.N will lay off about 5 percent of its work force in an  attempt to cut costs, the Wall Street Journal reported on  Wednesday.
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Intel Corp. INTC.O, the world's   biggest maker of microchips, is expected to announce major job   cuts on Tuesday as part of a plan to trim $1 billion in costs   and regain its competitive edge, analysts and media reports   said.
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International Business Machines cut about 1,570 jobs to help improve profit margins in its technology services unit.
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TORONTO -- Nortel Networks yesterday gave details of a previously announced job cut program, saying it is cutting 1,400 positions in the United States by next June.
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Computer Associates International Inc. (CA.N: Quote, Profile, Research) will lay off about 5 percent of its work force in an attempt to cut costs, the Wall Street Journal reported on Wednesday.
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Seagate Technology, the world's largest maker of hard drives, said Monday it is shuttering one of two manufacturing facilities in Northern Ireland, resulting in a cut of 780 employees, about 1.5 percent of the company's global work force.
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Citigroup Inc. C.N on Friday said it  is cutting jobs in its corporate and investment bank to save  money, and a person familiar with the decision said more than  1,000 positions may be lost.
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ZURICH  - Switzerland's struggling national airline announced a further cost-saving package Tuesday, saying it plans to slash up to 1,000 jobs and cut 13 aircraft from its fleet.
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By Anne Krishnan, The News & Observer, Raleigh, N.C.  Feb. 28--Lenovo might be planning 1,000 layoffs worldwide to cut costs in  the ultra-competitive PC market, according to newspaper and wire reports from  Asia.
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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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JP Morgan Chase &amp; Co. said Wednesday it was canceling a $5 billion outsourcing deal with IBM Corp. and planned to rehire about 4,000 workers who had been transferred to IBM under the pact.
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Bank of America Corp  said it will lay off about 2,500 workers in Illinois and 1,500 in Michigan over the next two years in connection with its $21 billion purchase of LaSalle Bank Corp from Dutch bank ABN AMRO Holding NV .
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InfoWorld - IBM&#160;laid off 1,573 employees Wednesday&#160;as part of a continuing overhaul of its services unit, the company said.
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Morgan Stanley  on Wednesday said it will eliminate 1,000 jobs as it scales back its U.S. residential mortgage operations and closes its British residential mortgage lending business, Advantage Home Loans.