IBM Lays Off 2,400 People As Jobs Go Overseas
IBM has axed around 2,400 members of its staff in the U.S., replacing them with overseas workers instead.
Bloomberg cites an employee advocacy group, Alliance@IBM, that says IBM has axed 2,400 members of staff, mainly from the company's U.S. operations. Spanning several divisions, the nationwide cuts occurred earlier this week. Alliance says that yesterday, 500 jobs were cut, but the group has been updating the number as it receives more severance documents.Lee Conrad, national director of Alliance@IBM told Bloomberg, "We're getting reports from employees that they’re training the overseas replacements as they are getting cut.”
The cuts represent less than 1 percent of IBM’s workforce of 399,409. Last year the company cut 10,400 members of its staff in the United States and Canada.