IBM cuts 1570 jobs
IBM, the world’s largest computer-services company, cut about 1570 jobs mainly in its technology services unit, where profit fell 19% in the latest quarter. Most of the reductions were in North America and workers were notified today, according to Edward Barbini, a spokesman for Armonk, New York-based IBM. The division accounted for more than a third of IBM’s $22 billion in sales in the first quarter.
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