IBM Hands Out 400 Pink Slips

Paul Lilly

The tough times continue for those employed in the tech industry, and Big Blue in particular. According to the Alliance@IBM/CWA Local 1701, IBM has issued about 400 layoff notices .

Lee Conrad, national coordinator of the Alliance, believes this is the just the first wave of more layoffs to come, though he didn't say how many he believes will get the axe. Neither did IBM, who rarely does, saying only that this is a result of a remixing of "our skills and structure to meet the changing needs of our clients."

IBM employs about 400,000 workers around the world. According to Conrad, the latest cuts are the result of a shift to offshore work. Big Blue employees around 105,000 U.S. workers, compared to 115,000 one year ago.

Image Credit: IBM

Around the web