1. #1

    Join Date
    Aug 2011
    Lahore, Pakistan
    Blog Entries

    IBM will reduce the number of its managers

    IBM is the beginning of a new wave of cuts in its U.S. division. Abbreviations are conducted within the framework announced in April, the campaign for a global restructuring of the company. We are talking about a reduction of approximately 6.8 million people, this is going to be the biggest downsizing in the world as per my knowledge.

    According to the Trade Union Alliance @ IBM, while reducing the affected mostly American corporations senior staff, including line managers, HR managers and advertising.

    Officially, the corporation does not comment about cuts, but previously the head of the Virginia Rometta IBM announced that IBM cuts will save about $ 1 billion

    Although IBM has not announced how many people will be reduced, according to independent analysts, we are talking about approximately 6.8 million people, representing about 2% of its total staff to 434.5 thousand.

    Recall that in April, the company released a quarterly report that disappointed investors, as IBM and showed profits and revenue below Wall Street expectations due to the falling of large orders.

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