Skip to main content
Advertising

Originally published June 13, 2013 at 1:34 PM | Page modified June 13, 2013 at 2:16 PM

  • Share:
           
  • Comments (0)
  • Print

IBM lays off workers as company eyes new markets

IBM has laid off an undisclosed number of workers this week as the company intensifies its focus on some of some of the technology industry's hottest markets.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

ARMONK, N.Y. —

IBM has laid off an undisclosed number of workers this week as the company intensifies its focus on some of some of the technology industry's hottest markets.

The cutbacks are part of a reorganization that IBM Corp. executives disclosed in April during a conference call discussing the Armonk, N.Y., company's first-quarter earnings. IBM said it would spend $1 billion reshuffling the types of jobs it needs in its workforce this year, with most of the changes coming before the end of June. The company indicated most of the layoffs would occur outside the U.S.

A company spokesman declined Thursday to provide further details about the staff cutbacks.

IBM employed about 434,000 workers at the start of the year.

But some of those employees didn't fit into the company's plans to expand into new frontiers such as social networking and mobile computing. It also is pouring more resources into data analysis and storage and cloud computing - a term that refers to the practice of storing software applications in data centers so they are available to anyone with an Internet-connected device.

With such a large payroll, IBM has been able to periodically lay off a few thousand workers without triggering rules that require disclosures about a "material" change to its business. The current round of cutbacks has affected IBM's operations in Vermont, according to a notification that Gov. Peter Shumlin on Wednesday said his office received from IBM. No numbers were provided in that notice either.

News where, when and how you want it

Email Icon

Get ready for 2015

Get ready for 2015

The Seattle Times 12-month wall calendar features hand-picked photos of life in the Pacific Northwest. Order while supplies last!

Advertising

Advertising


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►