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Check out the T-Mobile newsroom for T-Mobile news, media, photos, blog, and more. said in January it was cutting 5,000 jobs, the first mass layoffs in the company's history, after profit in the latest quarter fell 11 percent to $4. Between that round and this one. Material published as "Partner Content" was created by or on behalf of ASPENCORE's partner(s) in conjunction with the ASPENCORE Studio team and may not reflect the views of the site and editors to which it is published. The bigger news: IBM seems to provide context for staffing levels. and World News Headlines NPR news, audio, and podcasts. The loss of jobs comes as the company looks to shift more focus toward the K-12 market. COLUMBIA, Mo. "Partner Content" allows today's industry thought leaders to share their unique insight and perspective with the greater ASPENCORE audience. At more than 100,000 people, it is projected to be the largest mass layoff by any U. IBM released the Personal System II which had large sales due to IBM's share of the computer market. Explore IBM layoffs profile at Times of India for photos, videos and latest news of IBM layoffs. Nissan to report 90% plunge in profit, double global job cuts to 10,000: Report Jul 24, 2019, 2:45 pm Huawei to invest $4. The news come from [email protected], which has been a reliable source of news about job. blockchain and Bitcoin bringing you the latest news and analyses on the. It states that during July and August administration will be prepared, that IBM employees will leave "in three waves" and the first round of layoffs will start on 1 November at the earliest. We will never sell or share your information. IBM has grown its dividend payments in each of the past 19 years, making it a staple of many income portfolios. Hudson's Bay Company Layoffs To Affect 2,000. It is unclear how many IBM layoffs will occur this time around as the company declined to comment on the reports. Now, in a blog post titled " Setting the Record Straight ," IBM has responded to some of this media coverage, saying that its inaccurate to suggest Watson "has. Langley's attorneys made no changes in the assertions that the 50,000 to 100,000 layoffs happened in the last several years. IBM took the calculated risk of openly breaking the law to cover up its massive layoffs of older workers, which were designed "to correct seniority mix" by replacing baby boomers in order to "shift headcount toward a greater % of Early Professional hires," a term IBM uses for recent college graduates and other younger workers. Online US publication WRAL Tech-Wire reported that the IBM union received multiple emails from employees sacked in India. After weak start to the year, layoffs hit F5 Networks. IBM has fired as many as 100,000 employees in the last few years in an effort to boost its appeal to millennials and make it appear to be as "cool" and "trendy" as Amazon and Google, according. IBM reportedly targeted older workers in layoffs affecting tens of thousands New, 14 comments A new in-depth investigation shows the company’s disregard for age discrimination laws. And investors keep cheering. IBM layoffs Blogs, Comments and Archive News on Economictimes. The Block Crypto has reported that a global IBM layoff has seen some 1,700 positions shorn off its workforce, but that its blockchain division was spared the majority of this decision. They totalled 2,286 as of the morning of June 13. As it turns out, only a tiny percentage of the planned layoffs affected IBM's blockchain division. employees this week as part of a $1B restructuring, and is apparently trying keep the exact number of cuts secret. The Wall Street. Breaking News, Latest News and Current News from FOXNews. Latest India News, Breaking News, Today Headlines, and Live News Online - Indian Express provides the latest news from India and the world. IBM plans more job cuts. Apple’s latest launch event shows the limitation. IBM has started another round of job cuts as part of the layoffs Big Blue announced last month. View the latest business news about the world’s top companies, and explore articles on global markets, finance, tech, and the innovations driving us forward. The next round of layoffs were expected to start on February 26, last Wednesday, but the rumors are that CEO Ginni. Your main worry needs to be how conducive your own farm space is perfect for the development plus growth from the goats, and their well-being and safety!. International Business Machines Corp. "IBM is laying off U. IBM is defending itself from the latest round of accusations about its firing practices. 1 Scans the hardware and checks to see if there are new driver updates available, also checks for the unidentified devices. MedCity News At HLTH, experts discuss 3D printing complex structures IBM confirms layoffs impacted its Watson Health division. Under the agreement AT&T Communications will use IBM's expertise to modernize AT&T Business Solutions' internal software applications, enabling migrations to the IBM Cloud. Click or swipe to view the gallery. IBM is cutting jobs, as disclosed in its latest earnings report last week, but those reductions will affect. The Wall Street. SINGAPORE: Hundreds of IBM Singapore employees are being laid off, amid the technology giant's global restructuring efforts. GE employs about 2,000 people in Niskayuna, making this. Embattled GE plans thousands of layoffs amid corporate re-set The company also plans to reduce the number of staff working in research, digital and at headquarters currently about 24,000 employees. They are alleging that IBM engaged in a 'massive scheme to cover up discriminatory layoff of. One message states that IBM will announce 16,000 layoffs on Jan. IBM is in the process of layoffs, as disclosed in its latest earnings report last week, but they will affect "several thousand" employees only, according to an emailed statement from IBM to Reuters. A case in which IBM is being accused of age discrimination is heading to a Texas courtroom Wednesday. Instead, IBM adds 500 positions. CIOL has become the must-visit destination of Top IT professionals, vendors, solution providers, CIOs and CEOs of Indian enterprises. The loss of jobs comes as the company looks to shift more focus toward the K-12 market. The latest news from IBM. It is unclear how many IBM layoffs will occur this time around as the company declined to comment on the reports. 10 lakh employees, or around 26 per cent. Check out for the latest news on IBM layoffs along with IBM layoffs live news at Times of India + Tue, Oct 08, 2019 | Updated 03. The suit, filed in U. crypto coin bitcion news right now. Big changes at Canada Post: 100 layoffs and future plans to close sorting plant in Ottawa. Share this item with your network:. com Top Stock Reports for IBM, Texas Instruments & Glaxo 8/20/2018 2:29:00 PM - Zacks. “Resourced” is the IBM inside lingo for being laid off. On Thursday, IBM announced that it is laying off more than 1000 employees. Big Blue countered reports citing unnamed sources, saying the latest workforce reductions affect "a small percentage of our. Currently, Houzz has 40 million users and discovered the breach in late. SINGAPORE: Hundreds of IBM Singapore employees are being laid off, amid the technology giant's global restructuring efforts. The layoff rumors are swirling as IBM prepares to release its fourth-quarter 2008 earnings later this month. Intel announced that it will layoff 12,000 American workers after requesting 14,523 H-1B visas and green cards to import foreign workers. Breaking News, Latest News and Current News from FOXNews. The Baltimore-based asset manager reported Monday evening that it's assets under management declined 5% year-on-year to $727. This is despite the fact that IBM CEO Ginni Rometty had publicly proclaimed in a summit that the corporation would hire some 25,000 American workers and spend $1 billion on training over the next four years. Latest News. A union that is trying to organize workers at IBM is reporting that the company cut more than 2,800 jobs recently, but an IBM spokesman would only confirm that some layoffs have occurred. ProPublica reports that IBM eliminated more than 20,000 American employees who were 40 years and older over the past five years. Stock - IBM news, historical stock charts, analyst ratings, financials, and today’s International Business Machines Corp. IBM Lays Off Thousands, Hudson Valley Hit is keeping a running tally of the layoffs, department by department. IBM layoffs Blogs, Comments and Archive News on Economictimes. IBM confirms 1,700 job cuts. IBM denies layoffs result of deal with Hitachi. In the final use case, External Presentations, Cisco scored second highest. Cooper announced it had purchased Seterus from IBM in a deal expected to close in the first quarter of the year, and coincides with layoffs in Mr. IBM layoff- Get latest news on IBM layoff. com DA: 69 PA: 68 MOZ Rank: 46. The latest news from IBM. IBM's early ad for its oncology product IBM. is laying off workers at its Vermont plant, but the company won't say how many. Apparently a public company doesn't have to note layoffs unless firing hit 500 at a single site. " Most analysts have also dismissed the possibility of a layoff on the scale reported by Cringely. One message states that IBM will announce 16,000 layoffs on Jan. IBM "flatly denies" report of mass layoffs. Things aren’t going well for IBM. Job cuts are 'on' at IBM. Less than 24 hours after IBM reported profits that far exceeded Wall Street expectations, Big Blue began a series of layoffs across the company in North America on Wednesday. Major global layoffs underway by IBM Corp. A case in which IBM is being accused of age discrimination is heading to a Texas courtroom Wednesday. The latest news from IBM. Join our daily or weekly newsletters, subscribe to a specific section or set News alerts. IBM employees affected by the latest layoffs learned of the severance cut in January, 2016. Over the summer, home-improvement retailer Lowe's pink-slipped about 125 corporate tech workers in a move to improve its bottom line. A round of layoffs at IBM would make the vendor only the latest of its peers to trim workers amid the weak global economy. This latest round of global layoffs has been expected since the beginning of the year. Latest News. The Poughkeepsie Journal says IBM employs 7,500 in Dutchess County alone. The week has already seen heavy layoffs in. GE employs about 2,000 people in Niskayuna, making this. With one employee describing the layoffs as a cost-cutting measure, estimates say Big Blue may have cut as much as 70 percent of its employees. Alcoa Corporation (NYSE: AA), a global leader in bauxite, alumina, and aluminum products, today announced third quarter 2019 results, as well as a multi-year portfolio review aimed atmore. At more than 100,000 people, it is projected to be the largest mass layoff by any U. Apple’s latest launch event shows the limitation. A news conference was held Monday morning in Kleberg to address the latest developments in the murder investigation of James and Michelle Butler. The company's. Photos / IBM starts job cuts Photogallery Trending Now : Priyanka Chopra Ranbir Kapoor Alia Bhatt Deepika Padukone Ranveer Singh Kangana Ranaut Akshay Kumar Salman Khan FOLLOW US ON:. IBM laid off as many as. IBM said it would spend USD 1 billion reshuffling the types of jobs it needs in its workforce this year. Biggest layoff: Sign up for Finance Report by AOL and get everything from breaking finance news to money-saving tricks delivered directly to. IBM didn't immediately respond to a request for comment. are reportedly hitting the company's Tucson operations, though the extent of the local cuts are unknown. For more information on this program. We will never sell or share your information. District Court for the Southern District of New York, alleges that. Experts are warning about more job cuts in India, Brazil and the Netherlands in what is termed as 'resource action' by the IBM. A union that is trying to organize workers at IBM is reporting that the company cut more than 2,800 jobs recently, but an IBM spokesman would only confirm that some layoffs have occurred. According to media reports, in the third week of May, IBM laid off a few more employees at its offices in the Research Triangle of North Carolina, New York City; Poughkeepsie, NY and Boulder, Colorado. "We will continue to reposition our team to focus on the high-value segments of the IT market, and we remain aggressively engaged in important new areas of value to our customers and IBM," said one Company. NBC preps Olympics hype with a lightning-fast promo. A new round of IBM layoffs took place this week, according to a report. Cisco Blogs. IBM starts job cuts; most lay-offs outside US IBM, the world's largest computer services provider, has initiated a global restructuring plan by laying-off almost 2,800 employees in North America so far and more job cuts are in offing in other nations like India. com HP (HPQ) Q3 Earnings: What To Expect 8/17/2018 5:59:00 PM - Zacks. The move amounts to less than 1pc of if its workforce, which totalled 350,600 at the end of. The total layoffs could affect more than 14,000 jobs, according to an estimate by Sanford Bernstein analyst Toni Sacconaghi. IBM isn’t commenting on its latest round of cuts and information about it comes from the [email protected]/CWA Local 1701, which gathers its data directly from IBM employees. and World News Headlines NPR news, audio, and podcasts. Microsoft Corp. will have some influence over. Browse The Independent's complete collection of articles and commentary on IBM. COLUMBIA, Mo. IBM confirmed the reports published on the online message board, The Layoff. com Of course, panic has spread wide and far within IBM. com Top Stock Reports for IBM, Texas Instruments & Glaxo 8/20/2018 2:29:00 PM - Zacks. IBM to expunge over 500 people in latest redundo round. employment, which peaked at 230,000, had dropped to about 70,000 by mid-2015, largely the product of layoffs and retirements. IBM is cutting jobs, as disclosed in its latest earnings report last week, but those reductions will affect "several thousand" employees, a "small fraction" of what Forbes reported, according to an emailed statement from IBM to Reuters. Latest News. The company will be transitioning “a number” of its IT workers to work for IBM. Reports of IBM initiating a new round of layoffs have been intensifying in recent days. Although Chowdhry is predicting 261,800 layoffs at tech companies this year, Toni Sacconaghi, a senior research analyst with Sanford C. Try 1 month for $1. The news is from IBM which has gone for layoffs. Alcoa Corporation (NYSE: AA), a global leader in bauxite, alumina, and aluminum products, today announced third quarter 2019 results, as well as a multi-year portfolio review aimed atmore. Ripple IBM & SWIFT Join EU Policy. Read Breaking News on IBM layoff updated and published at Zee News. Here are some of the biggest mass layoffs in recent years. IBM job cuts confirmed, but Big Blue says they're limited, massively outweighed by new hires Latest News on CBR. It impacts not just the employee, but also. IBM reportedly targeted older workers in layoffs affecting tens of thousands New, 14 comments A new in-depth investigation shows the company's disregard for age discrimination laws. IBM confirms job cuts. The technology services firm confirmed an undisclosed number of cuts at its Watson Health unit, which is based in. And investors keep cheering. Chowdhry's estimate is nearly seven times larger than Sacconaghi's estimate, for example. “There is life after IBM,” Lambert said. Stock rises. Most Popular 1. COLUMBIA, Mo. The layoff rumours are swirling as IBM prepares to release its fourth-quarter 2008 earnings, which are expected later this month. com brings latest ibm news, views and updates from all top sources for the Indian Auto industry. " The company said that it had already announced it would take a $600 million charge for. IBM Employees Buzzing About Layoff Rumors. The total layoffs could affect more than 14,000 jobs, according to an estimate by Stanford Bernstein analyst Toni Sacconaghi. Latest Bitcoin News, Views, Opinions and Market Updates in the Cryptocurrency Industry. Read employee reviews and ratings on Glassdoor to decide if IBM is right for you. The statement was meant to be a deduction and not a direct quote, but it was treated as such in news reports -- to IBM's ire. Latest News. IBM Watson Health confirms layoffs. -based employees, mostly in its giant services arm, The Wall Street Journal reported on Wednesday. Schroeter said IBM would. IBM has laid off more than 1,600 U. Tesla’s stock plummets on news of job cuts and lower Q4 profits January 18, 2019 Tesla Inc. The lawsuit claims that in its push to hire millennials, the company is letting go of more. Alcoa Corporation (NYSE: AA), a global leader in bauxite, alumina, and aluminum products, today announced third quarter 2019 results, as well as a multi-year portfolio review aimed atmore. Spokesman Doug Shelton told The. It impacts not just the employee, but also. The company disclosed plans for some layoffs last week, but it says in a statement that they affect "several thousand people," or "a small fraction of what's been. [email protected] claims IBM let ~9,600 Americans go over in the first quarter to offshore the jobs. 10 lakh employees, or around 26 per cent. Latest News. The Alliance, which has blamed offshoring for many of the layoffs, has been trying to win bargaining rights for employees. Sources close to the team told news site The Block that "very tiny, tiny percentage" of the 1,700 employees laid off earlier this month was connected to IBM's blockchain project. Get the highlights of the most important daily news delivered to your inbox every weekday morning, combining Ad Age reporting with. has dismissed a report stating that massive new layoffs were coming this week for the computing giant. IBM has about 400,000 employees in total in more than 170 countries. The layoff rumours are swirling as IBM prepares to release its fourth-quarter 2008 earnings, which are expected later this month. One such company was IBM, which spun off startups like IDX Systems, the. There are sweeping layoffs across IBM Watson Health today. Your main worry needs to be how conducive your own farm space is perfect for the development plus growth from the goats, and their well-being and safety!. The IBM Microelectronics Division plant in Essex Junction, Vermont cut 988 jobs yesterday. The company's employment in India has nearly doubled since 2007, even as its work force in the United States has shrunk through waves of layoffs and buyouts. IBM layoffs Blogs, Comments and Archive News on Economictimes. IBM on Friday said that a refocusing is going on and it will employ more staff in newer and key areas like cognitive cloud computing and added that it had 20,000 open positions. IBM Lays Off Around 5,000 After four years straight of declining revenues, IBM initiated another round of layoffs in March that impacted about 5,000 employees according to the Wall Street Journal. IBM's latest trick: Turning noisy quantum bits into machine learning magic IBM researchers built a pair of algorithms that lay the foundation for the future of machine learning with quantum. -based company isn’t commenting on this latest round of projected layoffs, or whether it involved about 40 workers at IBM’s Hampden Township office at. The loss of jobs comes as the company looks to shift more focus toward the K-12 market. A round of layoffs at IBM would make the vendor only the latest of its peers to trim. Read Breaking News on IBM layoff updated and published at Zee News. dismissed a report stating that massive new layoffs were coming this week for the computing giant. Several news in 2018 reports stated that IBM had intended to cut 10,000 staff from its global workforce and "re-assign another 30,000 to new roles" as part of its restructuring of its global technology services division. said in January it was cutting 5,000 jobs, the first mass layoffs in the company's history, after profit in the latest quarter fell 11 percent to $4. IBM layoff- Get latest news on IBM layoff. Question is, why on Fidelity statement does — read more. Latest News. In a bid to streamline its cloud-computing offerings, Microsoft is planning a major global sales reorganization that is likely to result in thousands of layoffs, reports Bloomberg and The Seattle. Internal competition and a disorganized operating structure have plagued IBM Watson Health since its inception three years ago — ultimately leading to a series of recent layoffs, according to a. It's located on the north side of SouthPointe Pavilions. CTV’s Joanne Schnurr reports. Latest IBM News | Press Releases. Ford Loses $1B to Trump Tariffs, Announces Massive Layoffs Trump's trade war has been estimated to affect 12 percent of Ford employees. dismissed a report stating that massive new layoffs were coming this week for the computing giant. Here are some of the biggest mass layoffs in recent years. Tekla Perry writes: Project Chrome, a massive layoff that IBM is pretending is not a massive layoff, is underway. Nissan to report 90% plunge in profit, double global job cuts to 10,000: Report Jul 24, 2019, 2:45 pm Huawei to invest $4. PHILADELPHIA (AP) — The publishers of The Philadelphia Inquirer, Daily News and Philly. IBM employees get another dose of bad news today as word got out that there would be in excess of 2800 jobs terminated. Several weeks ago, IBM started a round of layoffs that it hopes to have completed by the end of the first quarter and from which it will book approximately $1 billion in charges. ESSEX JUNCTION IBM Corp. A union that is trying to organize workers at IBM is reporting that the company cut more than 2,800 jobs recently, but an IBM spokesman would only confirm that some layoffs have occurred. The Lincoln office IBM has laid off some employees. The company employs about 350,000 people (as of 2018, IBM Annual Report) globally. Share this item with your network:. Some 1,300 workers in IBM Corp. Sources with knowledge of the layoffs said that the number was several dozen, while one online estimate pinned the number as high as 160. IBM confirmed Thursday that its $1 billion "workforce rebalancing" effort is underway, bringing layoffs to company offices around the globe even as the company is spending billions on new business ventures. The layoff rumours are swirling as IBM prepares to release its fourth-quarter 2008 earnings, which are expected later this month. One message states that IBM will announce 16,000 layoffs on Jan. A new round of IBM layoffs took place this week, according to a report. If anyone had checked information readily available from our public earnings statements, or had simply asked us, they would know that IBM has already announced the company has just taken a $600 million charge for workforce rebalancing. But a source with knowledge of the situation said the staff reduction was less than 300, and some key storage personnel remain with the company. IBM joins local peers such as Wipro, Infosys, Cognizant and Tech Mahindra to prune staff as the IT sector. " (There are) no number yet on India job cuts. ‘Making Money with Charles Payne’ host Charles Payne discusses IBM’s strong denial and statement against a report it planned to lay off 26% of its workforce. The Kleberg County Sheriff's Office has released a photo with two persons of interest. Under the agreement AT&T Communications will use IBM's expertise to modernize AT&T Business Solutions' internal software applications, enabling migrations to the IBM Cloud. The Block Crypto has reported that a global IBM layoff has seen some 1,700 positions shorn off its workforce, but that its blockchain division was spared the majority of this decision. IBM Watson Health confirms layoffs. Want to stay on top of the latest business news? Sign up here to get a weekly email on all of VTDigger's reporting on local companies and. com Top Stock Reports for IBM, Texas Instruments & Glaxo 8/20/2018 2:29:00 PM - Zacks. “Algo Risk for Insurance enhances our middle and back office software and services for insurance companies. A round of layoffs at IBM would make the vendor only the latest of its peers to trim workers amid the weak global economy. News Stay informed about the latest enterprise technology news and product updates. In 2014 alone an estimated 10,000 US IBM employees will be out of the company. IBM pays off the press and politicians alike, keeping themselves in a protective bubble of illegal behavior. Read Breaking News on IBM layoff updated and published at Zee News. New York City open-source maker startup LittleBits began to lay off staff last month, TechCrunch has learned. 08PM IST Around 800 employees could be affected in the latest. The best guys in banking made some of the baddest job cuts. IBM Lays Off Thousands, Hudson Valley Hit is keeping a running tally of the layoffs, department by department. The news is from IBM which has gone for layoffs. 9 million of Teva's ADRs. AT&T Layoffs 2019: Job Cuts to Affect Employees in Legacy Units News of the layoffs spread earlier this month By William White , InvestorPlace Writer Jan 29, 2019, 12:34 pm EDT January 29, 2019. It's a company ABC 17 News has been investigating since the first round. "About four years ago, I was laid off from IBM. IBM also said that though the layoff reports were false, the company is planning to re-skill and rebalance its employee workforce. Workers at IBM are reporting that layoffs are hitting Big Blue's workforce in the US and other countries, including employees focusing on analytics, Watson artificial intelligence and cloud computing. COM is India's premier business technology community network. The technology giant has. Layoffs? LexisNexis confirms it's reviewing resources. Line of storms that caused tornado in Texas heading our way tonight. A news conference was held Monday morning in Kleberg to address the latest developments in the murder investigation of James and Michelle Butler. IBM Australia is believed to have cut dozens of staff from its analytics pre-sales and technical support areas over consecutive weeks. Layoffs Coming for Thousands of AT&T Employees here for the latest edition of the Channel March 2019 IF we were still employed with IBM. Apple’s latest launch event shows the limitation. Job cuts are 'on' at IBM. The latest news from IBM. com is an interactive community for layoffs discussion, news and rumors. The company confirmed the layoffs, which were first reported earlier this week by technology reporter Brad Sams, but did. This latest round of global layoffs has been expected since the beginning of the year. IBM layoffs Blogs, Comments and Archive News on Economictimes. According to one estimate, IBM's U. Get all exclusive Breaking News, Chandrayaan 2 News, current headlines, live news, latest news on business, sports, world, and entertainment with exclusive Opinions and Editorials. publication. Online US publication WRAL Tech-Wire reported that the IBM union received multiple emails from employees sacked in India. IBM sent layoff notices to a number of employees last week–just one day after reporting a 12 percent gain in fourth-quarter earnings and issuing an encouraging financial outlook for 2009. 2 billion in 2018. Experts are warning about more job cuts in India, Brazil and the Netherlands in what is termed as 'resource action' by the IBM. Coverage of breaking stories, national and world news, politics, business, science, technology, and extended coverage of major. IBM Labor Union Says More Than 1,600 Job Cuts So Far (IBM) Nearly 500 of the job cuts are said to be in IBM's Systems and Technology Group, LATEST NEWS. Another round of job cuts have come to Big Blue. Some see the job cuts in India as the beginning of this process. The total workforce of IBM comes to 340,000 employees, said a statement. IBM said it would spend USD 1 billion reshuffling the types of jobs it needs in its workforce this year. News Releases. "We have strongly insisted that IBM come clean on the job cuts in every country," Mr Conrad said. After reports surfaced Thursday detailing thousands of job cuts at the company, things got worse when Accenture () delivered a sales forecast that fell. The company did not comment on the number or age breakdown of its job cuts and. 2b in Italy while cutting back US business. " Most analysts have also dismissed the possibility of a layoff on the scale reported by Cringely. COLUMBIA, Mo. Go to NBCNews. 7, 2016 IBM will lay off technical support services staff in the U. In interviews with multiple Verizon employees, the American workers said 44,00o employees are being offered a lucrative severance package to leave the multinational corporation. The Latest news for the marketing & media industries. Skip to Content. IBM employs sveral thousand people at its campus in RTP and across. is laying off about 2,000 employees this week, according to news reports, as the company reshapes its business. Schroeter said IBM would. IBM has started another round of job cuts as part of the layoffs Big Blue announced last month. Management at the company is sadistic - the higher the rank the more perverse. An IBM spokesperson said that rumors of layoffs affecting a third of the U. Latest News. The week has already seen heavy layoffs in. With one employee describing the layoffs as a cost-cutting measure, estimates say Big Blue may have cut as much as 70 percent of its employees. Read all news including political news, current affairs and news headlines online on Lay Off today. As it turns out, only a tiny percentage of the planned layoffs affected IBM's blockchain division. This is despite the fact that IBM CEO Ginni Rometty had publicly proclaimed in a summit that the corporation would hire some 25,000 American workers and spend $1 billion on training over the next four years. The next round of layoffs were expected to start on February 26, last Wednesday, but the rumors are that CEO Ginni. IBM previously has announced layoffs affecting "several thousand people," only "a small fraction" of the number predicted last week by a blogger on Forbes. Ex-IBM employees allege age discrimination, seek to take collective legal action. The Biggest Corporate Layoffs Of All Time. "About four years ago, I was laid off from IBM. The WSJ piece said the planned IBM layoffs show that even profitable companies continue to cut costs— “some of them by taking advantage of cheaper Asian labor. The total workforce of IBM comes to 340,000 employees, said a statement. Another piece from earlier this summer, in IEEE Spectrum, cited a recent round of layoffs at IBM Watson Health as evidence of the challenges of making the cognitive platform profitable. The latest total headcount number for IBM is from 2012: 434,246. IBM Watson Health confirms layoffs. The total layoffs could affect more than 14,000 jobs, according to an estimate by Sanford Bernstein analyst Toni Sacconaghi. The layoffs impact only. The trim comes as IBM seeks to evolve its business through a major acquisition and meet its goal of growing profits.