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dDT

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dDT

Re: None

Monday, 01/26/2015 7:50:53 AM

Monday, January 26, 2015 7:50:53 AM

Post# of 648882
Report: IBM planning massive layoffs; +1.2% premarket

A massive reorganization know as Project Chrome will result in layoffs of more than 110K employees, or 26% of the workforce, writes Robert Cringely, who describes the move as "pure accounting resource action" driven by the C-suite's desire to make the numbers over the next few quarters look good.
Related: IBM Set To Cut 26% Of Workforce (Jan. 26)
IBM +1.2% premarket

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