IoT
Business & Finance
News
9/26/2003
12:59 PM
50%
50%

IBM Confirms 400 Job Cuts

The vendor says it's part of an overall skills-rebalancing effort.

An IBM spokesman today confirmed that the company will cut about 400 jobs, or about 1% of staff, in its software group. The cuts include a number of sales and marketing positions at IBM software facilities in Somers, N.Y., Cupertino, Calif., and Austin, Texas, where IBM's Tivoli software unit is based.

An IBM spokesman said the cuts were part an overall skills-rebalancing effort within the group and don't reflect a broader cost-cutting initiative within the group. IBM's software revenue increased 6% year-over-year to $3.5 billion in the second quarter.

Comment  | 
Print  | 
More Insights
Register for InformationWeek Newsletters
White Papers
Current Issue
How to Knock Down Barriers to Effective Risk Management
Risk management today is a hodgepodge of systems, siloed approaches, and poor data collection practices. That isn't how it should be.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.