IBM lays off 1,100 in North America
by Canadian Press
Employees are reporting cuts made across business segments in the U.S. and some parts of Canada.
Armonk, N.Y.—IBM Corp. has laid off roughly 1,100 workers in North America this week according to a union organizing group.
Lee Conrad, national co-ordinator at Alliance(at)IBM, said that employees are reporting that the cuts have been made across business segments in the U.S. and some parts of Canada.
Alliance(at)IBM, which is affiliated with the Communication Workers of America, is not a recognized union at IBM, but has been trying to organize employees.
IBM did not immediately respond to phone calls for comment. The company, based in Armonk, N.Y., is the world’s largest computer-services provider. It employed 433,362 worldwide as of Dec. 31, according to regulatory filings.
IBM reported in January fourth-quarter earnings that beat expectations on stronger revenue and improved margins. For all of 2011, IBM earned $15.86 billion, up seven per cent from 2010.
It also raised its outlook for 2012.