IBM Layoffs Continue

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International Business Machines Corp. this week quietly laid off employees, continuing a wave of job cuts the company announced in April.

IBM declined to say how many jobs would be cut overall. The total layoffs could affect more than 14,000 jobs, according to an estimate by Stanford Bernstein analyst Toni Sacconaghi.

The job cuts come after four straight years of declining revenues as the rise of cloud computing threatens its software and services business. IBM has said it would restructure its workforce to retool for cloud services and data analysis, and could hire an equal number of new employees by the end of the year.

IBM is continuing to cut employees as it reshapes its workforce. ENLARGE
IBM is continuing to cut employees as it reshapes its workforce. Photo: Associated Press

The company said on Friday it had more than 20,000 open positions. Two employees reached Friday said that IBM’s internal job-search tool listed between 7,000 and 8,000 open positions.

IBM’s last round of layoffs, which affected less than 5,000 employees, came in March.

“Their initiatives aren’t going as fast as they’d like them to and it’s affecting their revenue more than they thought,” said one IBM employee affected by this week’s layoffs who requested anonymity because the employee is still with the company.

This week’s cuts affected workers in the Research Triangle of North Carolina; New York City; Poughkeepsie, N.Y.; and Boulder, Colo. Some positions are being moved to places like India and Costa Rica, according to workers affected by this week’s cuts.

Earlier in the week, IBM said it would close its 70-acre Somers, N.Y., campus and move those jobs to a facility in North Castle, New York. 

The company’s total workforce was 377,757 at the end of 2015.

Robert McMillan at Robert.Mcmillan@wsj.com



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