Following lukewarm quarterly financial results last week, reports claim IBM is set to cut over a quarter of its workforce this week.IBM has currently a workforce of 431,000 people, but Sky News claims that Forbes’ reporter Robert X Cringely is forecasting the job cuts.
According to Cringely, around 26 percent of IBM will get calls from their managers telling them their jobs are surplus to Big Blue’s requirements.
IBM has neither confirmed nor denied the rumours.
The report claims that the reorganisation is called Project Chrome, and the majority of people losing their jobs will be in the USA.
IBM has been re-engineering its business and last year sold its X86 server business to Chinese giant Lenovo.
It has also been focusing more and more on cloud computing, in an attempt to trim costs and position itself as a market leader.
