Reports Detail Massive US Layoffs At IBM

One laid-off employee was reportedly told that one-third of the company's U.S. workforce could be on the chopping block.

(AP Photo)
(AP Photo)

IBM is implementing sweeping layoffs this month amid an ongoing strategic overhaul, according to numerous reports.

The New York-based tech company did not disclose the amount of job cuts, but IEEE Spectrum cited one laid-off employee who was reportedly told that one-third of the company's U.S. workforce could be on the chopping block.

The company touted 70,000 people hired during 2015 and said it currently lists 25,000 open positions, but IBM let similar numbers go last year as it turned its focus to cloud computing.

(AP Photo)(AP Photo)

A report from International Business Times said that many of the affected positions would likely be outsourced to lower-wage nations such as India, Brazil and Hungary.

In addition, the latest round of layoffs comes following a dramatic cut in IBM's severance packages from six months to one month.

The company's global workforce reportedly totaled 378,000 as of 2015.

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