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http://www.macnn.com/articles/02/08/14/ibm.cuts/

IBM cuts 15,600 jobs

updated 11:35 am EDT, Wed August 14, 2002

 
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IBM Corp. revealed that it is slashing about 15,600 workers, or about 5% of its total work force, according to a Nando Times article. The announcement was not made public, but rather disclosed with the Securities and Exchange Commission on Tuesday. Employees that were laid off were notified during the second quarter, which ended June 30. IBM blamed the layoffs on "the recent decline in corporate spending on technology services".


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  1. MacNN.com Reader

    Fresh-Faced Recruit

    Joined: Jul 2001

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    08/14, 12:31pm | report spam | Reply |

    Funny

    Funny how news about IBM makes it onto a Mac news site. Great expectations, we all have. Come on G5...

  1. MacNN.com Reader

    Fresh-Faced Recruit

    Joined: Jul 2001

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    08/14, 12:33pm | report spam | Reply |

    How odd...

    Apparently making chips for Apple is a kiss of death? First Moto, and now this...

  1. MacNN.com Reader

    Fresh-Faced Recruit

    Joined: Jul 2001

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    08/14, 12:52pm | report spam | Reply |

    yeah, but

    this is primarily their services division..

  1. jerome

    Dedicated MacNNer

    Joined: Oct 2001

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    08/14, 01:11pm | report spam | Reply |

    Nothing to be afraid of

    Is there one computer company that didn't have to slack employees lately? It's just that IBM is a very very big computer company. Don't worry, we'll have our G5!

  1. MacNN.com Reader

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    Joined: Jul 2001

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    08/14, 01:19pm | report spam | Reply |

    Re: Nothing to be afraid

    Don't worry, we'll have our G5!

    Sure, but that'll be in 5 years, and it'll be only 2GHz, when Intel and AMD will be at 60GHz. And it'll probably have some of that new-fangled stuff in there, like RDram, 200MHz bus, USB2, Firewire 1.5, AGP 8x, and....oh, sorry, don't know what came over me. Reading all the whining about yesterday's machines must be getting to me...

  1. roehlstation

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    08/14, 02:09pm | report spam | Reply |

    Sky is falling

    That is only 4% of their workforce. Probably redundant positions.

  1. MacNN.com Reader

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    08/14, 05:01pm | report spam | Reply |

    Who would want

    Who would want RDRAM?
    Some PC bozo only.

    G5 whiners apply at the Gateway counter for your cow.

  1. MacNN.com Reader

    Fresh-Faced Recruit

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    08/15, 12:56am | report spam | Reply |

    Services?

    Why would they buy another service company if they are losing money with the one they have?

  1. MacNN.com Reader

    Fresh-Faced Recruit

    Joined: Jul 2001

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    08/15, 04:41am | report spam | Reply |

    Just Ask Sam

    If you want more info on this or the possibly G5, just ask Sam Palmisano, the President and CEO of IBM.

    sam@us.ibm.com
    ext phone 1-914-499-5900
    fax 1-914-499-5904
    assistant Matha Mansa

    New Orchard Road
    Armonk, NY 10504
    Office 3B18N3
    Building CHQ1

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