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The major RTP employer declined to share how many local workers are affected by the company’s latest restructuring.
As IBM makes a broad shift in strategy, Bloomberg reported this morning that the company would be cutting around 10,000 jobs in Europe. While IBM wouldn't confirm the layoffs, a spokesperson ...
Layoffs.fyi, a website that dutifully tracks job cutting, shows that 263,000 tech employees were cut in 2023 alone. Only 11 days into 2024, there have been 24 tech companies that have laid off a ...
IBM is an American technology company that employs 300,000 people across 170 countries, primarily in the United States and India. IBM's low union density and limited union recognition is attributed to a corporate culture, that emphasizes highly individualized relationships between managers and their direct reports, and proactive avoidance of unions when managers become aware of union ...
The Worker Adjustment and Retraining Notification Act of 1988 (the "WARN Act") is a U.S. labor law that protects employees, their families, and communities by requiring most employers with 100 or more employees to provide notification 60 calendar days in advance of planned closings and mass layoffs of employees. [1]
April 2012 – IBM sells its Retail Store Solutions division (Point-of-Sales) to Toshiba TEC [222] January 2014 – IBM sells its IBM System x business to Lenovo for $2.3 billion. [223] October 2014 – IBM sells its Microelectronics (semiconductor) branch to GlobalFoundries. IBM will pay GlobalFoundries $1.5 billion over 3 years to take over ...
2023 saw more layoffs than previous years, with 240,000 jobs cut in the tech industry alone -- a 50% jump from the prior year, according to data from TechCrunch.com. A number of factors led to ...
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