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IBM to lay off 15,000 employees worldwide, to start from Bangalore

New Delhi: Technology giant IBM has started a restructuring process, which would see as many as 15,000 jobs being cut globally, including India, Brazil and the European region."The estimate of jobs cut globally is 15,000,"

PTI [ Updated: February 15, 2014 16:43 IST ]
ibm to lay off 15 000 employees worldwide to start from
ibm to lay off 15 000 employees worldwide to start from bangalore

New Delhi: Technology giant IBM has started a restructuring process, which would see as many as 15,000 jobs being cut globally, including India, Brazil and the European region.


"The estimate of jobs cut globally is 15,000," International Coordinator at the Alliance@IBM (official IBM employees union) Lee Conrad told PTI.

Last month, the US-based firm had said its top executives will forego their bonuses and the company will initiate a USD one billion restructuring programme in the Q1 2014 as it grapples with declining sales of servers and storage systems.

Though the exact number of job cuts in each of the geographies is not clear, the impact could be huge in India as IBM has over one lakh employees in the country.

Globally, IBM employs over 4 lakh people.

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