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ECT News Community   »   E-Commerce Times Talkback   »   IBM layoffs could top 50,000 according to May 13 Report



IBM layoffs could top 50,000 according to May 13 Report
Posted by Horus on 2002-08-14 16:14:46
In reply to Teri Robinson
Investor's Business Daily reported on 13 May 2002 (page A4) that "IBM sources" stated the 8-10K layoffs are "low-ball estimates" and that "anywhere from 15,000 to 50,000 employees may be dumped before the downsizing is over." It also reports that "Severance pay in the upcoming layoffs will be tight."




 * Topic  Author  Date
Re: IBM Discloses 15,000 Layoffs  Teri Robinson  2002-08-14 15:54:09
IBM layoffs could top 50,000 according to May 13 Report  Horus  2002-08-14 16:14:46
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