Google to Lay Off 200 Employees

 

 

Make it official: Google‘s not immune from the bad economy and plummeting ad market. We’ve been hearing for weeks that Google would have layoffs. Google is cutting 200 employees today, the company now confirms.

Google executive Omid Kordestani, the company’s sales chief, wrote in the offiicial Google blog that cuts are concentrated in Google’s sales and marketing operations, as tipsters told us earlier, Continue reading

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5,000 cuts coming to IBM

 

 

 

* Latest round hits more than 4 pct of U.S. workforce

 

* Job cuts mostly in IBM’s global services business

 

* Shares close down 0.42 pct (Adds analyst comment, details on IBM’s recent results)

 

NEW YORK, March 25 (Reuters) – IBM (IBM.N) will cut about 5,000 jobs in the United States, adding to similarly large cuts in the past few months, sources with knowledge of the matter told Reuters on Wednesday. Continue reading