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

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