IBM To Cut 15,000 Jobs Globally, Lay-Offs 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.

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

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

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