pre-tax earnings

Black Thursday at Big Blue [UPDATED]

John Paczkowski in News on March 26, 2009 at 7:13 am PT

The ax is indeed swinging at Big Blue. Following reports that it is preparing to cut thousands of jobs in its global services unit, IBM said Thursday it has begun notifying employees of what it likes to euphemistically refer to as “resource actions.” IBM refused to disclose the number of employees affected, but Lee Conrad, spokesman for a union group called Alliance@IBM, said at least 1,674 in the company’s Application Services unit will lose their jobs.

Black Thursday at Big Blue [UPDATED]

John Paczkowski in News on March 26, 2009 at 7:13 am PT

The ax is indeed swinging at Big Blue. Following reports that it is preparing to cut thousands of jobs in its global services unit, IBM said Thursday it has begun notifying employees of what it likes to euphemistically refer to as “resource actions.” IBM refused to disclose the number of employees affected, but Lee Conrad, spokesman for a union group called Alliance@IBM, said at least 1,674 in the company’s Application Services unit will lose their jobs.