Software Services giant IBM is rumored to have silently laid off about 2,800 of its employees in North America. Most of these employees appear to belong to IBM’s software, sales and distribution departments. IBM might layoff more employees at their facilities in Poughkeepsie and East Fishkill, N.Y., and Burlington, Vt., this week. You can read the complete news here.
Sun, keeping its promise of laying off 6,000 employees earlier, has terminated the employment of about 1,300 folks. This restructuring will affect Sun’s offices across the geography and touch people in various cadres, including the Executives. Sun expects to save about $700-800 million every year as a result of this. You can read the complete story here.
These moves reiterate that tougher days are still ahead!
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Article by Ashwin Chandrasekaran
Founder of Thoughts Unlimited. Loves Technology, Mobile Web, Blogging and Internet Marketing. Runs another Blog on Web Business and Internet Marketing at Power Web Business
Ashwin has written 174 awesome articles.
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