IBM to layoff 'more than a couple of thousand' people
Poster: Aron Schatz
Posted on May 9, 2002 at 11:41:01 PM
That's the story on News.com. Funny how IBM considers it only 'some layoffs'.
Word of the potential layoffs follows an across-the-board slowdown in business during the company's first quarter. The slowdown hurt sales of most of IBM's main products--everything from servers to services--and caused analysts to revise their IBM earnings outlooks for the rest of the year. IBM did meet lowered expectations for the quarter, but the company gave little in the way of estimates for the rest of the year.
Word of the potential layoffs follows an across-the-board slowdown in business during the company's first quarter. The slowdown hurt sales of most of IBM's main products--everything from servers to services--and caused analysts to revise their IBM earnings outlooks for the rest of the year. IBM did meet lowered expectations for the quarter, but the company gave little in the way of estimates for the rest of the year.