Job Cuts

IBM Layoffs in 2009

IBM Layoffs 2009

IBM (NYSE:IBM) once dominated the IT industry, but has fallen short to competitors like Alphabet Inc (NASDAQ:GOOGL), Microsoft Corporation (NASDAQ:MSFT), and Amazon.com, Inc. (NASDAQ:AMZN) since the 2008 global recession. The company had to resort to “workforce rebalancing” frequently after the 2008 recession to make up for over 20 consecutive quarters of revenue decline. Workforce rebalancing (more…)