Story image

As 7,500 jobs go to Lenovo, IBM continues “workforce rebalancing”

29 Jan 2014

Following news that 7,500 IBM workers will join forces with Lenovo in the company’s newly acquired x86 server business, the tech giant has revealed more cuts could be on the way.

After agreeing to pay US$2.3bn for the IBM division, Lenovo will also acquire thousands of employees as part of the deal.

“Approximately 7,500 IBM employees around the world, including those based at major locations such as Raleigh, Shanghai, Shenzhen and Taipei, are expected to be offered employment by Lenovo,” IBM reported last week.

Yet the jobs shift may not be the last for IBM, who admit they are in the process of a $1bn “workforce rebalancing” plan.

“As we noted the call, because we are going to be taking our workforce rebalancing charges earlier than we did last year, it will be in the first quarter, so on a on a full-year basis, there won’t be any year-to-year impact,” Martin Schroeter, CFO, IBM told analysts.

“We do expect that will be about $US1 billion again same as last year, plus or minus $US100 million.”

The news comes after CEO Ginni Rometty revealed the company’s top earners will not receive their 2013 bonuses following a declining year of revenue.

LogRhythm releases cloud-based SIEM solution
LogRhythm Cloud provides the same feature set and user experience as its on-prem experience.
IGEL & ControlUp bring analytics to endpoints everywhere
The strategic partnership allows IGEL to integrate with ControlUp’s real-time monitoring and analytics capabilities via the IGEL Universal Management Suite (UMS).
Nutanix evolves multicloud offerings
Nutanix has expanded its multicloud solutions portfolio to further evolve its offerings across public and private cloud.
Bluzelle launches data delivery network to futureproof the edge
“Currently applications are limited to data caching technologies that require complex configuration and management of 10+ year old technology constrained to a few data centers."
Exploring the different needs for cloud services across Europe
Although digital transformation is happening across Europe, each country continues to have its own IT needs and the different cloud markets highlight this.
Trend Micro introduces cloud and container workload security offering
Container security capabilities added to Trend Micro Deep Security have elevated protection across the DevOps lifecycle and runtime stack.
Veeam joins the ranks of $1bil-revenue software companies
It’s also marked a milestone of 350,000 customers and outlined how it will begin the next stage of its growth.
Veeam enables secondary storage solutions with technology partner program
Veeam has worked with its strategic technology alliance partners to provide flexible deployment options for customers that have continually led to tighter levels of integration.