Feeds

IBM gets ready to push more UK and Irish bods overboard

Big Blue set to become Somewhat Smaller Blue

Top 10 endpoint backup mistakes

Exclusive IBM has started a 45-day consultation on letting up to 270 people go from its UK and Ireland operations.

Sources have told The Register that Big Blue is once more readying the axe for employees in Blighty, adding to rounds of layoffs that have seen over 6,000 workers sacked globally since 2009.

An IBM spokesperson confirmed that the firm was looking into redundancies.

"IBM has begun a consultation process in part of its UK business. Given the competitive nature of our business, we do not publicly discuss the details of staffing plans," they said by email.

The sources say that IBM's eye is on its software division and its Systems Technology Group (STG) as potential areas from which to lose staff.

Big Blue's CFO Mark Loughridge told analysts during an earnings call on the first quarter of this year that revenues in the STG fell 17 per cent to $3.11bn and the group posted a loss of $405m.

"There are parts of our business that are in transition or have been under-performing like elements of our Power X and storage product lines that showed disappointing performance in the first quarter. Here we’re going to take substantial actions," he said at the time.

"Given our first quarter performance," Loughridge said during the earnings call, "we now expect to take the bulk of our workforce rebalancing actions for the year in the second quarter, as opposed to last year when it was distributed across the quarters."

In response to analysts' questions, he said that the firm expected "workforce rebalancing" charges to be closer to $1bn this year, compared to $800m last year and that the "bulk of the charge would be outside the US". ®

A new approach to endpoint data protection

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?