Feeds

IBM gets ready to push more UK and Irish bods overboard

Big Blue set to become Somewhat Smaller Blue

New hybrid storage solutions

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". ®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.