The US company, which employs around 20,000 people in the UK, confirmed it was preparing for “workforce rebalancing”
Computer giant IBM admitted it is poised to slash thousands of jobs worldwide.
The US company, which employs around 20,000 people in the UK, confirmed it was preparing for “workforce rebalancing” that would lead to the loss of “several thousand” roles.
It refused to go into further detail but said earlier reports that the firm was preparing to axe 111,000 workers – more than a quarter of its 430,000 workers and what would be the largest cull in corporate history – were “ridiculous” and “baseless”.
IBM previously announced huge job cuts in 1993, shedding 60,000 staff.
It last week announced revenues fell 12% to £16billion in the three months to the end of December.
But the firm insisted yesterday it was also taking on new staff despite axing others. It said: “Last year, IBM hired 45,000 people and the company has about 15,000 job openings.”
