IBM conducts secretive job cull
 

The price of taking all those sweeteners from the US government to bolster your business appears to be taking its toll on the ever shrinking Biggish Blue.

IBM needs to make a few job cuts as part of its restructuring, the only problem, according to ComputerWorld that it has taken cash from various US states to provide them with guaranteed jobs.

IBM is not saying how many people it is letting go, in fact it is not even calling them layoffs. Apparently IBM claims that the clams the cuts are part of a "rebalancing" of its workforce as it invest in new technologies.

The website at the Alliance@IBM, part of the Communications Workers of America union, estimates that between 4,000 to 6,000 IBM US jobs may be at risk in the latest move, a figure based on previous job actions and IBM's restructuring goal of $1 billion.

But this week New York Governer Andrew Cuomo announced that IBM had agreed to create new jobs, as well as maintain minimum staffing levels in the state.

Cuomo claimed New York had reached "a major agreement" with IBM to "maintain 3,100 high-tech jobs in the Hudson Valley and surrounding areas. The company has committed to increase its minimum job commitment to the state by 750 jobs, and maintain the 3,100 jobs through the end of 2016.

http://news.techeye.net/business/ibm...etive-job-cull