IBM to slash and burn staff

Following lukewarm quarterly financial results last week, reports claim IBM is set to cut over a quarter of its workforce this week.

IBM has currently a workforce of 431,000 people, but Sky News claims  that Forbes’ reporter Robert X Cringely is forecasting the job cuts.

According to Cringely, around 26 percent of IBM will get calls from their managers telling them their jobs are surplus to Big Blue’s requirements. IBM has neither confirmed nor denied the rumours.