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May 22, 2020 02:45 pm

IBM Is Latest Tech Giant To Cut Jobs in Midst of Pandemic

IBM cut an unspecified number of jobs across the U.S., eliminating employees in at least five states. The company declined to comment on the total number, but the workforce reductions appear far-reaching. From a report: "IBM's work in a highly competitive marketplace requires flexibility to constantly add high-value skills to our workforce. While we always consider the current environment, IBM's workforce decisions are in the interest of the long-term health of our business," company spokesman Ed Barbini said Thursday in a statement. "Recognizing the unique and difficult situation this business decision may create for some of our employees, IBM is offering subsidized medical coverage to all affected U.S. employees through June 2021." Based on a review of IBM internal communications on the Slack corporate messaging service, the number of affected employees is likely to be in the thousands, said a North Carolina-based worker who lost his job along with his entire team of 12. "This was far ranging -- and historical employment ratings, age and seniority did not seem to matter," he said. The person asked not to be identified on concern that speaking publicly may impact his severance package.

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