|Dated today 3/25 at around noon EDT.|
from The Wall Street Journal
IBM is expected to inform a large number of U.S. employees in its global-services unit that their jobs are being eliminated, with some of the work being shifted to IBM employees in India. The planned cuts show that even companies that are successfully navigating the global recession are continuing to slash costs--some of them by taking advantage of cheaper Asian labor.
It couldn't be determined how many people are losing their jobs in the IBM action. IBM typically avoids public disclosure of layoffs, and a spokesman declined comment on the plan.