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twitterTech giant cutting jobs
Friday, May 10, 2002 | 11:11 a.m.
NEW YORK -- Reflecting the continued weakness in technology spending and shifts in its mix of businesses, IBM plans to trim its payroll by roughly 9,000 workers by the middle of this year, an industry executive close to the company said Thursday.
The jobs lost will be less than 3 percent of the International Business Machines Corp.'s worldwide work force of 320,000, but most of the cutbacks will come among the company's 160,000 employees in the United States, according to the executive.
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