Missouri Sees Job Cuts As IBM Restructures

IBM's headquarters are in Armonk, N.Y. | Courtesy of Simon Greig/Flickr
Courtesy of Simon Greig/Flickr

IBM has begun laying off workers in Missouri and six other states as part of a $1 billion restructuring for the Armonk, N.Y.-based technology company.

The dismissal of workers is part of an effort to help the company meet profit goals as it adapts to shifts in the technology industry. IBM had a headcount of 431,212 at the end of 2013, but this year’s job cuts could lead to the elimination of at least 13,000 employees.

“IBM continues to rebalance its workforce to meet the changing requirements of its clients and to pioneer new, high-value segments of the IT industry,” IBM chief executive Ginni Rometty said. “At any given time, IBM has more than 3,000 job openings in its growth units, including its cloud business and nanotechnology.”

Read more from Bloomberg



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