“International Business Machines Corp. (IBM), the world’s largest computer-services provider, began cutting U.S. jobs today as part of a global restructuring plan announced in April. The reduction targets employees with a range of seniority, from rank-and-file staff to executives. Some U.S. workers began to receive notifications of the cuts last night, according to Lee Conrad, a coordinator for Alliance@IBM, an employee group. The restructuring will cost $1 billion worldwide, including severance expenses. The company is probably cutting 6,000 to 8,000 jobs globally, based on the $1 billion cost figure.”
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