IBM lays off 100 workers
IBM announced Friday that it had laid off 100 employees at its Silicon Valley Laboratory in San Jose, part of the company's efforts to shed 10,000 to 13,000 jobs worldwide.
Laboratory employees mainly focus on software development, according to spokesman Jay Cadmus. But IBM has also laid off about 100 more employees at other valley facilities in recent weeks, Cadmus said. Those employees worked in the global services, sales and distribution and procurement divisions, he said.
IBM had approximately 7,000 employees in the valley -- and 329,000 worldwide -- before the layoffs, Cadmus said. Most of the job cuts are targeted for Europe, and it's not clear if more layoffs are expected locally.
The recent layoffs are intended "to reduce our cost structure and to make sure that we have a portfolio of skills and resources that match what our clients need from us," Cadmus said.