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IBM to reassign 30 percent of Global Services staff in 2018 - The Register

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(Reuters) - International Machines Corp plans to reassign up to 30 percent of the 103,000 staff in its computer service delivery this year with job cuts through attrition of around 10,000, website reported on Thursday, citing unnamed company insiders.

"We do not comment on speculation," an said, asked about the report.

published a slide it said was from an internal document, which showed 10,100 classified as "attrition w/o backfill". (http://bit.ly/2D0YMkl)

According to the report, was hired to help review IBM's Global Services unit.

The "projected headcount impact of 2018 actions" include 10,900 from the U.

S. and 20,000 across the globe in IBM's Client Innovation Centres, according to the report.

"Many consultants recommend things to IBM, many of which remain merely recommendations," said.

IBM, one of the world's original PC producers but now a diversified company, beat expectations for revenue in its last quarterly results in October after 22 straight quarters of declines.

Shares of were little changed.

(Reporting by in Frankfurt and Aishwarya Venugopal in Bengaluru; Writing by Patrick Graham; Editing by and Shounak Dasgupta)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 22:29 IST
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