IBM layoffs affect more than 1,000 employees

IBM layoffs affect more than 1,000 employees

IBM said Thursday that it’s laying off a small percentage of employees, confirming reports that appeared earlier in the day on TheLayoff, an online message board.

A person familiar with the matter said the cuts affect about one-half of 1% of employees.

IBM has more than 340,000 employees, according to its last proxy statement, which means the cuts would affect around 1,700 employees.

https://www.cnbc.com/2019/06/06/ibm-layoffs-affect-more-than-1000-employees.html

the Annual Meeting of Stockholders on Tuesday, April 30, 2019 at 10 a.m. at the Charleston Area Convention Center in Charleston, South Carolina.

https://www.sec.gov/Archives/edgar/data/51143/000110465919013856/a19-2536_1def14a.htm

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