The company has said that the cuts will save $1 billion in 2018, after admitting it expects dwindling demand for fossil fuel power plants to continue.
Bolt from the Blue
When the first quarter saw IBM miss earnings expectations for the first time in eight years, questions were raised not just on Big Blue, but the state of the IT industry as a whole.
HP halfway towards 27k layoff target, says Whitman
Hewlett-Packard CEO Meg Whitman said this week that the company has reached the halfway point in its restructuring, with 15,000 employees left …
VMware threatens 900 job losses as growth slows
VMware said Monday it will cut 900 jobs in a move to focus more on high potential businesses, as profits …
Motorola to cut 4,000 staff as it focuses on high-end devices
Motorola Mobility will cut 4,000 employees as the company shifts its emphasis from feature phones to focus on high-end devices, …