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IBM to fire 5,000 US workers, India to gain
March 26, 2009
Foreign workers accounted for 71 per cent of Big Blue's nearly 400,000 employees at the start of the year, up from about 65 per cent in 2006, The Wall Street Journal said.
The latest round of cuts target the company's global business-services unit, which does everything from running corporate data centers to managing human resources for clients like Procter and Gamble, the paper reported.
Image: A jobseeker, with a sign strapped to his back, tries to attract the attention of potential employers as he hands out resumes.| Photograph: Mark Blinch/Reuters.
Also read: Hiring: Indian firms still most bullish
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