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IBM to fire 5,000 US workers, India to gain

March 26, 2009

Some of the jobs are being eliminated because customers have ended contracts or the company has automated tasks.

But employees were quoted as saying in many cases that they have been training IBM workers from India to do work that will now be moved overseas.

An IBM spokesman, the paper said, declined to comment. The company has said it expects to spend about $300 million to $400 million on severance-related charges this year, with most of it in the first half.

Image: IBM chairman and CEO Samuel Palmisano. | Photograph: Claro Cortes/Reuters.

Also read: Workplace: Now, it's survival of the fittest
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