IBM has announced plans to cut 5,000 jobs mosting in its global services business. This cut would equal about 4% of it’s US workforce. The company has been growing in emerging countries such as Brazil, Russia, India and China in recent history. Most of the cuts will be directed to it’s consulting and outsourcing business units.
Caterpillar Cut’s Jobs
March 26, 2009 — Colione
Caterpillar is set to cut just over 2,400 more jobs in Illinois, Georgia and Indiana bringing this years cuts to over 24,000. In January, the company offered early retirement packages for 2,000 workers.
More Job Cuts
December 22, 2008 — ColioneSovereign Bank (Banking) and Electronic Arts (Video Games) each announced they were cuttting 1,000 positions. EA, which is a video game maker, announced it will close nine offices as part of the layoff announcement. Both companies blamed the recession.
Bank of America to cut 35,000 jobs
December 12, 2008 — ColioneBank of America announced plans to cut 35,000 jobs over the next three years. Blamed on they recent acquisition of Meryll Lynch, but also due to economic pressure, the cuts will affect all line of the business.
