IBM says firing report factually incorrect, govt too allays layoff fears

IBM

Latest News – Tech giant IBM on Wednesday clarified that the company is not firing 5,000 employees and the media reports regarding the same were factually incorrect.

Business Standard on Tuesday had said the the company was laying off 5,000 employees in India, joining the league of Cognizant, Infosys and Wipro in pruning staff as the IT sector faces technology shifts towards automation, and from manning legacy system to digital and cloud..

IBM also said that it was continuing to re-skill and rebalance its employee workforce.

“This is factually incorrect. We are not going to comment further on rumours and speculation. Re-skilling and rebalancing is an ongoing process as we accelerate the benefits of cognitive and cloud technologies for clients around the world,” a spokesperson for IBM said in an email.

Economic Times reported that when IBM had sacked 200 employees in a business unit last year, it had done so in a staggered manner over six months.

However, Financial Express reported that IBM India’s performance -ased appraisal exercise of its employees is likely to impact around 1-2 per cent of its total employee strength.

IBM India has an estimated (Read More)

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