IBM workforce declined 12 per cent in 2014; losses tied to corporate divestitures
IBM's global workforce declined 1212 per cent last year, with most of the decrease due to corporate divestitures.
IBM's global workforce declined 1212 per cent last year, with most of the decrease due to corporate divestitures.
IBM's plan to transfer its semiconductor manufacturing business to GlobalFoundries faces a government review over national security implications. It has the potential of being complicated because of IBM's role as a defense supplier.
IBM's decision to get out of the semiconductor manufacturing business may be of little consequence in a post-silicon world.
IBM will sell the semiconductor technologies unit that makes its Power processors to GlobalFoundries, paying the chip manufacturer about US$1.3 billion to take two factories off its hands in a move to save money.
Under pressure to boost margins, IBM is set to make what it calls a "major business announcement" Monday morning, raising the possibility that it has finalized a deal to transfer chip-making operations to GlobalFoundries.