Advertisement
U.S. markets open in 3 hours 55 minutes
  • S&P Futures

    5,209.50
    -5.25 (-0.10%)
     
  • Dow Futures

    39,192.00
    -31.00 (-0.08%)
     
  • Nasdaq Futures

    18,210.50
    -21.00 (-0.12%)
     
  • Russell 2000 Futures

    2,043.10
    -6.70 (-0.33%)
     
  • Crude Oil

    82.48
    -0.24 (-0.29%)
     
  • Gold

    2,155.60
    -8.70 (-0.40%)
     
  • Silver

    25.09
    -0.17 (-0.67%)
     
  • EUR/USD

    1.0847
    -0.0029 (-0.27%)
     
  • 10-Yr Bond

    4.3400
    0.0000 (0.00%)
     
  • Vix

    14.54
    +0.21 (+1.47%)
     
  • GBP/USD

    1.2680
    -0.0049 (-0.38%)
     
  • USD/JPY

    150.6190
    +1.5210 (+1.02%)
     
  • Bitcoin USD

    63,823.81
    -4,238.22 (-6.23%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,715.09
    -7.46 (-0.10%)
     
  • Nikkei 225

    40,003.60
    +263.20 (+0.66%)
     

IBM dismisses Forbes report of massive layoffs

A worker is pictured behind a logo at the IBM stand on the CeBIT computer fair in Hanover February 26, 2011. REUTERS/Tobias Schwarz

SEATTLE (Reuters) - An IBM (IBM.N) spokesman dismissed a Forbes magazine report claiming the technology giant was preparing to cut about 26 percent of its workforce.

IBM is in the process of layoffs, as disclosed in its latest earnings report last week, but it will affect "several thousand" employees only, according to an emailed statement from IBM to Reuters.

(Reporting by Bill Rigby; Editing by Bernadette Baum)

Advertisement