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IBM Says Layoffs Reports Were Overblown

  • Reuters, Tuesday, January 27, 2015 10:53 AM

IBM said is not cutting 26 percent of its workforce, despite a Forbes magazine report claiming that it is preparing to do so. The company did admit that it is cutting jobs but claims that it would be a much smaller layoff than reported. The company did not disclose if any of those layoffs would come from its marketing services divisions.

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