SUBSCRIBE

IBM to cut 20,000 more jobs "HC QLB

THE BALTIMORE SUN

IBM said yesterday it would cut 20,000 jobs next year and take a $3 billion accounting charge against fourth-quarter earnings to pay for the voluntary severances and other costs.

Under a previously announced program, the world's largest computer-maker plans to eliminate about 20,000 jobs this year as it struggles to boost its sagging profits. IBM will employ about 333,000 after these two job reductions.

' Details on Page 8C

Copyright © 2021, The Baltimore Sun, a Baltimore Sun Media Group publication | Place an Ad

You've reached your monthly free article limit.

Get Unlimited Digital Access

4 weeks for only 99¢
Subscribe Now

Cancel Anytime

Already have digital access? Log in

Log out

Print subscriber? Activate digital access