In his report on Project Chrome, Cringely says that those affected by the cuts "will all be gone by the end of February". He said that while there would be a significant number of jobs lost in the US, the axe would fall on all of IBM's locations around the world.
IBM's problems stem from the fact that customers are moving their storage infrastructure to the cloud, meaning they no longer need physical data centres on site and therefore don't need service contracts with IBM to help maintain them - a business which accounts for two-thirds of IBM's revenue.
In light of all these financial issues and job culling, it was announced that Rometty would be pocketing a $4.5 million bonus plus millions in company stock for her performance in 2015.
http://www.ibtimes.co.uk/ibm-cut-more-111000-jobs-this-week-largest-corporate-lay-off-ever-1485128
IBM's problems stem from the fact that customers are moving their storage infrastructure to the cloud, meaning they no longer need physical data centres on site and therefore don't need service contracts with IBM to help maintain them - a business which accounts for two-thirds of IBM's revenue.
In light of all these financial issues and job culling, it was announced that Rometty would be pocketing a $4.5 million bonus plus millions in company stock for her performance in 2015.
http://www.ibtimes.co.uk/ibm-cut-more-111000-jobs-this-week-largest-corporate-lay-off-ever-1485128