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IBM Confirms Layoffs

Engadget found this 1/26/2009 on pcworld.com

Despite releasing stronger than expected earnings on Tuesday and at the time expressing optimism for 2009, a round of job cuts is underway at IBM Corp. The week has already seen heavy layoffs in the IT sector, including 5,000 at Microsoft and another 5,000 to 6,000 at Intel. Thus far, while IBM ...