IBM to cut up to 13,000 jobs
Hardware Brief

IBM to cut up to 13,000 jobs

International Business Machines said Wednesday it would cut between 10,000 and 13,000 jobs and record a pre-tax charge of between $1.3 billion and $1.7 billion in the second quarter.

IBM surprised investors last month when it missed first-quarter earnings estimates by 5 cents a share. When it reported earnings, the chief financial officer Mark Loughridge said the company would take a "sizable restructuring."

Read the complete story. (AP)