Layoffs are being made at IBM, workers and union report [View all]

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http://wraltechwire.com/business/tech_wire/wire/story/10784152/

Job cuts are underway at IBM (NYSE: IBM), workers and the union seeking to represent Big Blue workers are saying.

Based on the amount of information being sent directly to union officials, they estimated that “at least seven to eight business units” are being “hit” and that the job cuts could “build up into the thousands.”

A corporate spokesperson for IBM confirmed that a "rebalancing" was underway but declined to provide specific numbers.

"IBM is constantly rebalancing its workforce," he said in response to a query from WRAL.

"That means reducing in some areas and hiring in others - based on shifts in technology and client demand. This flexibility allows IBM to remain competitive and relevant in an industry that is constantly changing. And given the competitive nature of our business, we do not publicly discuss the details of our staffing plans."