IBM has announced that it is cutting more than 15,600 jobs, or five per cent of its global workforce.
More than 14,213 staff at IBM's Global Services unit are to go, along with workers in its server and software businesses. Other jobs will go from its microelectronics division, which manufactures semiconductors.
The company said in a press release that the cuts were due to "the recent decline in corporate spending on technology services".
A spokeswoman explained that the reductions are intended to drive productivity and efficiency throughout the company.
By 30 September, when most of the laid-off workers are expected to have departed, Big Blue's workforce will have been cut from 320,000 to around 305,000.
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