IBM says it will be cutting 1,400 jobs in its global technology office, as the company struggles with the fallout from the Deepwater Horizon oil spill
IBM says 1,401 people will be laid off as a result of the Deepsea Horizon oil leak and another 500 in a further wave of layoffs.
The tech giant announced the cuts in a statement Thursday.
The company says that 1,405 jobs will be lost globally, while 1,375 jobs will remain in the United States.
The cuts are being announced at IBM’s annual meeting in San Francisco.IBM also says it is cutting another 100 jobs globally in a bid to reduce costs.
The cuts will come from two areas: the cloud, and software development.IBI announced last week that it will shutter its global operations in 2019 and 2020.
That announcement followed a spate of corporate bankruptcies and massive job losses at the company.