BREAKING NEWS

IBM Israel to fire 100 employees

By GLOBES/SHMULIK SHELACH

JUNE 3, 2013 04:35

IBM Israel Ltd. is firing 100 of its 2,000 employees, it announced. The employees who were informed that they are losing their jobs work in sales and marketing. The extent of the layoffs is not large in terms of IBM Corporation’s size, but it is unusual and is part of the company’s effort to rebalance its workforce, as its CFO described it in a conference call in late April.

IBM Israel, run by general manager Ricky Kaplan, has been outsourcing overseas many administrative activities, resulting in a slow but steady loss of jobs. IBM Corporation, which focuses on profits because of its lack of growth, is constantly streamlining. The layoffs in Israel are apparently tied to these developments.

IBM Corporation is usually very cagey about the number of workers who will be fired as part of layoffs. The company, which has 430,000 employees worldwide, recently said it would spend $1 billion in the second quarter on cutbacks to improve its financial performance.

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