NEW YORK (CNN/Money) - IBM on Tuesday said the total number of employees who lost their jobs as a result of its cost cutting efforts in the second quarter exceeded 15,600, more than twice what some company watchers had estimated.
The tech titan disclosed that number in its comprehensive quarterly financial statement filed with the Securities and Exchange Commission.
IBM, the world's largest supplier of computer hardware and information technology services, said the bulk of the job cuts were in its Global Services division, where most of 14,213 jobs. Another 1,400 cuts will come from its Microelectronics business, IBM said.
About 57 percent of those laid off had left the company as of June 30. The remaining 43 percent will be off the payroll by Sept. 30, IBM said in the filing.
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The tech titan disclosed that number in its comprehensive quarterly financial statement filed with the Securities and Exchange Commission.
IBM, the world's largest supplier of computer hardware and information technology services, said the bulk of the job cuts were in its Global Services division, where most of 14,213 jobs. Another 1,400 cuts will come from its Microelectronics business, IBM said.
About 57 percent of those laid off had left the company as of June 30. The remaining 43 percent will be off the payroll by Sept. 30, IBM said in the filing.
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