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IBM laying off workers as high profits are posted

Research Triangle Park, N.C. — Less than 24 hours after IBM reported profits that far exceeded Wall Street expectations, Big Blue began a series of layoffs across the company in North America on Wednesday.

There have been rumors of layoffs hitting as many as 16,000 – a number predicted by one Wall Street analyst, the union and some IBM employees…

IBM begins layoffs, won’t say how many

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