International Business Machines Corporation, abbreviated IBM and nicknamed "Big Blue" (for its official corporate color), is
New Delhi: IBM, the world's largest computer services provider, has initiated a global restructuring plan by laying-off almost 2,800 employees in North America so far and more job cuts are in offing in other nations like India. The restructuring plan announced in April after releasing disappointing first-quarter results will cost IBM $1 billion worldwide, including severance expenses.
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