Oh IBM, what are we going to do with you?

My word, is IBM falling down ?

Gigaom

The week in cloud

The past few weeks were not great for IBM but they did not bring the bloodbath — 110,000 job cuts or about 26 percent of total headcount — predicted by one reporter.

As for the round of layoffs that did kick off [company]IBM[/company] wasn’t officially forthcoming about the number — one insider who requested anonymity said a “few thousand” workers were affected, with costs covered by a previously announced $600 million restructuring charge. And, The Alliance@IBM, a union-affiliated advocacy group for IBM workers, put the tally at 5,000 as of late last week.

The problem is no one thinks this will be the end of cuts at IBM which has thus far managed to avoid the sweeping layoffs HP, for example, has endured over the past few years. And, as political analysts would say, the optics were bad — as long-time IBMers were getting the boot, CEO Ginni Rometty was…

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