Reply #11: UPDATE 2-IBM to cut 5,000 jobs in U.S. - sources

[ozymandius]

NEW YORK, March 25 (Reuters) - IBM (IBM.N) will cut about 5,000 jobs in the United States, adding to similarly large cuts in the past few months, sources with knowledge of the matter told Reuters on Wednesday.

The job cuts will account for over 4 percent of IBM's U.S. workforce, which totaled around 115,000 at the end of 2008. The sources, who were not authorized to speak publicly on the issue, said the cuts will mostly be in IBM's global services business, which includes outsourcing and consulting services.

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IBM has been hit by slower U.S. technology spending, and its fourth-quarter revenue fell 6.4 percent from a year ago, although it has fared better than many rivals thanks to its global footprint and a decreased emphasis on hardware sales.

http://www.reuters.com/article/rbssTechMediaTelecomNews/idUSN2532180520090325