IBM is said to be handing out pink slips to a large chunk of its U.S. employee base on Wednesday, according to Bloomberg.
The news agency specified that the cuts will target all levels of seniority from entry-level to the executive suite.
The job cuts come as part of a global restructuring plan that was announced back in April.
IBM is planning to eliminate 1,226 jobs in the region within two years.
At that time, IBM also saw its share price suffer itsfollowing a .
Bloomberg cited analyst forecasts that the Armonk, N.Y.-headquartered corporation will be laying off anywhere between 6,000 and 8,000 employees worldwide -- close to two percent of its total workforce.
The goal is to save approximate $1 billion in expenditures for the company.