IBM Australia cuts jobs amid disappointing financial results

IBM Australia cuts jobs amid disappointing financial results

Summary: Up to 1,500 jobs are set to be moved offshore as part of a global restructure of IBM Australia.

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TOPICS: IBM, Australia
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IBM Australia is reportedly set to cull up to 1,500 staff members as part of a global restructure plan announced in April.

The IT vendor experienced less-than-stellar first-quarter financial results earlier this year, and has already cut 1,300 jobs in the US.

According to The Sydney Morning Herald, Australian jobs that are cut locally will be moved offshore. The culling will occur in waves throughout the year.

IBM has refused to confirm or deny the job cuts.

"Change is constant in the technology industry, and transformation is an essential feature of our business model," an IBM spokesperson said in a statement. "Consequently, some level of workforce remix is a constant requirement for our business.

"Given the competitive nature of our industry, we do not publicly discuss the details of staffing plans."

The vendor has declined to comment further on this matter.

Topics: IBM, Australia

Spandas Lui

About Spandas Lui

Spandas forayed into tech journalism in 2009 as a fresh university graduate spurring her passion for all things tech. Based in Australia, Spandas covers enterprise and business IT.

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3 comments
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  • Great way to kill morale

    "The culling will occur in waves throughout the year."

    Drag it out.
    ye
  • corporate BS

    "Change is constant in the technology industry, and transformation is an essential feature of our business model,"...how about changing the consultants from IBM to other less greedy company?
    The Linux Geek
  • An IBM

    Here is an IBM server: http://www.youtube.com/watch?v=nWR7D39omoQ
    Corey Davenport