IBM Australia cuts jobs amid disappointing financial results

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

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.