Massive Worldwide Layoff Under Way At IBM.

Project Chrome, a massive layoff that IBM says is not a massive layoff, is under way. According to tech writer Robert X. Cringely, reporting in Forbes, the company’s workforce will be reduced 26 percent as part of this initiative. With potentially more than 100,000 people at risk, this could be the largest single layoff by any U.S. corporation since 1993, when IBM cut 60,000 people from its roster.

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