IBM starts cutting employees after first earnings shortfall in 8 years
For decades, International Business Machines Corporation, better known as IBM, has been one of the most solid representatives in the tech world from a purely business perspective. As the global restructuring plan that they announced two months ago starts to take effect, what does it tell us about the tech industry in general? It isn’t just the executives or the base level employees that are getting cut, a distinction that often covers the cuts that companies make. Both ends of the spectrum are at risk. This move comes after their first earning shortfall since 2005 when they missed projections…