IBM lays off 15 employees in Westchester
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- May
- 1
Armonk-based IBM Corp. laid off 15 employees today out of its roughly 7,500 in Westchester County, all engaged in information technology delivery.
“These actions were designed to keep operations competitive and to reduce structural costs,� said spokeswoman Gretchen H. McWhorter.
McWhorter said she did not have any information about whether additional employees outside Westchester were affected.Â
She said the laid-off employees will remain on the payroll for a minimum of 30 days from today, after which they will receive their separation benefits. They are eligible for severance pay based on length of service, assistance in finding other jobs within IBM, outplacement assistance, education assistance and extension of benefits, McWhorter said.
IBM had higher revenues and profits in the first quarter ended March 31, with net income of $1.84 billion, or $1.21 a share, on revenues of $22.03 billion.
This entry was posted
on Tuesday, May 1st, 2007 at 4:18 pm by Julie Moran Alterio.
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