IBM And Texas Instruments Join Layoff List

IBM And Texas Instruments Join Layoff List

IBM and Texas Instruments have become the latest tech firms to issue mass job cuts. Texas Instruments revealed in its latest earnings call that slowing demand linked to the economic crisis will force the company to cut roughly 12 per cent of its staff, some 3,400 jobs in total.



IBM has been cutting its roster as well. Though the company has yet to issue any official total, the layoffs are believed to be in the thousands. The Wall Street Journal estimated the total at 2,800 while the Associated Press cited labor unions as estimating the total at more than 4,000.