IBM will start massive layoffs

The American company IBM is intented to begin laying off up to 3000 employees in its German department, which equals about 18% of all jobs in the company. The reason for such strict measures was the prolonged decline in profit, caused by low sales volume of equipment, that has reached the mark of 14% for the third quarter of this year. Such massive liquidation of jobs may also lead to a reduction of other employees in IBM, due to further decrease of economic indicators.

The news has immediately impacted the IBM shares value', which already fell by 0.43%. With such common negative sentiment, traders will have a great chance to earn money on a further fall. Trading will be available during the American session, from 13:40 to 20:00 GMT time.

The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.