Following lukewarm quarterly financial results last week, reports claim IBM is set to cut over a quarter of its workforce this week.
IBM has currently a workforce of 431,000 people, but Sky News claims that Forbes’ reporter Robert X Cringely is forecasting the job cuts.
According to Cringely, around 26 percent of IBM will get calls from their managers telling them their jobs are surplus to Big Blue’s requirements. IBM has neither confirmed nor denied the rumours.
IBM quit making PCs in 2005, and it quit making servers last year. But it looks like Big Blue will keep pumping out its mainframes forever.
IBM has launched the public beta of Watson Analytics, its set of cloud-based predictive and analytics tools.
The move to public beta for Watson Analytics on Thursday follows its private beta launch this September. IBM said at the time of the beta releas the service will be made available under a freemium model through iOS, Android mobile devices and the web.
IBM researchers uncovered an attack that could allow a hacker to impersonate someone by abusing the social login mechanism.
Under pressure to boost margins, IBM is set to make what it calls a "major business announcement" Monday morning, an indication that it has finalized a deal to transfer chip-making operations to GlobalFoundries.
IBM announced Sunday that it would be issuing its quarterly earnings statement early Monday, moving it up from its previous schedule, timed for after the close of markets. The company said it would also separately make a business announcement.