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September 18, 1995

2,000 TO 10,000 JOBS SEEN GOING AT IBM

By CBR Staff Writer

IBM Corp is again looking at cutting its workforce as it moves to finish its ongoing cost-cutting and a range of 2,000 to 10,000 more job cuts are being considered, sources told Reuter. The cuts are being considered in IBM’s Personal Computer Co, more headquarters staff, sales and marketing support, and finance, but nothing has been determined or finalised yet. Analysts emphasised that they did not believe that any new restructuring charge would be necessary.

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