IBM to lay off 1,500 in semiconductor business

Armonk, NY – IBM Corp. will lay off 1,500, or 7.5% of its 20,000 employees in its semiconductor business.

The layoffs had been widely expected as the business has been losing money in the worldwide semiconductor slowdown, the Associated Press reported.

An IBM spokesman said about 950 of the layoffs will be at its Burlington, VT, semiconductor plant with 200 in Fishkill, NY, and 100 in Endicott, NY. The remainder are at other facilities in the US.

The spokesman said IBM will also work to gain more business for its microelectronics operations by starting a contract electronic design services business. The new business unit will be headed by Pat Pool who will remain VP of worldwide sales and support for the technology group.

POST A COMMENT

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

LIVE NEWS FEED

NEW PRODUCTS

Compact point of use fluid delivery heater replaces multiple components in a system
07/22/2015Watlow, a designer and manufacturer of complete thermal systems, announces its new point-of-use fluid delivery heater...
New fiber optic temperature sensing and control system ideal for RF environments
07/22/2015Watlow, a designer and manufacturer of complete thermal systems, announced its new EZ-ZONE RM fiber optic temperature me...