IBM dismisses Forbes report of massive layoffs

26/01/2015 - 17:39

SEATTLE (Reuters) - An IBM spokesman dismissed a Forbes magazine report claiming the technology giant was preparing to cut about 26 percent of its workforce.

IBM (IBM.NY)is in the process of layoffs, as disclosed in its latest earnings report last week, but it will affect "several thousand" employees only, according to an emailed statement from IBM to Reuters.

(Reporting by Bill Rigby; Editing by Bernadette Baum)