IBM laying off up to 25 percent of 'hardware' division | Business Tech - CNET News

A cloudy future for IBM hardware employees

"The company wouldn't comment on the number of people being laid off or what divisions would be most affected. However, one source familiar with the plans told CNET that the layoffs entailed up to 25 percent in the Systems and Technology group -- this is the group that makes IBM servers and is often referred to as the "hardware" division.
IBM announced last month that it sold its x86 server business to Lenovo for $2.3 billion, so layoffs within the hardware division seem to make sense. With the sale, about 7,500 IBM employees were expected to be offered jobs at Lenovo. In 2005, IBM sold its PC business to Lenovo, too."

IBM laying off up to 25 percent of 'hardware' division | Business Tech - CNET News