Some actual RA figures from IBM Silicon Valley.
https://www.bizjournals.com/sanjose/news/2020/06/10/ibm-layoffs-san-jose.html
Two vice presidents were among the 140 local employees recently laid off at IBM Corp.’s two South San Jose complexes, according to a new disclosure filed with the state.
The 90 cuts at IBM’s Silicon Valley Labs and 50 cuts at IBM Research-Almaden are among what are likely thousands of layoffs across the New York-based company. The Silicon Valley Business Journal was first to report the layoffs last month.
IBM told reporters at the time that the company’s work in a “highly competitive marketplace requires flexibility to constantly remix high-value skills, and our workforce decisions are made in the long-term interests of our business.”
The layoffs at the Silicon Valley Labs, located at 555 Bailey Ave., include a development lab VP along with 34 software developers and other employees in accounting, software, business, data science, design, human resources and administration.
IBM Research-Almaden, located at 650 Harry Road, lost a cloud offering management VP along with 12 software developers and 11 research staff members, among other workers.
IBM disclosed the layoffs to the state Employment Development Department on May 21 and said all “employee separations” would take pace on July 20.
Almost 353,000 employees total worked for IBM and its wholly owned subsidiaries as of last year. The company also cut 103 employees at its Costa Mesa office in Orange County as part of the workforce reduction.
Several IBM competitors have also cut back in recent months. Milpitas cybersecurity company FireEye laid off 6 percent of its workforce in April, and Palo Alto-based Cloudera made a round of cuts last month. San Jose-based Nutanix Inc., another cloud company, is furloughing 27 percent of its workforce for two weeks.
Shares of IBM closed 1.52 percent lower on Wednesday at $129.87 per share, down more than 4 percent from a year ago.