This is probably the most accurate analysis so far, with $70K/head-cut being a realistic estimate.
“We have estimated that it has historically cost IBM about $70,000 to eliminate an employee, which would imply a workforce reduction of about 14,000 employees this quarter,” he said.
The note from Bernstein estimated IBM saved $6.78bn from “workforce rebalancing” in the last decade by cutting some 96,986 jobs.
In the UK alone, Big Blue has put 1,352 people at risk in the Global Technology Services wing, with 185 to be told of their fate by April. Over at UK Labs, 123 out of 900 heads are going to be chopped.
And company insiders have now told us that 73 peeps in Global Business Services (GBS) with “non-strategic skills” and 20 partner-level staffers are also being lined up to exit the building on a permanent basis.
http://www.theregister.co.uk/2016/03/10/ibm_to_erase_14000_people_from_the_payroll_wall_st_analyst/