IBM, one of the world's largest technology companies, said Wednesday it plans to reduce its work force by up to 13,000 employees, mainly in Europe, as part of a global restructuring aimed at shifting resources to higher-growth markets.
The company will take a US$1.3 billion to $1.7 billion pre-tax charge related to the restructuring in the second quarter, IBM said in a statement.
The company has already initiated discussions for voluntary and involuntary work force reductions, IBM said.