No IBM, PwC LayoffsYet
IBM and Price WaterhouseCoopers confirm reports that the two companies are conducting assessments that could lead to layoffs once IBM acquires PwC's global business consulting business.IBM and Price WaterhouseCoopers LLC officials confirmed reports that the two companies are conducting assessments that could lead to layoffs once PwCs global consulting business is acquired by IBM by the end of this month. Officials from both companies, however, denied reports that the companies have already decided to eliminate 4,000 positions from the 80,000 combined headcount that would result from the planned $3.5 billion acquisition.
"At the appropriate stage we will take an assessment of complementary skills," said a PwC spokeswoman. "We havent gone to the level of detail necessary to come up with a number, however."