Updated from 1:28 a.m. EST
shares were falling Tuesday after a report that the company sent layoff notices to more than 2,800 people in its sales and software groups in the U.S. last week.
In an "Employee Information Package," copies of which were reviewed by
The Wall Street Journal
listed workers that were selected to take part in its "current resource reduction action" by age and job title, but without names. The total listed positions came to about 2,850.
Shares were falling 0.7% to $90.95 in recent trading Tuesday.
reports it couldn't easily be determined what percentage of workers in the sales and software groups was affected. Software engineers, however, suffered layoffs of 839 out of 9,784, or about 8.6%, according to a tally by one person who received a notice, the
In the sales group, those hit by the layoffs included 20 marketing managers and nine people with vice-presidential titles. More than 150 vice presidents remain in the sales and distribution group, according to the documents reviewed by the newspaper.
Spokesmen at IBM acknowledged that layoffs are under way, but declined to comment on the size of the job actions, according to the
. The company has kept quiet about changes to its work force in recent years.
The layoff notices could indicate that domestic job cuts at the technology company may be more significant that it has signaled, the
Last week IBM reported earnings that beat Wall Street estimates -- though revenue fell $1 billion shy of estimates -- and said its 2009 full-year profit would also exceed current projections.
As the global economy sinks deeper into recession, jobs are being slashed at a slew huge tech firms, among them
Advanced Micro Devices
This article was written by a staff member of TheStreet.com.