IBM today denied reports that thousands of people will lose their jobs.
A report in Forbes magazine said that the company, which has its UK headquarters at Northarbour in Portsmouth, was preparing to shed more than 100,000 roles worldwide by cutting its workforce by a quarter.
There were fears that up to 5,000 roles could be at risk if the expected rate of redundancies was applied to Britain.
But today IBM flatly denied the report.
Spokeswoman Lucy Linthwaite said: ‘IBM does not comment on rumours, even ridiculous or baseless ones.
‘If anyone had checked information readily available from our public earnings statements, or had simply asked us, they would know that IBM has already announced the company has just taken a $600 million charge for workforce rebalancing. This equates to several thousand people, a mere fraction of what’s been reported.
‘Last year, IBM hired 45,000 people, and the company currently has about 15,000 job openings around the world for new skills in growth areas such as cloud, analytics, security, and social and mobile technologies. This is evidence that IBM continues to remix its skills to match where we see the best opportunities in the marketplace.’