IBM (IBM: 192.95 0.00 0.00%) announced another round of layoffs last week. This time 2,800 people.
IBM did say that the slowdown was confirmed to North America and Europe, and went on to crow out how strong its business in Brazil, India, and China still is.
“We had very, very good growth in Brazil, at growth of 17%. If you looked at India, we’re up 30%, another very, very powerful quarter. China came back from the impact that we saw from the Olympics with growth of 9%.”
