CFO says job cuts will help boost earnings

... In June, IBM laid off more than 3,300 people in the United States, including 697 at Big Blue sites in Dutchess County, according to Alliance@IBM, an IBM employee organization. IBM plans to add to earnings with a large, longer-term divestiture ...

http://www.recordonline.com/apps/pbcs.dll/article?AID=/20130718/BIZ/307180329