IBM (NYSE: IBM) Cuts 500 Workers Thus Far

International Business Machines (NYSE:IBM), the world's largest computer-service provider, cut approximately 500 workers in the US and that amount may rise, according to a Bloomberg report that cited employee advocate Alliance@IBM.

The report indicated that cuts are taking place across a number of divisions and geographic regions.

The workforce reductions comes in the wake of the 10,400 job cuts it made in 2009.

Bloomberg, citing two unnamed sources familiar with the plans, said that the costs associated with the cuts would be about the same this year as it was in the past two years.

IBM reported approximately $474 million in costs stemming from global workforce reductions last year and $737 million in 2008.