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IBM Hardware Furloughs: Blame Open Source Cloud Computing?

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IBM will furlough U.S. hardware employees to cut costs in late August and early September 2013. Employees will take a week off with one-third pay, Bloomberg reported. Ouch. The key takeaway: Cloud computing is squeezing IBM's hardware business, and the value of IBM's x86 server business could be falling -- even more -- each quarter.

IBM will furlough U.S. hardware employees to cut costs in late August and early September 2013. Employees will take a week off with one-third pay, Bloomberg reported. Ouch. The key takeaway: Cloud computing is squeezing IBM's hardware business, and the value of IBM's x86 server business could be falling -- even more -- each quarter.

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