IBM cutting hundreds of jobs


Big Blue is cutting more than 300 jobs in Durham, news disclosed just days after the announced sale of its Seterus mortgage serving platform. A layoff notice to the state notes that the 3039 Cornwallis Road facility will “permanently” close, impacting 310 jobs. “With the successful completion of the mortgage services contract through which Seterus, Inc. (a wholly-owned IBM subsidiary) helped our client manage the effects of the 2008 financial crisis, IBM has signed a definitive agreement...

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