ARMONK, NY -- IBM Corp. last week issued layoff notices to about 400 employees of its hardware development division. The company downsized staff in Austin, TX; Burlington, VT; San Jose; Raleigh, NC; and Rochester, MN.

Employees have 30 days to secure another job within the company, according to a spokesman.  Those that do not move into another position will be terminated after the 30 days and will receive severance and placement assistance from IBM.

The cuts were reportedly centered on the company's line of blade servers.

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