Rumours have around 5,000 of IBM jobs being shipped off to India, but IBM is only admitting that it is informing some employees today that they've lost their jobs.

The job losses are confined to North America, although IBM isn't disclosing the location or types of positions being eliminated. Some will find new jobs at IBM, while others will be getting seperation benefits.

Whispers have it that the global business services unit is going to be hit the hardest.

Thanks to IDG News Service (Bangalore Bureau).