Why would IBM (IBM), one of the world's most successful technology companies, ever cut staff? To save money. There were rumors over a year ago that the firm would lay-off 150,000 people and bring them back as consultants or move the jobs to Asia. That did not happen, but there was some real sense behind the discussion. Last year, IBM's employee count in India rose from 52,000 to 73,000. Big Blue has about 350,000 workers worldwide. While IBM's total revenue is growing at 13% based on last quarter's numbers, it does have some segments which are not doing nearly as well. Revenue in the company's systems and technology group was up only 2% for the period. Financing operations are also lagging IBM's total growth. Management at the firm has made its mark by driving efficiency and controlling costs. IBM may not cut 10,000 worldwide, but it is a good bet that a lot of jobs will be sliced in the US. Most of that work is going to India.