IBM Employees Lose $400 Million in Retirement Accounts as Stock Plummets
IBM employees lost over $400 million from their retirement accounts after the company’s stock dropped more than 25% following an earnings warning. Nearly 150,000 workers held IBM shares in their 401(k) plans, with each employee losing on average around $2,700.
Tickers: $IBM
Topics: 401(k) losses employee retirement impact IBM stock price crash