IBM leaders notified Gov. Peter Shumlin on Thursday morning that they would announce layoffs at the company's microchip plant in Essex Junction today.
The job cuts are part of a $1 billion global workforce reduction that has been anticipated in the first quarter of 2014. Business Insider reports that 13,000 jobs may be eliminated in the United States and at manufacturing plants around the world.
Last year, IBM laid off 2,800 workers in the U.S., according to Business Insider. The Essex Junction plant lost 419 workers last year.
The number of workers eliminated in this round of cuts has not been released. Shumlin said about 130 jobs could be lost.
In a statement, Shumlin pledged to "work with my team to help in every way we can" to "offer all of our resources to help find good Vermont job opportunities as soon as possible for those who will face layoffs as quickly as possible."
"I understand the number of workers affected in this round of cuts is significantly lower than the last round of reductions, only about one-third the size, although we will not know the exact number of affected workers until the process is completed and a state notice is filed by the company next month," Shumlin said.
The governor said Vermont has diversified its economy in recent years, and he touted the state's low unemployment rate and "recovery and job growth across many sectors."