The market has been abuzz with talk about the largest corporate layoff in history at IBM.

The company is denying it:

“IBM does not comment on rumors, even ridiculous or baseless ones,” a spokesman said. “If anyone had checked information readily available from our public earnings statements, or had simply asked us, they would know that IBM has already announced the company has just taken a $600 million charge for workforce rebalancing. This equates to several thousand people, a small fraction of what’s been reported.”

I love how they say they don’t comment on rumors…and then they commented on the rumor.