[fhars]

You are probably thinking of Lenovo laying off the employees in the server division they bought from IBM.

[iends]

IBM had a large layoff in india. IBM's india problems have been quite interesting. See: http://qz.com/173601/ibms-india-problem/

[vyrotek]

drpgq might have been thinking of this (Seems to match you described as well):

IBM layoffs strike first in India; workers describe as 'slaughter' and 'massive' - https://news.ycombinator.com/item?id=7223582