Just before IBM was set to cut hundreds of jobs in the Hudson Valley, Gov. Andrew Cuomo’s office released an unusual press release saying that the SUNY College of Nanoscale Science and Engineering has reached an agreement with IBM to maintain 3,100 jobs in the Hudson Valley.

The agreement increases the number of jobs that IBM must keep in the state by 750 jobs – so that the job comittment is now 3,100 jobs, up from 2,350 jobs.

IBM was expected to cut hundreds of jobs in the Hudson Valley this week as it tries to boost its earnings.

It’s unclear how this agreement would affect that. IBM employs 7,000 people in the Hudson Valley, according to union officials.