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« on: January 26, 2015, 05:21:20 PM » |
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UK Daily Mail is reporting that IBM is set to announce letting go/laying off/firing/making redundant nearly a quarter of its GLOBAL work force. 110,000 jobs.  |
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old2soon
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« Reply #1 on: January 26, 2015, 06:37:15 PM » |
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BUT the head liar in chief P O S obuminater and his cohorts/henchmen/henchwomen tell us repeatedly how "good" and "recovering" the economy is!  Oh heavens to mergatroid-THEY LIED?  RIDE SAFE. |
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Today is the tommorow you worried about yesterday. If at first you don't succeed screw it-save it for nite check. 1964 1968 U S Navy. Two cruises off Nam.
VRCCDS0240 2012 GL1800 Gold Wing Motor Trike conversion
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czuch
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« Reply #2 on: January 27, 2015, 07:19:36 AM » |
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The economeh is rebounding.
We are attracting more companiehs and creating more jobs.
The unem,ploehment index is falling and the lowest its been in years.
Food stamp applications are on the rise and I look great in a golf outfit.
I'd love to stay and chat, but I have to run to saudi arabia and pay homage to my king.
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Aot of guys with burn marks,gnarly scars and funny twitches ask why I spend so much on safety gear
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« Reply #3 on: January 27, 2015, 07:23:14 AM » |
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Report stated it was the failure to move from building/selling computers to cloud computing.
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Serk
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« Reply #4 on: January 27, 2015, 07:32:11 AM » |
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Until the next round of layoffs I work for one of IBM's biggest competitors in the enterprise IT field... HOPING my dumb upper management decide this is a good chance to grab some of the business IBM loses by pissing their customers off, but if history is any guide, instead they'll just try to follow in IBM's tracks and hack more people themselves instead...
...and such is life in the wonderful world of IT...
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Never ask a geek 'Why?',just nod your head and slowly back away...  IBA# 22107 VRCC# 7976 VRCCDS# 226 1998 Valkyrie Standard 2008 Gold Wing Taxation is theft. μολὼν λαβέ |
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Davemn
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« Reply #5 on: January 27, 2015, 07:35:15 AM » |
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(Reuters) - IBM (IBM.N) dismissed on Monday a Forbes magazine report claiming the technology firm is preparing to cut about 26 percent of its workforce, which would represent its biggest-ever layoffs.
IBM is cutting jobs, as disclosed in its latest earnings report last week, but those reductions will affect "several thousand" employees, a "small fraction" of what Forbes reported, according to an emailed statement from IBM to Reuters. Forbes had said as many as 112,000 employees could be laid off.
The technology giant has been steadily reshaping its 400,000-plus staff for several years, laying off workers in some areas and hiring in new growth businesses.
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RainMaker
Member
Posts: 6626
VRCC#24130 - VRCCDS#0117 - IBA#48473
Arlington, TX
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« Reply #6 on: January 27, 2015, 07:43:27 AM » |
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As much as I dislike the President's policies and mis-truths, this isn't anything but the free market determining the fate of a business. IBM lived on their name and reputation for quite a while, but they didn't make the changes necessary as the markets evolved. Therefore, much as Pan Am, CompUSA, BlockBuster, Kodak and Blackberry failed to change as the market changed, so goes IBM. I don't think they will go away - but they will downsize and eliminate the parts of business that are losers to dedicate themselves to the profitable areas.
As for the denial to the Forbes article, history shows that the companies above also denied they were in trouble, tried to re-market themselves as something they were not and ultimately downsized or disappeared.
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 2005 BMW R1200 GS 2000 Valkyrie Interstate 1998 Valkyrie Tourer 1981 GL1100I GoldWing 1972 CB500K1 |
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Serk
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« Reply #7 on: January 27, 2015, 07:44:20 AM » |
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(Reuters) - IBM (IBM.N) dismissed on Monday a Forbes magazine report claiming the technology firm is preparing to cut about 26 percent of its workforce, which would represent its biggest-ever layoffs.
IBM is cutting jobs, as disclosed in its latest earnings report last week, but those reductions will affect "several thousand" employees, a "small fraction" of what Forbes reported, according to an emailed statement from IBM to Reuters. Forbes had said as many as 112,000 employees could be laid off.
The technology giant has been steadily reshaping its 400,000-plus staff for several years, laying off workers in some areas and hiring in new growth businesses.
IBM has a long history of using weasel words... There may indeed only be a few thousand layoffs, but then they could let tens of thousand of "poor performers" go, after they've redefined what a poor performer is, and other sneaky tricks they've done before... |
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Never ask a geek 'Why?',just nod your head and slowly back away... IBA# 22107 VRCC# 7976 VRCCDS# 226 1998 Valkyrie Standard 2008 Gold Wing Taxation is theft. μολὼν λαβέ |
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cookiedough
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« Reply #8 on: January 27, 2015, 08:28:30 AM » |
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It's like this all over. I worked for GMAC, part of GM, and went thru the downsizing way back in 1996 when GMAC was closing the smaller branch offices like mine and going to a main location.
Face it, IBM is no different than GM and any other large or small corporation.
The people I feel sorry for is the hard working, reliable, good workers who did their jobs very well.
If IBM, GM, and other companies would have prior cut all of the middle managers and worthless people working for them years ago, maybe the downsizing all of a sudden wouldn't have happened?
I think we all know someone at one time in our careers that someone in the company wasn't pulling their weight and not earning their keep, yet for one reason or another, they let them get by doing nothing at work but goofing off for years.
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BobB
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« Reply #9 on: January 27, 2015, 02:34:35 PM » |
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IBM has been moving to becoming less of a manufacturing and more of a service company for at least the last ten years. I'm an IBM retiree having spent more than 40 years within the blue walls. I'd like to see what's left after these reductions, having endured lesser reductions over the last 20 years.
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« Last Edit: January 27, 2015, 02:36:25 PM by BobB »
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