They're using the Big Iron, the real McCoys!
Posted on 12/14/2007 6:57:00 PM PST by NormsRevenge
BOSTON - IBM Corp.'s expansion in developing countries shows no sign of relenting. The technology company revealed Friday that it now has 73,000 employees in India, almost a 40 percent leap from last year.
IBM did not provide updated figures for its work force in the U.S., which has held steady around 125,000 people in recent years.
Nor did IBM project its total head count. It had 355,766 employees worldwide at the end of 2006.
If the total has risen by the same rate as in 2006, almost one in five IBM workers now is in India, its second-largest center.
Like many other technology providers, IBM has rushed to take advantage of the lower labor costs India offers even for highly skilled workers. IBM's base in India numbered only 9,000 people in 2003, but it was about 53,000 last year.
IBM has been stressing not only the lower expense of working in India but the potential of the Indian market. IBM executives told visiting Indian journalists last week that the company expected to see revenue from the Indian market jump to nearly $1 billion this year, from $700 million in 2006.
Armonk, N.Y.-based IBM is also ramping up in other key developing markets. Its chairman and chief executive, Sam Palmisano, recently formed a new organization that will spur IBM's investment in emerging economies.
The plan is meant to capitalize on the higher growth rates in the so-called "BRIC" countries of Brazil, Russia, India and China. IBM's revenue from those countries rose 18 percent in the first three quarters of this year, even after discounting the benefit of currency fluctuations. IBM's total employee count in those countries now is nearly 100,000, up from 70,000 a year ago.
IBM's vice president of financial management, Jesse J. Greene Jr., would not forecast how much more hiring the company still might do in emerging markets. However, he said "we see continuing good stability in the BRIC countries in general and good opportunity for growth in those countries as well."
Citi's got a new ceo named Pandit. I rather suspect alot [more] of their jobs will wind up in India, too.
Thanks for letting me know, not that I buy any IBM stuff now, THAT I know of anyway. I’ll check for subsidiaries.
We’re keeping an ati China/overseas home here as best we can!
And Asok will show the way....
It wold surprise me very much if, for any/every electronic purchase you make, some of the money does not go to IBM.
The reason?
Patents.
IBM could fire everybody and close all the doors tomorrow and still be a multi-billion dollar a year company.
They have many, many tens of thousands of patents and top the list each and every year for new ones.
As I indicated, I have no clue. I am however trying in my own small way to not have to call India or Pakistan every time I have a computer issue.
I will not willingly speak to any one that I cannot understand.
In the 60’s and 70’s, IBM employed 12000+ in Endicott, New York which was their original home. Now there are none.
Globalization and hyperkapitalism stinks.
Companies are sending all their engineering overseas to Asia, including China. Those are 6-figure jobs in the U.S. Sucks.
That’s ok, just go out and buy an Iphone. Do your part for the U.S. economy.
I have a friend who just opened a branch office of his consulting firm in Mumbai (Bombay). I think he would spend most of his time there if he didn’t have a family in the states. To him, India is the land of opportunity.
iPhone’s made in China, along with the Wii, etc.
The System I machines are purdy too....
As long as it’s not build in communist China, giving the money to communists that will build weapons to threat US superiority, and as long as it is built in a democratic country with at least moderate views toward US, I won’t oppose.
ping
Not true. Not nearly as many, but still have folks there.
Heck, instead of paying CEOs $40,000,000.00, I'm sure there's someone in India who'd do the job for $250,000.00
How much of that was due to high taxation?
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