Skip to comments.IBM fired up to 100,000 older employees to attract millennial workers, says lawsuit
Posted on 08/30/2019 12:35:43 PM PDT by rintintin
IBM has been accused of firing thousands of older employees over the past few years as part of a rebranding strategy to appeal to millennial workers.
Some former employees have filed lawsuits against IBM. In one civil case, former VP of Human Resources Alan Wild said IBM had "laid off 50,000 to 100,000 employees in just the last several years" in order to make itself seem like "[a] cool, trendy organization," like Google or Amazon, and not like "an old fuddy duddy organization." These statements were obtained court document filed Tuesday in Texas
(Excerpt) Read more at google.com ...
Still true after 60 plus years.
I believe it, make IBM an example, sue the pants off of them.
Good tag line prayer.
Reducing overhead. Fire the $150k senior folks and replace for 1/2 the cost.
The old Fuddy Duddys were hired back as contractors and still run things. They replaced me with four Brazilians in 2006 and had to hire back some of our team to act as ‘backups’.
A younger workforce means they pay less for their health insurance.
This is one of the reasons why it would be good to decouple health insurance from employment.
Exactly, save millions on payroll for new corporate slaves who have no idea how to deal with management.
“This is one of the reasons why it would be good to decouple health insurance from employment.”
I know, right? Medicare for all!
With people who don’t know crap about the job and them they lose business because of lack of performance.
One engineering company I worked for fired most of their key older engineers, replaced them with much younger engineers with no more than two years ago experience. The kids were supposed to copy what the old guys did on previous projects. You seen one chemical plant, you seen them all, besides, have to present that young cool trendy image. And how did that work out?
Eliminate another employee benefit?
As others have said, fire the older high paid workers, and hire in younger folks for half the salary.
Any final ear pension growth can then be waived.
Sadly they may not be able to change a light bulb either ... but, hey, lower wages....
I'd rather get paid more, and then get my own health insurance. Also I'd like to keep working until I'm in my 60s.
Ah, but not because they were younger, because they “possesed needed skills”. Not because they were cheaper but because they were “more diverse”.
Public companies will not make a move involving RIF or restructuring without 100% approval from Legal and HR.
Happens all the time. Once you’re over 55, it’s tough to get a job.
Ageism. This has been worse than “racism.”
Fully qualified, superior older workers pushed out by Ford and many many others to make room for younger little twerps who have confidence without competence. Then industry fails.
And the young ones don’t feel motivated to go to shopping malls or to buy things at local retail. They are used to gazing at a screen for 21 hours a day and buying there. Now they often don’t even buy cars or houses. So the economy and nation we built is being killed by the young ones. The Eloi. (H.G. Wells The Time Machine).
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