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Biggest corporate lay-off in history is expected within days, with IBM believed to be scrapping 110K
Daily Mail ^ | 1/26/15 | Thomas Burrows

Posted on 01/26/2015 3:41:54 PM PST by Libloather

Biggest corporate lay-off in history is expected within days, with IBM believed to be scrapping 110,000 of its 430,000 workforce around the world

IBM is preparing to scrap 110,000 of its global 430,000 workforce in the biggest corporate cull in the computer giant's history, a report has revealed.

The company will make the job cuts this week under a plan known internally as 'project chrome', according to US technology blogger Robert Cringely on Forbes website.

IBM is in the process of layoffs, as disclosed in its latest earnings report last week but said the number of job losses was significantly fewer than had been claimed.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: business; corporate; economy; history; ibm; layoffs; projectchrome; robertcringely; workforce
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To: George from New England

Made by Borland.
***********
QuattroPro ...


101 posted on 01/26/2015 9:47:27 PM PST by Neidermeyer ("Our courts should not be collection agencies for crooks." — John Waihee, Governor of Hawaii, 1986-)
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To: proxy_user

They do a TON of consulting services in the US.

Those are high paying jobs that by definition are not outsourced out of the country, because the client wants them here. Of course, IBM does consulting services all over the world.

Those in services that are on the beach will be part of the starting list.

Sometimes they can do some fancy footwork and stay on, but most will probably go.


102 posted on 01/26/2015 9:52:53 PM PST by PieterCasparzen (We have to fix things ourselves)
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To: grey_whiskers

Thanks.


103 posted on 01/27/2015 1:46:20 AM PST by mylife
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To: Neidermeyer
EXCEL is great but the real genius was VisiCalc ,, the basis for Excel and ALL the other spreadsheets.... IBM failed to patent/copyright it

IBM had nothing to do with VisiCalc. From the Wikipedia:

VisiCalc traces its history to a presentation that Dan Bricklin was watching while attending Harvard Business School. The professor was creating a financial model on a blackboard that was ruled with lines to create a table, and formulas and data were being written into the cells. When the professor found an error or wanted to change a parameter, he had to erase and rewrite a number of sequential entries in the table. Bricklin realized that he could replicate the process on a computer using an "electronic spreadsheet" to view results of underlying formulae.

Bricklin was joined by Bob Frankston, and the pair worked on VisiCalc for two months during the winter of 1978–79, forming Software Arts. Bricklin wrote, "[W]ith the years of experience we had at the time we created VisiCalc, we were familiar with many row/column financial programs. In fact, Bob had worked since the 1960s at Interactive Data Corporation, a major timesharing utility that was used for some of them and I was exposed to some at Harvard Business School in one of the classes." Bricklin is referring to the variety of report generators that were in use at that time, including Business Planning Language (BPL) from International Timesharing Corporation (ITS) and Foresight, from Foresight Systems. However, these earlier timesharing programs were not completely interactive, nor did they run on personal computers.

Frankston described VisiCalc as a "magic sheet of paper that can perform calculations and recalculations", which "allows the user to just solve the problem using familiar tools and concepts". Personal Software began selling it in mid-1979 for under $100, after a demonstration at the fourth West Coast Computer Faire and an official launch on June 4 at the National Computer Conference. It required an Apple II with 32K, and supported saving to cassette or disk.


104 posted on 01/27/2015 2:03:36 AM PST by cynwoody
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To: PieterCasparzen

And then what happens when a client needs a dozen guys? They have to go out an hire?

One thing about the Indian contracting companies, they always have people in stock. You need somebody, they can send someone right away.


105 posted on 01/27/2015 4:52:28 AM PST by proxy_user
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To: txhurl

we forget that each of these unemployed statistics has a human face and many have families

many lives are forever changed, some for the better in the long run, but some never recover from losing not only a job but an association with their company identity. When I was doing my MBA (some years ago) IBM was a case study in building a corporate “family” identity and loyalty among its employees


106 posted on 01/27/2015 5:29:57 AM PST by silverleaf (Age takes a toll: Please have exact change)
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To: Libloather

H-1b quotas need to be increased now for sure.


107 posted on 01/27/2015 5:37:03 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Data. ;’)


108 posted on 02/01/2015 11:36:20 AM PST by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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The Obama Recession


to go with

The Obama Tax Hikes


109 posted on 02/01/2015 11:36:42 AM PST by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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