Posted on 05/24/2020 7:45:58 AM PDT by Starcitizen
Computer giant IBM, which has a large presence in Research Triangle Park, is laying off an unspecified number of employees, the company said Friday.
The company did not directly blame the economic downturn caused by the coronavirus pandemic for the layoffs. Earlier this year, the company told analysts it was restructuring parts of its business, including its Global Technology Services division, in a move that could lead to savings of $2 billion. In April, IBM took a $900 million charge against its first-quarter earnings in relation to that restructuring.
“IBM’s work in a highly competitive marketplace requires flexibility to constantly remix to high-value skills, and our workforce decisions are made in the long-term interests of our business,” IBM spokesman Ed Barbini said in an email to The News & Observer.
...
IBM employs more than 300,000 people worldwide. This is the first layoff to be initiated by its new CEO Indian Arvind Krishna, who took over the company earlier this year and was the architect of the decision to buy Raleigh-based software company Red Hat for $34 billion.
(Excerpt) Read more at newsobserver.com ...
They bought Red Hat for 34 billion? Nobody told them that linux was free?
Translation: We're dumping our expensive Americans and off-shoring the jobs we can't replace with H-1b people.
Has IBM ever had a big layoff?
IBM is still in business? I thought they went the way of Digital Electronics Corp. What do they do?
Stop the H1B visa programs now!
High level support isn’t, and you can get it from Red Hat.
This is only the latest.. in all previous cases, jobs were moved to India or Communist China, and those jobs remaining in thd US were given to Indian H1B trash.
Some friends of mine got it.
Its clear the bean counters are running the company and not the engineers.
This is the same tactical error Intel made when they had their big layoff back in 2015.
They are both getting rid of worker bees and keeping unused levels of management.
On one hand one needs to keep track of the beans, and if they ain’t coming in, one has a problem. Krishna has been in IBM 30 years and appears to have come out of the technical ranks.
The article states that previous [political correct] 8-year CEO Ginni Rometty governed a declining company. IBM bought Red Hat for 34 billion in 2019. Maybe that purchase price is causing some of their current problem$ in world where governments shut down economic activity due to Wuhan virus fears. Krishna was in on the Red Hat acquisition. It will take several years for it to be absorbed. Are their cultures compatible? Not a good time right now for IBM.
Nobody really knows, because they ignore the WARN act.
Perhaps you experienced the change between inside Akers and outsider Gerstner. WHile IBM may not have been changing in the changing world in the right way or fast enough under Akers, Gerstner may have been the exact opposite - changing in some of the wrong ways.
Didn’t Gerstner say something to the effect when he assumed CEO position that the last thing IBM needed at that time was a vision? He focused on execution. He was a balance sheet CEO, not a visionary. Jobs vs Gerstner - whose vision still exists in their companies? IBM used to have a vision - that died long ago. Also, IBM adopted political correctness like all other multinational companies.
“Nobody really knows, because they ignore the WARN act.”
Beyond the law and too big to fail.
Thanks!
“IBM is still in business? I thought they went the way of Digital Electronics Corp. What do they do?”
The mainframe business is still chugging along.
He was a balance sheet CEO, not a visionary. Jobs vs Gerstner - whose vision still exists in their companies? IBM used to have a vision - that died long ago.
It is amazing how companies can grow and prosper with a visionary leading them.
Then when that visionary dies, retires or leaves, the bean counters take over and drive away those with the vision and the original corporate culture.
Many if not most companies do not survive the bean counters.
The bean counters just move to the next company ready to commit suicide by hiring them.
Not getting rid of worker bees. Outsourcing to India and replacing those inside the US with low-cost, unqualified Indian H1B scabs.
Nobody really knows, because they ignore the WARN act.
The Worker Adjustment and Retraining Notification Act of 1988 (the “WARN Act”) is a US labor law which protects employees, their families, and communities by requiring most employers with 100 or more employees to provide 60 calendar-day advance notification of plant closings and mass layoffs of employees
It’s not a mass layoff of employees. It’s a mass replacement of Americans with filthy Indian H1B scabs. No WARN Act notification required.
It was good while it lasted, but even my (now not-so new) company is using too many H1b contractors and relying too heavily on Indian (and Chinese) imports and influences.
Retirement looms, and I will happily leave when that date (already penciled in on the calendar) hits.
It's been a long, long road...
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