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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: Palio di Siena

The H1Bs will no doubt be spared. After the bloodletting, how many more will “magically” appear and be immediately needed?


21 posted on 01/26/2015 3:59:14 PM PST by wally_bert (There are no winners in a game of losers. I'm Tommy Joyce, welcome to the Oriental Lounge.)
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To: Libloather

http://money.cnn.com/2015/01/26/technology/ibm-layoffs/

IBM is denying, but does say there will be some. I think Bloomberg says 10K


22 posted on 01/26/2015 4:00:14 PM PST by NoNAIS (Yet another Government program not needed.)
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To: wally_bert
The Lotus Notes/Domino division will somehow stay alive.

Maybe they can use that knowledge in their new jobs at Mickey D's.

BTW. Worked one day for them and resigned.

23 posted on 01/26/2015 4:03:18 PM PST by Texicanus (Texas, it's like a whole 'nother country.)
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To: Libloather

ABCNBCCBSCNNMSLSDNYTLAT reporting this in 3...2...1...


24 posted on 01/26/2015 4:04:56 PM PST by PROCON (Always give 100%---unless you're donating blood.)
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To: Texicanus

IBM or MickeyD’s?


25 posted on 01/26/2015 4:05:47 PM PST by JohnnyP
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To: Libloather

Very interesting the whack a mole, er, IBMer is called Project Chrome.

Is it named after Google’s Chrome which may be eating IE’s lunch.


26 posted on 01/26/2015 4:06:20 PM PST by Grampa Dave (Will French, German & Belgians make anti-terror raids on our White House, AG Dept and Homeland Sec.?)
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To: Libloather

One would think IBM could sell lot of these at $2500 a copy.

27 posted on 01/26/2015 4:07:42 PM PST by Oliviaforever
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To: Libloather

25% of the workforce?

A minor blip on the road to a thriving economy /s


28 posted on 01/26/2015 4:07:46 PM PST by mylife
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To: proxy_user

Burlington Vermont is still a big operation. Fishkill ny is a ghost town.


29 posted on 01/26/2015 4:07:47 PM PST by outpostinmass2
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To: wally_bert

Is Lotus Notes still around?


30 posted on 01/26/2015 4:08:11 PM PST by BwanaNdege
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To: Texicanus

Mixing Lotus Notes and fast food could not end well.....

Imagine running a cash register with a Notes mentality. Replication, location management, corrupt or missing ID file, bad .INI’s, local versus network, turn on different advanced menus to every common function. The list of disasters is endless.


31 posted on 01/26/2015 4:08:52 PM PST by wally_bert (There are no winners in a game of losers. I'm Tommy Joyce, welcome to the Oriental Lounge.)
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To: VanDeKoik

The good news is that the unemployment numbers will go down!


32 posted on 01/26/2015 4:09:09 PM PST by rwoodward ("god, guns and more ammo")
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To: onyx

Thank God in Heaven, I started a new job today after a year of no income.


33 posted on 01/26/2015 4:09:15 PM PST by mylife
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To: sphinx
So how many people does Obama need to drop out of the labor force entirely to offset this?

zer0 will but them all on welfare so it doesn't show up on the unemployment stats.

34 posted on 01/26/2015 4:09:24 PM PST by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: Oliviaforever

They revolutionized the world.

For a while.


35 posted on 01/26/2015 4:11:29 PM PST by mylife
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To: BwanaNdege

In my case very much but it’s days are numbered.

Notes on citrix clients isn’t too bad but on a laptop with all the custom modifications to make it work is often another story.

Supporting notes has been an eye opening experience. Nothing I’ve run into begins to compare to it in terms of being awful and seemingly badly designed and made worse.


36 posted on 01/26/2015 4:12:26 PM PST by wally_bert (There are no winners in a game of losers. I'm Tommy Joyce, welcome to the Oriental Lounge.)
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To: Libloather

“The Crisis is Over.”


37 posted on 01/26/2015 4:15:38 PM PST by Varsity Flight (Extortion-Care is is the Government Work-Camp: Arbeitsziehungslager)
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To: outpostinmass2
Burlington Vermont is still a big operation. Fishkill ny is a ghost town.

Both sites were sold to GlobalFoundries. They are waiting regulatory approval for the deal to be final. I work at BTV and can't wait for the deal to go through.

38 posted on 01/26/2015 4:15:55 PM PST by Straight Vermonter (Posting from deep behind the Maple Curtain)
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To: wally_bert

No matter what anyone thinks of Microsoft, EXCEL is fantastic.
Power to the people!


39 posted on 01/26/2015 4:16:06 PM PST by mylife
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To: mylife

I have to give Excel it’s due. It is a really great piece of software. I wished I was an Excel guru but I work around a few.


40 posted on 01/26/2015 4:17:10 PM PST by wally_bert (There are no winners in a game of losers. I'm Tommy Joyce, welcome to the Oriental Lounge.)
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