“Investing in Our People.” Is That Another Layoff Euphemism, IBM?

So much for IBM’s lifetime employment concept. In 2009, the company sacked as many as 10,000 employees. Now comes word of thousands more losing their jobs in what the company likes to refer to as “resource actions.”

IBM Layoffs: 1,674 and Counting

Black Thursday at Big Blue [UPDATED]

The ax is indeed swinging at Big Blue. Following reports that it is preparing to cut thousands of jobs in its global services unit, IBM said Thursday it has begun notifying employees of what it likes to euphemistically refer to as “resource actions.” IBM refused to disclose the number of employees affected, but Lee Conrad, spokesman for a union group called Alliance@IBM, said at least 1,674 in the company’s Application Services unit will lose their jobs.
largest-axe3jpg

Black Thursday at Big Blue [UPDATED]

The ax is indeed swinging at Big Blue. Following reports that it is preparing to cut thousands of jobs in its global services unit, IBM said Thursday it has begun notifying employees of what it likes to euphemistically refer to as “resource actions.” IBM refused to disclose the number of employees affected, but Lee Conrad, spokesman for a union group called Alliance@IBM, said at least 1,674 in the company’s Application Services unit will lose their jobs.
largest-axe3jpg

Pink Slips at Big Blue?

IBM: The "I" Stands for "India" [UPDATED]

When IBM CEO Sam Palmisano advised the Obama transition team that the $30 billion in information-technology stimulus handouts Big Blue is angling for could create more than 900,000 new jobs, he didn’t say they’d be created in India. Yet, apparently that’s the case. IBM is reportedly planning to sack “a large number” of employees in its Global Business Services division, shifting their duties overseas to workers in India.

IBM: The “I” Stands for “India” [UPDATED]

When IBM CEO Sam Palmisano advised the Obama transition team that the $30 billion in information-technology stimulus handouts Big Blue is angling for could create more than 900,000 new jobs, he didn’t say they’d be created in India. Yet, apparently that’s the case. IBM is reportedly planning to sack “a large number” of employees in its Global Business Services division, shifting their duties overseas to workers in India.