<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>AllThingsD &#187; offshore</title>
	<atom:link href="http://allthingsd.com/tag/offshore/feed/" rel="self" type="application/rss+xml" />
	<link>http://allthingsd.com</link>
	<description></description>
	<lastBuildDate>Fri, 10 Feb 2012 02:23:18 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.3.1</generator>
<atom:link rel="hub" href="http://pubsubhubbub.appspot.com"/><image>
		  <url>http://allthingsd.com/theme/images/logo-rss.jpg</url>
		  <title>All Things Digital</title>
		  <link>http://allthingsd.com/</link>
		  <width>144</width>
		  <height>22</height>
	</image>		<item>
		<title>Goldman to Offer Facebook Shares Only to Non-U.S. Clients</title>
		<link>http://allthingsd.com/20110117/goldman-to-offer-facebook-shares-only-to-non-u-s-clients/</link>
		<comments>http://allthingsd.com/20110117/goldman-to-offer-facebook-shares-only-to-non-u-s-clients/#comments</comments>
		<pubDate>Mon, 17 Jan 2011 17:23:37 +0000</pubDate>
		<dc:creator>Aaron Lucchetti</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[Voices]]></category>
		<category><![CDATA[Asia]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[frontpage]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[innovation]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[offshore]]></category>
		<category><![CDATA[private offering]]></category>
		<category><![CDATA[social networking]]></category>
		<category><![CDATA[U.S.]]></category>

		<guid isPermaLink="false">http://voices.allthingsd.com/?p=35256</guid>
		<description><![CDATA[Goldman Sachs Group is excluding U.S. clients from Facebook's private offering that could soar to as much as $1.5 billion because of "intense media attention."]]></description>
			<content:encoded><![CDATA[<p>Goldman Sachs Group is excluding U.S. clients from Facebook&#8217;s private offering that could soar to as much as $1.5 billion because of &#8220;intense media attention.&#8221;</p>
<p>In a statement provided to The Wall Street Journal, Goldman said the move came after officials at the New York securities firm &#8220;concluded the level of media attention might not be consistent with the proper completion of a U.S. private placement under U.S. law.&#8221;</p>
<p><a href="http://online.wsj.com/article/SB10001424052748703396604576087941210274036.html?mod=WSJ_Tech_LEFTTopNews">Read the rest of this post on the original site</a>.</p>
]]></content:encoded>
			<wfw:commentRss>http://allthingsd.com/20110117/goldman-to-offer-facebook-shares-only-to-non-u-s-clients/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>GSA Goes Google</title>
		<link>http://allthingsd.com/20101202/gsa-goes-google/</link>
		<comments>http://allthingsd.com/20101202/gsa-goes-google/#comments</comments>
		<pubDate>Thu, 02 Dec 2010 11:00:43 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[Enterprise]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Andrew Kovacs]]></category>
		<category><![CDATA[apps]]></category>
		<category><![CDATA[blog]]></category>
		<category><![CDATA[calendar]]></category>
		<category><![CDATA[cloud]]></category>
		<category><![CDATA[collaboration]]></category>
		<category><![CDATA[contract]]></category>
		<category><![CDATA[data]]></category>
		<category><![CDATA[email]]></category>
		<category><![CDATA[federal]]></category>
		<category><![CDATA[General Services Administration]]></category>
		<category><![CDATA[Gmail]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Google Apps]]></category>
		<category><![CDATA[Google Apps for Government]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[GSA]]></category>
		<category><![CDATA[innovation]]></category>
		<category><![CDATA[internal]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[John Paczkowski]]></category>
		<category><![CDATA[local]]></category>
		<category><![CDATA[messaging]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[negotiations]]></category>
		<category><![CDATA[Office]]></category>
		<category><![CDATA[offshore]]></category>
		<category><![CDATA[politics]]></category>
		<category><![CDATA[procurement]]></category>
		<category><![CDATA[Redmond]]></category>
		<category><![CDATA[Request for Proposal]]></category>
		<category><![CDATA[RFP]]></category>
		<category><![CDATA[state]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=53479</guid>
		<description><![CDATA[The General Services Administration--which oversees government procurement--will soon become the first major federal office to move to cloud-based office apps on an agency-wide basis. And it's chosen Google Apps to do it.]]></description>
			<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2010/12/Gmailbox-150x150.jpg" alt="" title="Gmailbox" width="150" height="150" class="alignright size-thumbnail wp-image-53498" /></p>
<p>The General Services Administration&#8211;which oversees government procurement&#8211;will soon become <a href="http://www.gsa.gov/portal/content/208417">the first major federal office to move to cloud-based email and calendar apps</a> on an agency-wide basis. And <a href="http://googleenterprise.blogspot.com/2010/12/us-general-services-administration-is.html"> it&#8217;s chosen Google Apps to do it</a>.</p>
<p>A hard-won victory for Google, which beat out Microsoft for the $6.7 million five-year contract, leaving the folks up in Redmond more than a little peeved to see Office&#8217;s ubiquity in government threatened in this way.</p>
<p>&#8220;We are disappointed in the GSA’s internal e-mail decision,&#8221; the company said in <a href="http://blogs.technet.com/b/whymicrosoft/archive/2010/12/01/google-the-gsa-and-the-competition.aspx">a post to its &#8220;Why Microsoft&#8221; blog</a>, adding that it is nonetheless &#8220;gratified that so many federal, state &#038; local governments have chosen Microsoft to meet their business needs.&#8221;</p>
<p>You can almost hear the gritting teeth, can&#8217;t you? The horror of 15,000 GSA employees all using Gmail&#8230;.</p>
<p>So again, a coup for Google, which has been working hard to push its cloud computing suite of messaging and collaboration apps to the government. </p>
<p>Interestingly, sources close to the negotiations tell me that the RFP (Request for Proposal) for the GSA contract was amended midway through the process to allow for offshoring of government data outside the United states&#8211;as an accommodation for Google. </p>
<p><a href="http://digitaldaily.allthingsd.com/files/2010/12/gsa.jpg"><img src="http://digitaldaily.allthingsd.com/files/2010/12/gsa-275x63.jpg" alt="" title="gsa" width="275" height="63" class="aligncenter size-medium wp-image-53480" /></a></p>
<p>Which is odd, because you&#8217;d think that if the United States government is embracing cloud computing, it would prefer the clouds in which its data is stored to be within its own borders. That Google requested and was granted the option to store GSA data offshore isn&#8217;t necessarily troubling (it must meet GSA security requirements regardless), but it is&#8230;<i>interesting</i>.</p>
<p>Google wouldn&#8217;t tell me the reason for its request, although I&#8217;ve heard it may have something to do with how the company segregates data and apps geographically. It was, however, quick to insist that it isn&#8217;t planning to offshore any U.S. government data entrusted to it&#8211;at least, currently.</p>
<p>Said spokesman Andrew Kovacs, &#8220;The government&#8217;s starting with Gmail and Calendar, and their data will be stored in a segregated system located in the continental United States that is exclusively for our government customers.&#8221;</p>
]]></content:encoded>
			<wfw:commentRss>http://allthingsd.com/20101202/gsa-goes-google/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Announcing Google WindSense</title>
		<link>http://allthingsd.com/20101012/announcing-google-windsense/</link>
		<comments>http://allthingsd.com/20101012/announcing-google-windsense/#comments</comments>
		<pubDate>Tue, 12 Oct 2010 15:45:10 +0000</pubDate>
		<dc:creator>Beth Callaghan</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Voices]]></category>
		<category><![CDATA[Atlantic Wind Connection]]></category>
		<category><![CDATA[Beth Callaghan]]></category>
		<category><![CDATA[blog]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[clean energy]]></category>
		<category><![CDATA[digital]]></category>
		<category><![CDATA[frontpage]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[green]]></category>
		<category><![CDATA[green business]]></category>
		<category><![CDATA[hardware]]></category>
		<category><![CDATA[initiative]]></category>
		<category><![CDATA[innovation]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[Mid-Atlantic]]></category>
		<category><![CDATA[newsbyte]]></category>
		<category><![CDATA[offshore]]></category>
		<category><![CDATA[power grid]]></category>
		<category><![CDATA[project]]></category>
		<category><![CDATA[Rick Needham]]></category>
		<category><![CDATA[superhighway for clean energy]]></category>
		<category><![CDATA[turbines]]></category>
		<category><![CDATA[Washington Post]]></category>
		<category><![CDATA[wind]]></category>
		<category><![CDATA[Wind Farm]]></category>
		<category><![CDATA[wind turbine]]></category>
		<category><![CDATA[WindSense]]></category>

		<guid isPermaLink="false">http://voices.allthingsd.com/?p=30961</guid>
		<description><![CDATA[Google has announced plans to invest in the Atlantic Wind Connection, a project that will connect 6,000 megawatts of offshore wind turbines to the Mid-Atlantic power grid. In the blog post announcing the initiative, Rick Needham, Google's green-business operations director, described it as a "superhighway for clean energy." According to the Washington Post, the tech giant is part of a consortium of tech and investment firms involved in the project, the first phase of which is valued at $1.8 billion.]]></description>
			<content:encoded><![CDATA[<p><a href="http://googleblog.blogspot.com/2010/10/wind-cries-transmission.html">Google has announced</a> plans to invest in the Atlantic Wind Connection, a project that will connect 6,000 megawatts of offshore wind turbines to the Mid-Atlantic power grid. In the blog post announcing the initiative, Rick Needham, Google&#8217;s green-business operations director, described it as a &#8220;superhighway for clean energy.&#8221; <a href="http://www.washingtonpost.com/wp-dyn/content/article/2010/10/12/AR2010101201904.html?wpisrc=nl_tech">According to the Washington Post</a>, the tech giant is part of a consortium of tech and investment firms involved in the project, the first phase of which is valued at $1.8 billion.</p>
]]></content:encoded>
			<wfw:commentRss>http://allthingsd.com/20101012/announcing-google-windsense/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>"Investing in Our People." Is That Another Layoff Euphemism, IBM?</title>
		<link>http://allthingsd.com/20100303/ibm-bolsters-shrinking-labor-pool/</link>
		<comments>http://allthingsd.com/20100303/ibm-bolsters-shrinking-labor-pool/#comments</comments>
		<pubDate>Wed, 03 Mar 2010 12:41:22 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[acquisitions]]></category>
		<category><![CDATA[Alliance@IBM]]></category>
		<category><![CDATA[Alliance@IBM/CWA Local 1701]]></category>
		<category><![CDATA[digital]]></category>
		<category><![CDATA[employees]]></category>
		<category><![CDATA[growth initiatives]]></category>
		<category><![CDATA[hardware]]></category>
		<category><![CDATA[IBM]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[John Paczkowski]]></category>
		<category><![CDATA[layoffs]]></category>
		<category><![CDATA[Lee Conrad]]></category>
		<category><![CDATA[lifetime employment]]></category>
		<category><![CDATA[offshore]]></category>
		<category><![CDATA[profit]]></category>
		<category><![CDATA[R&D]]></category>
		<category><![CDATA[resource actions]]></category>
		<category><![CDATA[Sam Palmisano]]></category>
		<category><![CDATA[share]]></category>
		<category><![CDATA[shareholders]]></category>
		<category><![CDATA[software]]></category>
		<category><![CDATA[Web site]]></category>

		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=35995</guid>
		<description><![CDATA[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."]]></description>
			<content:encoded><![CDATA[<blockquote><p>
&#8220;We’re not looking back, we’re looking ahead. We’re continuing to invest in R&#038;D, in strategic acquisitions, in growth initiatives–and most importantly, during these difficult times, in our people.&#8221;</p>
<p>&#8211;<a href="http://digitaldaily.allthingsd.com/20090309/will-this-new-long-term-view-approach-also-include-layoffs/">IBM CEO Sam Palmisano in his letter to shareholders last year</a>
</p></blockquote>
<p><img src="http://digitaldaily.allthingsd.com/files/2010/03/palmisanolayoffs.jpg" alt="" title="palmisanolayoffs" width="150" height="183" class="alignright size-full wp-image-35997" />So much for IBM’s lifetime employment concept.</p>
<p>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 <a href="http://localtechwire.com/business/local_tech_wire/news/blogpost/7143700/">&#8220;resource actions.&#8221;</a> </p>
<p>The <a href="http://www.endicottalliance.org/jobcutsreports.php">Alliance@IBM/CWA Local 1701 Web site</a>, which tracks layoffs at IBM (IBM), reports that some 2,544 IBM employees have been let go this week, with more to follow. And unsurprisingly, the group says off-shoring is, once again, to blame. </p>
<p>Evidently, RA’d employees are being asked to train their overseas replacements before they’re cut. &#8220;IBM is shifting work offshore,” Alliance@IBM national director Lee Conrad told me. &#8220;The company appears to be abandoning the US workforce.&#8221;</p>
<p>And this, not two months after IBM announced that its full-year profit will be at least $11 a share, exceeding earlier targets. </p>
<p>What was that about investing in our people, again, Sam?</p>
<p><strong>PREVIOUSLY:</strong></p>
<ul>
<li><a href="http://digitaldaily.allthingsd.com/20090325/ibm-the-i-stands-for-india/"> IBM: The &#8220;I&#8221; Stands for &#8220;India&#8221; </a></li>
<li><a href="http://digitaldaily.allthingsd.com/20090309/will-this-new-long-term-view-approach-also-include-layoffs/">Will This New “Long-Term View” Approach Also Include Layoffs?</a></li>
<li><a href="http://digitaldaily.allthingsd.com/20090326/black-thursday-at-big-blue-2/">Black Thursday at Big Blue </a></li>
<li><a href="http://digitaldaily.allthingsd.com/20090127/so-much-for-ibms-lifetime-employment-concept/">IBM: Maybe No One Will Notice Our 2,800 Layoffs…</a></li>
</ul>
]]></content:encoded>
			<wfw:commentRss>http://allthingsd.com/20100303/ibm-bolsters-shrinking-labor-pool/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Black Thursday at Big Blue [UPDATED]</title>
		<link>http://allthingsd.com/20090326/black-thursday-at-big-blue-2/</link>
		<comments>http://allthingsd.com/20090326/black-thursday-at-big-blue-2/#comments</comments>
		<pubDate>Thu, 26 Mar 2009 14:13:17 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[2008]]></category>
		<category><![CDATA[Alliance@IBM]]></category>
		<category><![CDATA[Big Blue]]></category>
		<category><![CDATA[cash flow]]></category>
		<category><![CDATA[cut]]></category>
		<category><![CDATA[econalypse]]></category>
		<category><![CDATA[employees]]></category>
		<category><![CDATA[fourth quarter]]></category>
		<category><![CDATA[Global Business Services]]></category>
		<category><![CDATA[IBM]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[John Paczkowski]]></category>
		<category><![CDATA[Lee Congrad]]></category>
		<category><![CDATA[margin growth]]></category>
		<category><![CDATA[offshore]]></category>
		<category><![CDATA[performance]]></category>
		<category><![CDATA[pre-tax earnings]]></category>
		<category><![CDATA[profit]]></category>
		<category><![CDATA[resource actions]]></category>
		<category><![CDATA[results]]></category>
		<category><![CDATA[revenue]]></category>
		<category><![CDATA[revenues]]></category>
		<category><![CDATA[Sam Palmisano]]></category>
		<category><![CDATA[services]]></category>
		<category><![CDATA[software]]></category>

		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=15448</guid>
		<description><![CDATA[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.]]></description>
			<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2009/03/largest-axe3jpg-150x150.jpg" alt="largest-axe3jpg" title="largest-axe3jpg" width="150" height="150" class="alignright size-thumbnail wp-image-14659" /></p>
<p>The ax is indeed swinging at Big Blue. Following <a href="http://digitaldaily.allthingsd.com/20090325/ibm-the-i-stands-for-india/">reports</a> that it is preparing to cut thousands of jobs in its global services unit, IBM (IBM) said Thursday it has begun notifying employees of what it likes to euphemistically refer to as &#8220;resource actions.&#8221;</p>
<p>“On March 26, we notified some employees to inform them that some jobs were being eliminated,&#8221; a spokesperson said in a statement. &#8220;IBM continuously evaluates its mix of skills and resources throughout the year, and makes changes as needed. Managing resources in this way keeps us competitive, while adapting to the evolving needs of our clients. We anticipate that some employees will find other positions within IBM, and we’re helping them in that effort. Those employees who leave IBM will receive separation benefits.”</p>
<p>According to Lee Conrad, spokesman for a union group called Alliance@IBM, &#8220;Employees are being notified this morning. We do know that 1,674 employees in the application Services unit will lose their jobs. This is one more in a series of IBM job cuts that have contributed to the downward slide of the IBM USA employee population. We see increases in the shifting of jobs offshore as US IBM employees are terminated.&#8221;</p>
<p>All told, some 5,000 staff are expected to be affected by the cuts, most in IBM&#8217;s Global Business Services division. An ironic twist of fate given IBM CEO Sam Palmisano&#8217;s January all-hands message to employees recognizing the division for its contributions to the company&#8217;s latest earnings report:</p>
<p><em>Under extremely challenging economic circumstances, we had a strong fourth quarter and a great 2008. I want to thank you for everything you have done to help achieve this impressive performance.</p>
<p>Our 2008 results set several records: record revenue of $103.6 billion&#8211;the first time IBM has passed the $100 billion mark; record pre-tax earnings of $16.7 billion, up 15 percent from 2007; record earnings per share of $8.93; and record free cash flow of $14.3 billion.</p>
<p>In the fourth quarter we had particularly strong contributions from our services and software businesses and from growth markets. Our two Global Services segments together delivered pre-tax profit growth of 32 percent and margin growth of 4 points on lower revenues compared to 2007. We signed 24 deals larger than $100 million&#8211;the highest we’ve seen in quite some time.</em></p>
<p><strong>UPDATE:</strong> Some interesting comments popping up on <a href="http://www.endicottalliance.org/jobcutstatusandcomments.php">the Alliance@IBM boards</a>, among them this one, which offers another explanation for &#8220;resource actions&#8221; like today&#8217;s:</p>
<blockquote><p>&#8220;This is not a story about another 5,000 layoffs in the sea of the millions already laid off. That&#8217;s exactly how IBM wants you to report it. In fact, the recession and other layoffs are great cover for IBM. The real story is this is not a typical recessionary layoff, pruning poor performers or re-balancing skills for client needs. This is a story about a deliberate and systematic business strategy to replace 15-20K American workers each year with lower-cost BRIC (Brazil, India, China) workers.  So far this year, it is approaching 10K (5K in Jan; 5K today) with rumors of more to come in June and in the fall. This is not a story about moving unskilled work to another country. The layoffs have included highly-skilled and experienced professionals&#8211;scientists with PhDs, MBAs, seasoned software developers, marketing experts, consultants, project managers and manufacturing workers. This is a story about throwing near-retirement workers into the layoff pool&#8211;and using some of the savings (not sent overseas) to hire lower cost &#038; unsuspecting new college grads.&#8221;</p></blockquote>
<p><strong>PREVIOUSLY:</strong></p>
<ul>
<li><a href="http://digitaldaily.allthingsd.com/20090325/ibm-the-i-stands-for-india/"> IBM: The &#8220;I&#8221; Stands for &#8220;India&#8221; </a></li>
<li><a href="http://digitaldaily.allthingsd.com/20090309/will-this-new-long-term-view-approach-also-include-layoffs/">Will This New “Long-Term View” Approach Also Include Layoffs?</a></li>
<li><a href="http://digitaldaily.allthingsd.com/20090127/so-much-for-ibms-lifetime-employment-concept/">IBM: Maybe No One Will Notice Our 2,800 Layoffs…</a></li>
</ul>
]]></content:encoded>
			<wfw:commentRss>http://allthingsd.com/20090326/black-thursday-at-big-blue-2/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Black Thursday at Big Blue [UPDATED]</title>
		<link>http://allthingsd.com/20090326/black-thursday-at-big-blue-2-2/</link>
		<comments>http://allthingsd.com/20090326/black-thursday-at-big-blue-2-2/#comments</comments>
		<pubDate>Thu, 26 Mar 2009 14:13:17 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[2008]]></category>
		<category><![CDATA[Alliance@IBM]]></category>
		<category><![CDATA[Big Blue]]></category>
		<category><![CDATA[cash flow]]></category>
		<category><![CDATA[cut]]></category>
		<category><![CDATA[econalypse]]></category>
		<category><![CDATA[employees]]></category>
		<category><![CDATA[fourth quarter]]></category>
		<category><![CDATA[Global Business Services]]></category>
		<category><![CDATA[IBM]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[John Paczkowski]]></category>
		<category><![CDATA[Lee Congrad]]></category>
		<category><![CDATA[margin growth]]></category>
		<category><![CDATA[offshore]]></category>
		<category><![CDATA[performance]]></category>
		<category><![CDATA[pre-tax earnings]]></category>
		<category><![CDATA[profit]]></category>
		<category><![CDATA[resource actions]]></category>
		<category><![CDATA[results]]></category>
		<category><![CDATA[revenue]]></category>
		<category><![CDATA[revenues]]></category>
		<category><![CDATA[Sam Palmisano]]></category>
		<category><![CDATA[services]]></category>
		<category><![CDATA[software]]></category>

		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=15448</guid>
		<description><![CDATA[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.]]></description>
			<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2009/03/largest-axe3jpg-150x150.jpg" alt="largest-axe3jpg" title="largest-axe3jpg" width="150" height="150" class="alignright size-thumbnail wp-image-14659" /></p>
<p>The ax is indeed swinging at Big Blue. Following <a href="http://digitaldaily.allthingsd.com/20090325/ibm-the-i-stands-for-india/">reports</a> that it is preparing to cut thousands of jobs in its global services unit, IBM (IBM) said Thursday it has begun notifying employees of what it likes to euphemistically refer to as &#8220;resource actions.&#8221; </p>
<p>“On March 26, we notified some employees to inform them that some jobs were being eliminated,&#8221; a spokesperson said in a statement. &#8220;IBM continuously evaluates its mix of skills and resources throughout the year, and makes changes as needed. Managing resources in this way keeps us competitive, while adapting to the evolving needs of our clients. We anticipate that some employees will find other positions within IBM, and we’re helping them in that effort. Those employees who leave IBM will receive separation benefits.”</p>
<p>According to Lee Conrad, spokesman for a union group called Alliance@IBM, &#8220;Employees are being notified this morning. We do know that 1,674 employees in the application Services unit will lose their jobs. This is one more in a series of IBM job cuts that have contributed to the downward slide of the IBM USA employee population. We see increases in the shifting of jobs offshore as US IBM employees are terminated.&#8221;</p>
<p>All told, some 5,000 staff are expected to be affected by the cuts, most in IBM&#8217;s Global Business Services division. An ironic twist of fate given IBM CEO Sam Palmisano&#8217;s January all-hands message to employees recognizing the division for its contributions to the company&#8217;s latest earnings report:</p>
<p><em>Under extremely challenging economic circumstances, we had a strong fourth quarter and a great 2008. I want to thank you for everything you have done to help achieve this impressive performance.</p>
<p>Our 2008 results set several records: record revenue of $103.6 billion&#8211;the first time IBM has passed the $100 billion mark; record pre-tax earnings of $16.7 billion, up 15 percent from 2007; record earnings per share of $8.93; and record free cash flow of $14.3 billion.</p>
<p>In the fourth quarter we had particularly strong contributions from our services and software businesses and from growth markets. Our two Global Services segments together delivered pre-tax profit growth of 32 percent and margin growth of 4 points on lower revenues compared to 2007. We signed 24 deals larger than $100 million&#8211;the highest we’ve seen in quite some time.</em></p>
<p><strong>UPDATE:</strong> Some interesting comments popping up on <a href="http://www.endicottalliance.org/jobcutstatusandcomments.php">the Alliance@IBM boards</a>, among them this one, which offers another explanation for &#8220;resource actions&#8221; like today&#8217;s:</p>
<blockquote><p>&#8220;This is not a story about another 5,000 layoffs in the sea of the millions already laid off. That&#8217;s exactly how IBM wants you to report it. In fact, the recession and other layoffs are great cover for IBM. The real story is this is not a typical recessionary layoff, pruning poor performers or re-balancing skills for client needs. This is a story about a deliberate and systematic business strategy to replace 15-20K American workers each year with lower-cost BRIC (Brazil, India, China) workers.  So far this year, it is approaching 10K (5K in Jan; 5K today) with rumors of more to come in June and in the fall. This is not a story about moving unskilled work to another country. The layoffs have included highly-skilled and experienced professionals&#8211;scientists with PhDs, MBAs, seasoned software developers, marketing experts, consultants, project managers and manufacturing workers. This is a story about throwing near-retirement workers into the layoff pool&#8211;and using some of the savings (not sent overseas) to hire lower cost &#038; unsuspecting new college grads.&#8221;</p></blockquote>
<p><strong>PREVIOUSLY:</strong></p>
<ul>
<li><a href="http://digitaldaily.allthingsd.com/20090325/ibm-the-i-stands-for-india/"> IBM: The &#8220;I&#8221; Stands for &#8220;India&#8221; </a></li>
<li><a href="http://digitaldaily.allthingsd.com/20090309/will-this-new-long-term-view-approach-also-include-layoffs/">Will This New “Long-Term View” Approach Also Include Layoffs?</a></li>
<li><a href="http://digitaldaily.allthingsd.com/20090127/so-much-for-ibms-lifetime-employment-concept/">IBM: Maybe No One Will Notice Our 2,800 Layoffs…</a></li>
</ul>
]]></content:encoded>
			<wfw:commentRss>http://allthingsd.com/20090326/black-thursday-at-big-blue-2-2/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

