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IBM to lay off 100,000+

May 4, 2007

The layoffs will affect more than 100,000 workers according to Robert Cringley with PBS.  The plan will likely increase the value of IBM shares as it involves the suspension of pension benefits for workers.  Robert explains that the plan will also have the nasty side effect of gutting the company:

It is especially disconcerting for an action of this scale to take place at a time when many companies (including IBM) are complaining about a shortage of technical workers to justify a proposed expansion of H1B and other guest worker visa programs. What’s wrong with all those U.S. IBM engineers that they can’t fill the local technical labor demand? They can’t be ALL bad: after all, they were hired by IBM in the first place and retained for years. What is unstated in this H1B aspect of the story is not that technical workers are unavailable but that CHEAP technical workers are unavailable. Lopping off half the technical staff, as Global Services is apparently about to do, will eliminate much of the company’s traditional wisdom and corporate memory in an act that some people might label as age discrimination. The worst part of all is that nobody at IBM I have talked to thinks this can or will help the business. It will probably just speed up the death spiral.

 If you are an IT professional in the Dallas IBM office and are looking for a job please do not hesitate sending your resume our way. 

Written by Alexander Muse · Filed Under Blog 

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