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IBM Preparing For US Layoffs in Services Unit
Wednesday March 25, 2009, 2:38 pm EDT
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IBM 97.95 -0.35
{"s" : "ibm","k" : "c10,l10,p20,t10","o" : "","j" : ""} IBM announced on Wednesday it will lay off a large number of U.S. employees in its global-businesses services unit and many of the positions will be transferred to IBM employees in India, according to the Wall Street Journal.
The number of jobs that will be affected was not reported.
The planned domestic layoff is a said to be a sign that more companies are turning toward cheaper Asian labor in order to slash costs and navigate through the global recession.
Earlier this year, IBM (NYSE: IBM) announced layoffs of 4,600 employees in the software, sales, semiconductor and finance groups.
IBM's shares rose slightly in afternoon trading on the New York Stock Exchange
If you don't mind posting the source in the future!
But here it is:
IBM Preparing For US Layoffs in Services Unit - Yahoo! Finance (http://finance.yahoo.com/news/IBM-Preparing-For-US-Layoffs-cnbc-14744323.html - broken link)
And you know what else sux, the people who survive, end up w/ ten times more work and longer hours.
I have an offshore team and it's a nightmare. Nice people, but I'm working all day, then I have to work late at night during their day time to have meetings w/ them, then wake up early to get an update from them.
I'd like to add, it's becoming a nightmare for everyone even offshore. They work crazy hours and are on really late at night and come in on weekends to meet deadlines.
I think this is now affecting everyone globally. I don't know what's next.. another world war?
I'd like to add, it's becoming a nightmare for everyone even offshore. They work crazy hours and are on really late at night and come in on weekends to meet deadlines.
I think this is now affecting everyone globally. I don't know what's next.. another world war?
I don't know how long we all can go on like this.
Somehow I doubt the overseas Asian workers are making those complains. No wonder IBM is hiring them.
It's called work ethic. If you don't like working after hours and on weekends, then find a different job.
Somehow I doubt the overseas Asian workers are making those complains. No wonder IBM is hiring them.
It's called work ethic. If you don't like working after hours and on weekends, then find a different job.
No they don't make those complaints. But they also have little to no company loyalty. They are gone in the blink of an eye to the next company down the road that offers them more money. Very similar to the hey-day of Silicon Valley where job hopping was the norm.
The job hopping takes it's toll though as you rarely get to deal with someone in the BRIC countries that have worked on projects/code for years. They also don't understand the American customer and it's very hard to try to explain code problems and fixes across cultures.
I'd like to add, it's becoming a nightmare for everyone even offshore. They work crazy hours and are on really late at night and come in on weekends to meet deadlines.
I think this is now affecting everyone globally. I don't know what's next.. another world war?
I don't know how long we all can go on like this.
I know a few guys who went to Lenovo after they acquired IBM's PC business. One by one they left the company because they were working all day and then doing calls with China every evening. It was killing their homes lives. You can do that a couple of times a week but it was getting to be every night.
The other interesting thing is that Asia is not as cost effective for offshoring jobs as it once was. I know a few corporations who are moving operations to the mid-west and southwest. They get the same work ethic, much better infrastructure, the costs are not too far out of line and they get considerable tax breaks and political/reputational benefits.
Every company in America is considering it and Washington's anti-business stance is a big shove in this direction.
The shareholders are responding positively, because IBM is fulfilling their fiduciary duty, taking practical cost-cutting measures to stay in business in a challenging economic environment. When you can't sell more you have to pay less. It's sad that American companies have come to this point, but it's the new reality where failing to be Darwinian puts you in the heap with Circuit City, Linens 'N Things, Bombay, Sharper Image, et al.
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