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IBM to Lay Off Half of Global Services Division

Posted by ryuzaki0 on from the pink-slips dept.

Rolgar writes "Cringely says that IBM has begun massive layoffs in a quiet manner, starting with 1300 employees, but by the end of the year, the total will rise to at least 100,000 and probably closer to 150,000 employees, nearly 40% of their U.S. workforce. Some people will be temporarily retained as contractors at a fraction of their salary, and eventually, IBM will also dump many of the unprofitable customer contracts worked on by Global Services or outsource the work to Asia. If these people are looking for work, that could seriously drop wages for technical workers in the US since they will have to compete with these people for available jobs."

5 of 553 comments (clear)

  1. Re:Thanks Cringely by Anonymous Coward · · Score: 5, Funny

    Yep. I'm not going to believe it until Dvorak writes an article about it.

  2. Why First Post when I can.... by josteos · · Score: 5, Funny

    Last Post!

    (from inside my IBM cubefarm)

    --
    Save the Music; Save the World at http://www.TuneTriever.com (Our latest Android game)
  3. Don't Worry Guys... by FrankDrebin · · Score: 5, Funny

    ...SCO will hire y'all with the cash they win from your former employer.

    --
    Anybody want a peanut?
  4. Re:Go with GCI, Ta-Ta, Sy People, etc by Anonymous Coward · · Score: 5, Funny

    >They treat the employees like cattle (presumably like they do in India) and have little to no benefits.

    At least it is a country that worship cows...

    It would be bad if they treat employees like cattles in Texas.

  5. Re:Go with GCI, Ta-Ta, Sy People, etc by Anonymous Coward · · Score: 5, Funny

    What, like my Indian ex-co-worker who bit into a piece of prime rib and said "mmmm.... god"?