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Analysts Call IBM Layoff Estimates "Hogwash"

Posted by ScuttleMonkey on from the only-time-will-tell dept.

jbrodkin writes "Rumors have been floating around saying IBM will cut 150,000 U.S. jobs, but a Network World story attempts to set the record straight by quoting analysts who say this news, if true, would wipe out the company's entire U.S. operations and would make no sense since IBM is actually doing pretty well."

2 of 131 comments (clear)

  1. Not hogwash, not just the US by Anonymous Coward · · Score: 4, Informative


    Our offices here in Winnipeg (Canada) are going to be decimated down to a skeleton staff of people to maintain our managed servers (for places like MTS, etc.) I've been hunting for another job for 2 weeks now, since a relative of mine high up at IBM told me about my office situation.

  2. That's not what they mean by konekoniku · · Score: 4, Informative

    I believe what they're saying is there are only 350,000 people in IBM worldwide, and not much more than 150,000 in the US. Hence, wiping out 150,000 jobs in the US would effectively mean offshoring the entire company, including the headquarters division.