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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."

6 of 131 comments (clear)

  1. Re:They're probably right, but... by Anonymous Coward · · Score: 1, Insightful

    At least they base their conclusion of more than a few anecdotes like Cringley did.

  2. When have upper management decisions . . . by alvinrod · · Score: 2, Insightful

    Since when have the decisions of upper management or CEO's ever made sense to begin with?

    Maybe there was a time long ago, but recently the only way to make sense out of half of the actions we see out of big company CEO's is if there actions will somehow justify giving themselves another $10 Million or so in salary or other bonuses.

    1. Re:When have upper management decisions . . . by fm6 · · Score: 2, Insightful

      Well, it's possible IBM's management is just acting retarded. And it's possible that Cringley is just full of shit. I know which theory I like...

  3. Re:They're probably right, but... by theNote · · Score: 2, Insightful

    IBM's silence on the issue is deafening.

  4. Re:Never underestimate the lure of the dark side.. by terjeber · · Score: 4, Insightful

    So not only is a massive layoff of this scale plausible, I think it's highly likely.

    IBM will lay off and hire people here and there always. Some times they will lay off or hire a lot of people. IBM has acquired a lot of companies the past couple of years, layoffs are inevitable. These numbers are insane though. Insane for a simple reason: IGS doesn't have 150,000 people in the US to lay off. IGS doesn't have 150,000 people in the US period. So, will IBM hire all of these people before they fire them?

    Cringely needs to lay off his mothers medication before he writes his nonsense.

  5. Bait and Switch by benj_e · · Score: 4, Insightful

    When it's all said and done, they'll layoff several thousand, and everyone will say "whew, we dodged the bullet there" since it didn't turn out to be 150K.

    And IBM will look like the good guys, or at least not-so-bad guys.

    --
    The Tao that can be spoken is not the one eternal Tao