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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."

1 of 131 comments (clear)

  1. Just another IT layoff by boyfaceddog · · Score: 1, Redundant

    I know this is an oversimplification, but isn't this just another IT layoff?
    From what I understand, the people being laid off don't actually "make" anything, they just support the stuff other people create. Doesn't that make them a potential target for any layoff or outsourcing venture? In that light, this doesn't sound so far fetched, at least not to me.

    --
    Here will be an old abusing of God's patience and the king's English.