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Cringely Predicts IBM Will Shed 78% of US Employees By 2015

Posted by timothy on from the should-switch-to-fashion-branding-with-cool-logo dept.

Third Position writes "Cringely with more predictions about IBM: 'The direct impetus for this column is IBM's internal plan to grow earnings-per-share (EPS) to $20 by 2015. The primary method for accomplishing this feat, according to the plan, will be by reducing U.S. employee head count by 78 percent in that time frame.' So far, Cringely's pronouncements about IBM have been approximately true, even if he missed the exact numbers and timeframes. Is he right this time?"

1 of 273 comments (clear)

  1. Re:Probably Wrong by Anonymous Coward · · Score: 0, Troll

    I grew up in eastern PA. Boy, did they love their unions. Unions will save us all from the big, bad, evil companies. And there were some very large union shops - Bethlehem Steel (gone), Mack Truck (tiny little shell of what it was), Western Electric (gone), and many more, mostly all gone. Yes indeed, those unions did a mighty fine job. They didn't save a single job, they just ensured that in the future there would be no jobs at all. Take your unions and shove them as far up your ass as you possibly can.