Massive Layoff Underway At IBM

Tekla Perry writes: Project Chrome, a massive layoff that IBM is pretending is not a massive layoff, is underway. At more than 100,000 people, it is projected to be the largest mass layoff by any U.S. corporation in at least 20 years. Alliance@IBM, the IBM employees' union, says it has so far collected reports of 5000 jobs eliminated, but those are just numbers of those getting official layoff notices. According to anecdotal reports, IBM appears to be abusing the performance appraisal system to cut additional employees without officially laying them off.

Comments

Re:Tsk. And they wonder where employee loyalty wen

[kamapuaa]

The guy who lied about having a PhD from Stanford, and of being an early Apple employee? Who 20 years ago had a humor column in a now-defunct magazine, before John Dvorak took it over?

Re:But We Need More H1-Bs!

[AaronW]

Amen to that. I've interviewed far too many people that I don't consider qualified. It's to the point where if I see certain large companies in their resumes it's a red flag. Finding GOOD tech workers is hard.

Re:You are the 1%

[lucm]

No, you are the one who doesn't understand. The "Wall Street People" are not the evil characters portrayed by the pot smokers of OWS; they are not simple crooks that steal money from widows and dentists. Most of those people are actually working for large investment firms, pension funds, mutual funds and other institutions where YOUR money is pooled. They are the ones pulling the levers and snorting coke on their way to work, but the juice comes from YOUR wallet, and the profits go back to YOUR wallet as well.

So YOU are the 1%. That is, unless you're a broke-ass idiot or a mattress investor, in which case you can go smoke pot with the OWS people.

Re:that happens, but 11 failing quarters in a row

[jcr]

at some point she gave herself a 16 million dollar bonus

No, the HP board of directors gave her that bonus. Carly's story is bad enough without making shit up.

-jcr