Reports Coming In Of Mass IBM Layoffs Underway In The US (ieee.org)

Tekla Perry writes: Last week, IBM reported to investors that its workforce at the end of 2015 was almost as big as its workforce at the end of 2014 (within less than 1 percent), in spite of a year in which 70,000 employees left the company, to be replaced with new hires and acquisitions. Today reports are coming in that massive layoffs across the United States are underway, likely one-third of the U.S. workforce, according to one soon-to-be-laid-off-IBMer. In addition, a recent change in IBM's severance policy may leave workers with less cash than anticipated. IBM maintains that things are just business as usual, but this appears to be the day IBM Watchers have long warned about.

Comments

Trump, you're our only hope

[Sir_Eptishous]

Workers are also reporting work is being moved offshore to Hungary and Brazil.

Donald Trump will wave his magic wand and force all American multinationals to keep jobs in the US.