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IBM Promised Domestic Jobs, But is Firing Thousands of US Workers and Moving Some Jobs Overseas (siliconbeat.com)
As companies fall all over themselves to hype creation of U.S. jobs, IBM is catching flak for promising thousands of new ones while firing folks right and left. From a report: Company CEO Ginni Rometty said in a December USA Today op-ed that her firm would hire 25,000 people for U.S. positions in the next four years, 6,000 of them this year. "She didn't mention that International Business Machines Corp. was also firing workers and sending many of the jobs overseas," reports Bloomberg. Big Blue wrapped up its third round of 2016 firings -- or "resource actions" in IBM HR parlance -- in late November, and job losses for the year likely totaled in the thousands, current and former employees told Bloomberg. Many of the jobs were shipped to Asia and Eastern Europe, and the firings have continued into this year, employees said.
You thought IBM meant 25,000 net jobs?
The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil
Just a reminder that the name of the company is INTERNATIONAL Business Machines, not American Business Machines. Just because the company is based in the US doesn't mean it will necessarily hire people in the US. IBM gets roughly 65% of their revenue outside the US. One would expect their staffing to reflect that fact.
I am NOT trying to defend IBM's actions. Merely pointing out that they aren't necessarily surprising and without more context it's hard to make an informed judgement about them. I'm all for the home team but that may or may not make sense for that particular company.
Why don't you give me a million gold coins first, and then we'll see what I see in them. Wake up, we're trading good jobs for Uber sleeping in the parking lot jobs. Low unemployment may mean people are desperate and taking whatever they can.
Laws are rules for the court, but merely a bottom bar to hit for life. Think beyond laws in your actions always.
Pathetic. Trump will do what he can to stop IBM from sending jobs overseas, are you saying that within the first week of being in office he should have control over every big company in the United States?
Tomorrow Trump will just announce IBM has just created 250,000 US positions after talking to him that morning....
He's a professional fraudster. Do you think he can't just make up a few numbers, while he can bar any government agencies from saying anything that contradicts his lies? He can both lie, and conceal the lies now!
e.g.
Trump: "I spend $196 million refurbishing the Washington Post Pavillion", this is the number he tells the "National Capital Planning Commission".
Yet documents filed with the "National Park Service" say $160 million to refurbish, 36 million less. This is in order to claim $32 million in federal subsidy. With him paying $128 million.
The loan is $170 million, from Deutsch bank BTW. Trump has borrowed 32% more than the cost of the refurb, with the rest skimmed off to cover losses elsewhere.
Trump says Trump-owned entities have “invested over $40 million of equity”. Yet his federal election filing says his stake is worth less than $25 million. Another mismatch.
His numbers all contradict themselves. At this point, his lease is void because he's a federal employee and cannot gain from a federal lease. So the loan from Deutsche Bank has void capital securing it. This is because he refuses to sell his business to his son, he could do that now, sell Trump Corp to his son for $1 but then his son would have all those fake numbers on his name instead of dads.
I'm guessing the federal agency that leases out the post office will get a new head who decides to simply ignore that anti corruption law, and visits Russia a lot.
But hey, 250,000 new IBM business jobs! Or was it 2.5 million!
Unless you are very very sharp - like you can read the paper on MP4 encoding - and implement it from scratch and understand the math and everything on a desert island, you'll have a future.
You are missing the much larger group of people who will continue to have jobs. They are the technical staff with the soft skills necessary to interface with business and the technical skills to make high level design decisions. This is already where most of the real money in the IT industry is made. Whether they are consultants, software architects, Director of IT, etc these workers are the most insulated from shipping jobs overseas. They are also the ones who greatly benefit from the H1B and other immigration programs.
You don't need to be in the wealthy class to have a future, but you do need to work closely with the wealthy class. If you like hiding behind your desk your days are numbered.
-- All that is necessary for the triumph of evil is that good men do nothing. -- Edmund Burke
Those kind of shenanigans will keep happening as long as the POTUS is focused on his reputation and short-term "victories" instead of long term growth through true capitalism. The biggest conundrum is that the Federal government has little role that it should be playing in promoting true capitalism besides shrinking itself to free up the money of our country for personal use. Unfortunately there is zero chance that Trump will shrink the government during the next 4 years. Now that one party is controlling both the White House and Congress, they will spend like drunk sailors. I am not saying this is a Republican thing since Democrats would do the exact same thing. I just pray that we get divided government ASAP.
Yeah. I can't wait to pay American labor rates for everything I buy.
Now instead of hearing us cry about not being able to afford health insurance, you'll hear us cry about not being able to afford anything.
Trump: Let's Make American Products Expensive Again!!
Before massive outsourcing^W globalization, people used to be able to afford houses and families and medical care on a single income.
After siphoning jobs and industries to other countries for 4 decades, how's our economy doing?
Some of us even complain that the cheap junk filling the stores has displaced higher quality products, and we'd really love to pay historical prices for historical quality.
There are lots of layers of complexity in these issues, and that is mostly lost in the food fights.