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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 probably don't know this, but IBM is also protecting US based management jobs while they are letting US based employees hit the bricks. Were you aware of that? I have a sort of relative by marriage (related to someone related to me through marriage) and he's been in middle management at IBM for probably at least 20 years now. IBM will keep him around forever even as they lay off other US based employees where he works. I'm guessing that maybe they make these people remotely manage foreign employees, but he hasn't given a lot of details and I rarely see him. I only know that he's said he has zero worries about ever losing his job there. A lot of what IBM is doing doesn't actually make a lot of sense. It's just designed to prop up the stock value.
Being removed from the GSA schedule for goods and services should be a good wake up call pour encourager les autres. After all, a vendor that is essentially angling itself as a foreign company shouldn't expect federal contracts.
Another Trump victory! All hail the chief!
Companies are adjusting their PR to give Trump apparent wins so he will lay off of them. Ford did the same thing. Both companies have had their plans set for a year or more but the PR changes. Yes IBM is hiring American workers in place A and yes they are laying off more American workers in place B to expand over seas.
The fact is that IBM just reported its 19th straight quarter of declining revenue. They will have zero jobs soon unless they turn it around.
IBM cognitive solutions and technology/cloud platforms divisions reported small year-over-year revenue increases. Meanwhile, global business services saw revenues sliding 4% lower, and systems sales came in 12.5% below the year-ago period.