LayoffBlog.com

April 16, 2009

If your job moves to India, follow it

Filed under: IBM,India — 7macaw @ 6:37 am
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IBM’s Project Match, would allow laid-off US and Canadian workers to apply for IBM jobs in India and other low-cost countries and would help them with visas and moving costs.

If hired by IBM in a foreign country, employees would work under that country’s terms and conditions, which would mean they would earn a much lower wage than in the United States.

Source: EDN.com

April 13, 2009

IBM set to axe thousands in move to cheap labour abroad

IBM is planning to axe thousands of jobs in Britain, Germany and Ireland as part of a broader move to shift much of its workforce to cheaper outlets in eastern Europe, China, India and South America, the Observer has learned.

IBM workers in India earn an average $5,000 a year, compared with between $50,000 and $80,000 for a similar job in the US.

The expected European job cuts come on top of 5,000 recent layoffs at IBM in America. The US cuts brought the total number of redundancies on IBM’s home turf to around 9,600 for the first three months of the year.

Source: Guardian

March 25, 2009

IBM Cutting More Jobs, Shifting Work to India

Weeks after slashing nearly 5,000 jobs, IBM is expected to shift the work of a large number of U.S. workers to IBM employees working in India, the latest example of a successful company that is continuing to slash costs and take advantage of cheap Asian labor, WSJ reported.

Source: WSJ, Fox Business News

Update (March, 25, 2009): IBM to cut 5,000 jobs in U.S: According to Reuters: “The job cuts will account for over 4 percent of IBM’s U.S. workforce, which totaled around 115,000 at the end of 2008. The sources, who were not authorized to speak publicly on the issue, said the cuts will mostly be in IBM’s global services business, which includes outsourcing and consulting services.”

BusinessWeek also reports (“IBM Cuts Jobs As It Seeks Stimulus Money“): “..the company would be cutting high-skill positions domestically as it and others jockey for new business from the $787 billion stimulus package Congress enacted in February”

March 18, 2009

IBM in talks to buy Sun Microsystems

According to Reuters, Yahoo News: “IBM is in talks to buy Sun Microsystems Inc for at least $6.5 billion, The Wall Street Journal reported, in a deal that could bolster their computer server products against rivals such as Hewlett-Packard Co.

That would translate into a premium of about 100 percent over Sun’s Nasdaq closing price Tuesday of $4.97 a share, the paper said, citing people familiar with the matter.”

Sun stock is down 71 percent in the last 52 weeks, a far cry from an all-time high of $258.75 that it touched during the dot-com boom. The company — which is shedding up to 6,000 jobs, or 18 percent of its workforce — reported a net loss of $209 million for its second quarter ended December 28, compared with year-earlier net profit of $260 million. Revenue fell 11 percent to $3.22 billion.”

February 4, 2009

IBM Offers To Move Laid Off Workers To India

Filed under: IBM,US,worldwide — 7macaw @ 8:38 am
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The climate is warm, there’s no shortage of exotic food, and the cost of living is rock bottom. That’s IBM’s pitch to the laid-off American workers it’s offering to place in India. The catch: Wages in the country are pennies-on-the-dollar compared to U.S. salaries.

Under a program called Project Match, IBM will help workers laid off from domestic sites obtain travel and visa assistance for countries in which Big Blue has openings. Mostly that’s developing markets like India, China, and Brazil.

Source: InformationWeek

January 28, 2009

IBM layoffs now 4,200 — may go higher

Filed under: IBM,US — 7macaw @ 7:41 am
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IBM’s not-so-secret layoffs may have reached 4,200, according to Alliance@IBM, which believes that thousands of other employees will be losing their jobs as well before the cuts end.

According to Lee Conrad, a former IBM employee who is now the national coordinator of Alliance@IBM, about 1,200 employees who work in IBM’s systems technology group at sites around the country have been laid off, and about 200 in the research division were let go as well. These reports bring the total layoff count at IBM to about 4,200.

Source: Computerworld

January 15, 2009

IBM to open center in Dubuque, IA, create 1,300 jobs

Filed under: FYI,IBM,outsourcing,US — 7macaw @ 9:46 am
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International Business Machines Corp. said Thursday it plans to open a technology service delivery center in Dubuque, Iowa, creating 1,300 jobs in the northeast part of the state. The center will provide operational support, including maintenance and monitoring of computer hardware and software systems, to IBM clients in the U.S. and around the world.

IBM officials said they selected Dubuque because of the city’s strong reputation as a place that values public-private partnerships.

Source: AP

January 6, 2009

Union tries to organize IBM workers

According to Yahoo Tech: “One message states that IBM will announce 16,000 layoffs on Jan. 23, affecting workers worldwide. Similar predictions are made in other recent posts on the site, which is run by the Alliance@IBM/Communications Workers of America Local 1701, a union that is trying to organize IBM workers.”

“The union, while still in an organizing phase and not yet recognized by IBM, has about 6,000 members, including IBM employees and retirees, according to national coordinator Lee Conrad. But because the union has not reached an employment contract with IBM, there is “not an awful lot” it can do except raise awareness of the issue”.

LayoffBlog.com: Stay tuned for more info.

January 5, 2009

Rumor: Massive layoffs are coming to IBM later this month

An unofficial online employee Web site, IBMemployee.com, says massive layoffs are coming to Big Blue later this month, according to Times Herald-Record.

“All divisions in IBM will be affected,” says one entry, adding the majority of those cuts will be announced Jan. 23.

“Several more posts say approximately 16,000 employees, mostly in the U.S., will be affected.”

  • IBM has more than 386,000 employees worldwide, according to its Web site. If the rumored 16,000 figure proves accurate, then, it would equal roughly a 4% reduction in headcount.

IBM’s been cutting people every couple of weeks, but they’re small, silent cuts. What we’re concerned about is a massive one, according to various insider sources.

Update: Union tries to organize IBM workers

Update 1 (Jan 06, 2008): IBM Employees Buzzing About Layoff Rumors

Update 2 (Jan 11, 2009): IBM approves Obama’s IT stimulus package; $30bn will create 900,000 jobs, healthy IBM

Rumor (Jan 19, 2009): Massive layoff packages offered on 1/27

Update 3 (Jan 19, 2009): Stress levels rise at IBM as word of job cuts swirls

Update 4 (Jan 20, 2009):

  • Several sources warn of imminent job cuts announcement.
  • IBM Profit Tops Forecast; Outlook Better than Expected, according to CNBC: “The guidance of $9.20 is awesome… looks like their outsourcing, packaging, cost containment strategy is working. They executed really well..”

Update 5 (Jan 21, 2009):

  • According to rumor, IBM started to cut sales and engineering positions in US.
  • The arguably more-important indicator of IBM’s performance — its top line — fell 6.4%, according to WSJ

Update  6 (Jan 22, 2008):

  • IBM confirms job layoffs: “28 out of 45 cut,” according to a another entry, from Austin, Texas. “Young and old, top and bottom performers. Never show me great 4Q numbers again.”, according to Betanews
  • IBM employees reported yesterday that the layoffs are already happening in IBM software and distribution divisions in the US and Canada, according to multiple news sources

Update 7 (March 11, 2009): Scattered layoffs in IBM can touch 4,600

Update 8 (March 25, 2009): IBM to Cut 5,000 U.S. Jobs, Shifting Work to India

~ LayOffBlog.com: Please feel free to comment this info and/or send us your updates regarding IBM layoffs. ~


Jack D. Kuehler, key IBM executive, dies at 76

Filed under: FYI,IBM,Technology,US — DF @ 1:49 pm
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Jack D. Kuehler, an electrical engineer who became the highest ranking technologist at IBM and served as the company’s vice chairman during the 1980s when IBM dominated the global high-tech industry, has died. He was 76.
Sources: Forbes, AP

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