Archive for the 'IBM' Category
Tuesday, August 25th, 2009
Layoffs at IBM total more than 9,000 for the year.
According to leaked copies of the company’s internal “resource action” packages, total verifiable layoffs through Aug. 24 number 9,298.
The company has acknowledged some layoffs, but has steadfastly refused to give details, such as numbers or locations.
Source: Times Herald-Record
Posted in H1B, IBM, IT, IT consulting, India, Insider info, Technology, hardware, outsourcing, software | No Comments »
Wednesday, August 5th, 2009
IBM is laying off hundreds of workers in its Global Business Services unit, which includes Sterling Forest[,NY], according to employees.
Source: Times Herald-Record
Posted in IBM | No Comments »
Thursday, June 4th, 2009
With hundreds of IBM jobs lost in Dutchess County[,NY] alone this year and persistent and rational worries about more to come in the midst of a recession, a band of activists took to the street corner Wednesday to say Big Blue should think twice.
They rallied a group of about 15 members and supporters to object to what they say IBM has been doing:
• Cutting jobs for Americans.
• Sending work overseas.
• And getting government tax breaks while doing the above.
Source: Poughkeepsie Journal
Posted in IBM, outsourcing | 2 Comments »
Monday, April 20th, 2009
Update 1 (4-20-2009)
According to Reuters: “Oracle Corp plans to enter the computer hardware market by buying Sun Microsystems Inc for more than $7 billion, swooping in after Sun’s talks with IBM fell apart.”
Update 2 (4-20-2009)
According to Reuters: “Microsoft’s chief executive said on Monday he was ‘very surprised‘ by Oracle Corp’s plans to buy Sun Microsystems Inc.”
According to WSJ: “Given Sun’s relatively low operating margins, there’s no doubt plenty of fat to cut in areas like sales and marketing.”
According to ComputerWorld: “More layoffs are expected at Sun Microsystems Inc. as a result of Oracle Corp.’s planned $7.4 billion acquisition, with one Wall Street analyst predicting today that as many as 10,000 people could lose their jobs at the Silicon Valley icon.”
~ LayOffBlog.com: Please feel free to share your comments ~
Posted in Asia, FYI, H1B, IBM, IT, IT consulting, India, Microsoft, Oracle, Sun, Technology, US, hardware, outsourcing, silicon valley, software | 19 Comments »
Thursday, April 16th, 2009
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
Posted in IBM, India | No Comments »
Monday, April 13th, 2009
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
Posted in Europe, IBM | No Comments »
Friday, April 3rd, 2009
According to Forbes: “When titans collide, blood runs. And as rumors circulated Friday that IBM and Sun Microsystems are inching toward a deal to sell the Silicon Valley computing pioneer to Big Blue for close to $7 billion, IT industry watchers began speculating on how the integration would proceed.”
IBM could lay off as much as a third of Sun’s staff to eliminate redundancies–a total of more than 10,000 employees–or the equivalent in combined Sun and IBM job cuts, according to Forrester Research analyst James Staten.
Source: Forbes
Posted in IBM, Sun, Technology, US, silicon valley, software | 10 Comments »
Wednesday, March 25th, 2009
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”
Posted in Asia, IBM, IT, India, Technology, US, outsourcing, software | 68 Comments »
Wednesday, March 18th, 2009
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.”
Posted in HP, IBM, Insider info, Sun, Technology, US, hardware, software, worldwide | No Comments »
Tuesday, March 17th, 2009
According to SFGate: “Kaiser Permanente is cutting 860 information technology jobs nationwide under a realignment that includes a $500 million deal giving IBM management duties at Kaiser’s medical records data centers.”
“The Oakland health maintenance organization, which has spent as much as $5 billion over the past five years building up its electronic records system, said Monday it has inked a seven-year deal with IBM to maximize the performance of its data processing units.”
“In a separate action, Kaiser is eliminating an additional 160 information technology jobs scattered across 30 locations as it pares back spending due to the impact of the economic downturn.”
“Of the 700 staffers affected by the IBM deal, 500 work at one of the California data centers, which are located in Pasadena, Corona, Napa, Walnut Creek and Irvine”
~News submitted by Jack R.
Posted in Health insurance, Healthcare, IBM, IT, IT consulting, Kaiser Permanente, Medical, Services, Technology, US, outsourcing, software | 32 Comments »
Wednesday, February 4th, 2009
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
Posted in IBM, US, worldwide | No Comments »
Wednesday, January 28th, 2009
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
Posted in IBM, US | No Comments »
Thursday, January 15th, 2009
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
Posted in FYI, IBM, US, outsourcing | No Comments »
Tuesday, January 6th, 2009
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.
Posted in Asia, Bay Area, California, China, H1B, IBM, IT, IT consulting, India, Insider info, Leak, Rumor, Technology, US, Union, silicon valley, software, worldwide | 20 Comments »
Monday, January 5th, 2009
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 11, 2009): IBM Cutting More Jobs, Shifting Work to India
~ LayOffBlog.com: Please feel free to comment this info and/or send us your updates regarding IBM layoffs. ~
Posted in Bay Area, California, China, H1B, IBM, IT, IT consulting, India, Insider info, Leak, Rumor, Technology, US, silicon valley, software, worldwide | 52 Comments »
Monday, January 5th, 2009
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
Posted in FYI, IBM, Technology, US | No Comments »
