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| IBM to Lay Off Half of Global Services Division |
| from the pink-slips dept. |
| posted by CowboyNeal on Friday May 04, @15:46 (IBM) |
| http://slashdot.org/article.pl?sid=07/05/04/1826221 |
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Rolgar writes "Cringely says that IBM has [0]begun massive layoffs in a
quiet manner, starting with 1300 employees, but by the end of the year,
the total will rise to at least 100,000 and probably closer to 150,000
employees, nearly 40% of their U.S. workforce. Some people will be
temporarily retained as contractors at a fraction of their salary, and
eventually, IBM will also dump many of the unprofitable customer
contracts worked on by Global Services or outsource the work to Asia.
If
these people are looking for work, that could seriously drop wages for
technical workers in the US since they will have to compete with these
people for available jobs."
Discuss this story at:
http://slashdot.org/comments.pl?sid=07/05/04/1826221
Links:
0.
http://www.pbs.org/cringely/pulpit/2007/pulpit_20070504_002027.html
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