IBM Layoffs Job Cut: fires 600 US employees: 5000 more to go: Finance Trading Times

IBM Layoffs Job Cut: fires 600 US employees: 5000 more to go

The news is from IBM which has gone for layoffs. We had reported in the month of January 2009 about the possible IBM Layoffs Job Cut rumors and in February 2008 about the IBM layoff 700 employees (IBM fires freshers). Then there were news about the possible Sun Microsystem IBM layoffs Situation has gone worse for the US employees this time. The news is not good for the employees of IBM. Now the situation is getting worse for the employees as the recession is taking a toll on all sectors and all of the sectors are feeling the heat. The latest additon to the list of organization which may go for layoffs is the IBM. IBM Logo

How many employees may be fired in the IBM layoffs?
There are 600 job cuts by IBM. The news is that this is just the start - 5000 jobs may be cut by IBM in total.

What is the total no. of employees of IBM ?
Total No. of employees of IBM is 115,000 workers in the United States in 2008 and 70,000 in India as of now.

What will be the cost and savings by IBM layoffs?
No info available about that.

When will the IBM layoffs happen?
As per the reports, the layoffs are already underway.

Which locations and department of employees will be affected by the IBM layoffs ?
No info is available location wise. As for the business segment or department, its the IT specialists who are fired from the Global Business Services unit. The cuts in GBS Application Services stand at 1,674. Then the IT architects, sales specialists, managing consultants, systems analysts, and financial analysts are also the ones in the affected line.

What is the primary reasons for IBM layoffs?
The layoffs are being done as a part of restructuring exercise. There are rumors that the job cuts are being done fro cost cutting and all these jobs will be shifted or outsourced to cheap labour countries like India.

Any other news about IBM layoffs
As per InformationWeek, Beyond the Subcontinent, Big Blue is building its footprint in Brazil, China, Eastern Europe, and other countries and regions where salaries are low compared to U.S. standards and where growth prospects exceed those of the sluggish North American market.
Let's hope that alternative jobs are available to the affected employees of IBM Layoffs Job Cut
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1 Comment: Post your Comments

Gita said...(on 3 April 2009 at 03:07 )  

Thanks for putting all that info together. Any idea how IBM is announcing the news to the employees? How is it managing the environment within the organization? Do you think this is a critical aspect?

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