Last week, there is a rumor that IBM is going to lay off 110,000 employees, which is about 25% of their global 430,000 workforce. IBM confirmed that they do have plan for the layoff but it could be perhaps 10,000, not 110,000 that was spread in internet like wild fire.
I believe that rumors always started somewhere. Perhaps the CEO did present his 110,000 layoff plan, maybe exiting some unprofitable business, to board of directors for approval but got shoot down and only 11,000 was approved and that's could be where the rumor started.
They sold their laptop business to Lenova, and sold their server business to Lenova as well last year. They give cash to Global foundry to beg them to agree to take their foundry business away from them. So it won't surprise me if the CEO has presented a business spin off plan to board of director that will affect 110,000 employees since IBM has been busy selling off their lower profit margin business units.
No comments:
Post a Comment