Biggest corporate lay-off in history? IBM could cut 110,000 jobs - including 5,000 here within days

[Arcadiasix]

Thousands of British jobs are at risk as technology giant IBM is reported to be preparing to cut a quarter of its workforce in the biggest corporate staff cull in history.

More than 110,000 jobs could disappear worldwide in a major restructuring at the once-dominant computing goliath – nicknamed ‘Big Blue’.

Some 20,000 are employed by the company in the UK across 24 offices, including sites in Portsmouth, London, Manchester and Edinburgh.


Read more: http://www.dailymail.co.uk/news/article-2927172/Biggest-corporate-lay-history-expected-days-IBM-believed-scrapping-110-000-430-000-workforce-world.html#ixzz3PzKM1d7R
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http://www.dailymail.co.uk/news/article-2927172/Biggest-corporate-lay-history-expected-days-IBM-believed-scrapping-110-000-430-000-workforce-world.html#ixzz3PzCqey4Z

[MannyGoldstein]

1. Holy #%^*

That's a lot of jobs

[msongs]

2. the cuts will pay for tons of minimal wage workers in "other" countries who may replace the laid

off workers.

[JimDandy]

5. 440,000 people employed by IBM? Seems too high. n/t

[Kelvin Mace]

3. And Wall Street

is wetting its pants in glee.

[herding cats]

4. IBM denies plans to cut 26% of workforce

Technology giant says US technology blogger’s claims of 110,000 job cuts are ‘ridiculous’ speculation

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“IBM does not comment on rumors, even ridiculous or baseless ones,” the company said. “If anyone had checked information readily available from our public earnings statements, or had simply asked us, they would know that IBM has already announced the company has just taken a $600m charge for workforce rebalancing. This equates to several thousand people, a small fraction of what’s been reported."

<>
http://www.theguardian.com/technology/2015/jan/26/ibm-technology-giant-110000-jobs-cut-claims

Sadly, several thousand are still losing their jobs, but at least not the full 110,000 speculated.

[shenmue]

6. Horrible

I know what it's like to lose your job.