IBM axes 5000 jobs in US; moving work to India

[mrsadm]

"IBM'S RUTHLESS APPETITE for maintaining its high profits will again be demonstrated today, as the firm axes yet another 5000 workers in a new round of layoffs.

Sources reckon the 5000 redundancies will be made in the US, proving yet again that given the choice, IBM will burn its western workers for the lower labour costs of India.

The most significant workforce hemorrhage will come from the services division, apparently, and workers will be told today.

IBM's U.S. workforce stood at 115,000 employees back in December 2008, so this latest cut will affect roughly four per cent. Something 400,000 employee strong IBM must consider a drop in the ocean. So much for corporate loyalty."

Full article here: http://www.theinquirer.net/inquirer/news/543/1051543/ibm-axes-5000-jobs

[fasttense]

1. And Americans wonder why the unemployment numbers keep going up and up and up......

[OhioChick]

5. No kidding...

This is getting insane. Hopefully soon, Obama will keep up with those campaign promises of ending outsourcing of white and blue collar jobs.

[antigop]

2. other articles posted on DU refer to an Alliance trying to get a union

So why aren't IBM employees beating down a path to the Alliance's door?

How much more are they going to take?

[sinkingfeeling]

3. The group was formed in Endicott years ago. Here's a link to their website.

http://www.endicottalliance.org/

[ChromeFoundry]

4. Then India can add to the bailout funds...

Sam Palmisano: IBM CEO begs Obama for bailout

http://gawker.com/5078804/ibm-ceo-begs-obama-for-bailout

[Deja Q]

11. Agreed 1000%. "Global economy". No more leeches.

[OhioChick]

20. "No more leeches" is right.

:thumbsup:

[kentuck]

6. Well, they need a tax break!

For taking those jobs overseas.

[Kalyke]

7. OK - so when they outsource all our jobs, who's going to be able

to afford to buy these IBM products?

:shrug:

[antigop]

8. DO. YOU. REALLY. THINK. THEY. CARE?

The executives will have their money. They will have their bonuses, their huge compensation packages.

[sinkingfeeling]

9. IBM no longer makes any consumer products. Only equipment and software used by businesses.

[Romulox]

10. Wow. That's a LOT of late Honda payments! nt

[OhioChick]

12. What's that have to do with "Honda payments?"

:shrug:

[Hello_Kitty]

13. That's a globalist's idea of a joke

"Hur hur you bought a Honda so it's okay that you lost your job hur hur" :eyes:

[Romulox]

14. Er, just the opposite. Think about it. nt

[Romulox]

15. It means that "Free Trade" cuts more than one way. We've discussed this.

I oppose outsourcing tech jobs, and I oppose outsourcing manufacturing jobs.

[OhioChick]

17. Agreed.

Didn't know it was "you." ;-)

[mnhtnbb]

16. Many of the layoffs are coming to workers at RTP in NC--called Black Thursday

According to one anonymous employee comment on the Alliance@IBM site, more than 300 IBM workers in North Carolina will lose their jobs today. Conrad speculated that number may prove to be too low, based on the anticipated depth of the cuts.


http://www.newsobserver.com/business/story/1459224.html

[RagAss]

18. Fuck IBM...Why do they hate Americans?

[dkofos]

19. Another 5000 unemployed, and $250,000,000 out of the economy.