IBM Layoffs Started Last Week; Time for a New Kind of Corporation
January 26, 2009 Timothy Prickett Morgan
Two weeks ago, we told you about the rumors running around that IBM would cut somewhere from 10,000 to 16,000 of its worldwide workforce, which numbers some 400,000 people, so it could keep its profits growing in the double digits even as its revenues are expected to drop in the first half of 2009. Those layoffs have, according to reports from IBMers, began. IBM has not confirmed that there are layoffs, except to note in its financial reports last week that it is continually rebalancing its workforce, which means firing people where business is slack or projects are not panning |