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In reply to the discussion: Senators seek H-1B cap that starts at 115,000 and rises [View all]antigop
(12,778 posts)34. IBM's "Transformation": More Layoffs Despite Earnings Surge
http://jobs.aol.com/articles/2013/01/23/ibm-layoffs-earnings-cloud-computing/
When a company reports strong end-of-the-year earnings, workers might expect some positive news -- maybe a bonus, even. But that's not what happened at IBM. On Wednesday, the same day the Armonk, N.Y.-based technology corporation announced its net income "surge" 6 percent in the fourth quarter, reports came out that IBM was planning layoffs.
Why would workers be laid off when total net income was $5.8 billion, better than what most analysts expected?
"Transformation is a permanent feature of our business model," IBM spokesman Doug Shelton explained via email. "Technology evolves -- requiring new skills. Client needs shift -- requiring new capability. Consequently, some level of workforce remix is an ongoing part of our business model."
Shelton passed on confirming the lay-off rumors, saying the company was preparing its annual "remixing." No specifics about what divisions will be targeted, or how many workers, have been released.
Why would workers be laid off when total net income was $5.8 billion, better than what most analysts expected?
"Transformation is a permanent feature of our business model," IBM spokesman Doug Shelton explained via email. "Technology evolves -- requiring new skills. Client needs shift -- requiring new capability. Consequently, some level of workforce remix is an ongoing part of our business model."
Shelton passed on confirming the lay-off rumors, saying the company was preparing its annual "remixing." No specifics about what divisions will be targeted, or how many workers, have been released.
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I sent a long note yesterday to Jeff Merkley and hoping we will lead the charge against it...
cascadiance
Jan 2013
#24
When the chips are down, it's nice to finally see the Dems and GOP cooperate
Populist_Prole
Jan 2013
#8
20 years ago this was supposed to give companies time to educate American workers
jasendorf
Jan 2013
#18
It was supposed to be for a SMALL number of workers that they couldn't get otherwise...
cascadiance
Jan 2013
#28
When kids ask me if they should seek a career in electrical or computer engineering....
Jerry442
Jan 2013
#21
Read my note above of observing the exact same thing you just stated here...
cascadiance
Jan 2013
#29
American kids have to invest a lot of money to get an education and then can't find jobs.
JDPriestly
Jan 2013
#30