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Reply #34


Response to sikofit3 (Reply #33)

Sun Jan 27, 2013, 07:45 PM

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.

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