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antigop

(12,778 posts)
34. IBM's "Transformation": More Layoffs Despite Earnings Surge
Sun Jan 27, 2013, 08:45 PM
Jan 2013
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.
and the corporate Dems go along with it. nt antigop Jan 2013 #1
+1000 OhioChick Jan 2013 #9
no more H-1B visas Angry Dragon Jan 2013 #2
+1000 nt antigop Jan 2013 #3
But, you see, they claim our educ system is crap BadgerKid Jan 2013 #7
Damn right. Many of us tech workers have to take contract jobs now... cascadiance Jan 2013 #14
I can only suggest you call the congress-critters listed Angry Dragon Jan 2013 #15
I sent a long note yesterday to Jeff Merkley and hoping we will lead the charge against it... cascadiance Jan 2013 #24
GOOD Angry Dragon Jan 2013 #25
Good for you for writing OhioChick Jan 2013 #36
They're just doing christx30 Jan 2013 #35
recc'd for visibility MH1 Jan 2013 #4
K&R...with such high unemployment...do we really need this right now? KoKo Jan 2013 #5
Thus ensuring a never-ending stream of ever-cheaper labor jsr Jan 2013 #6
yep. that's what this is all about nt antigop Jan 2013 #12
When the chips are down, it's nice to finally see the Dems and GOP cooperate Populist_Prole Jan 2013 #8
Bend over Amerika pscot Jan 2013 #10
Both parties are always quick to do their corporate overlords' bidding. forestpath Jan 2013 #11
k & r nt antigop Jan 2013 #13
Total BS. We don't need a single H-1B worker. LibDemAlways Jan 2013 #16
Yeah, because, like, Americans don't really *need* employment. valerief Jan 2013 #17
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
B S Smilo Jan 2013 #19
The 1% making sure your kids don't have a chance! RandiFan1290 Jan 2013 #20
When kids ask me if they should seek a career in electrical or computer engineering.... Jerry442 Jan 2013 #21
If this goes through... ChromeFoundry Jan 2013 #22
Not too long ago I had a conversation with a National Merit Finalist antigop Jan 2013 #23
And these IDIOTS wonder why American students don't pursue tech careers! cascadiance Jan 2013 #26
The H1B is a way to offshore MY job to low paid workers in our own country. peacebird Jan 2013 #27
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
This requires action!!! GoHomeVisa Jan 2013 #31
Welcome to Democratic underground. William769 Jan 2013 #32
You're absolutely right and welcome to DU OhioChick Jan 2013 #37
Unbelievable sikofit3 Jan 2013 #33
IBM's "Transformation": More Layoffs Despite Earnings Surge antigop Jan 2013 #34
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