IBM posters still talking about layoffs

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wallstreet.jpgADOTAS — It’s been an uneven week for tech companies, though it’s still unclear how IBM is cost cutting.

Google and IBM have released good news. Despite a drop in fourth-quarter profit, Google’s search-advertising business and cost-cutting is allowing it to handle the recession better than most. IBM, this week, reported net income of $4.4 billion for the fourth quarter of 2008, a 12% increase year over year.

Outside the news that Digg cut 10 percent of its staff, about 7 or 8 people, Microsoft announced layoffs of 5,000. Nokia, Sony and Samsung are among many that announced slumping business.

IBM despite its earnings is still rife with chatter about layoffs throughout the company. A site for Alliance@IBM, which is run by the Alliance@IBM/Communications Workers of America Local 1701, a union that is trying to organize IBM workers, has commentors talking about restructuring, buyouts and layoffs.

The company won’t comment, which I think is silly. There is nothing worse for employees than to hear layoffs are happening, but not knowing officially what is actually happening. The void created by the silence will be filled with innuendo and speculation.

— Express your opinion, comment below.

5 COMMENTS

  1. IBM is a very bad company. It acquires small companies and transfer jobs to India. It is the rule in this company. IBMers if you still have job today, then just be ready. take care.

  2. I won’t post my name, but IBM laid off 1,549 people in the Sales and Distribution devision alone. No internal or external announcements, and Sam is very happy with his $22M. “Thanks, you’re fired.” Seems harsh, but there you go.

  3. Let be fear if IBM do allto an Americans and outsource jobs to India
    Let do this: Stop all HB-1 Visa from now to IBM “all” , and ALL Student Visas to USA over 100,000 in 2008 from India
    Fear ?

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