Job Creator IBM Axes Entire US Workforce... minus execs of course (BetaNews)

Discussion in 'The Lounge' started by Drew Wilson, Apr 29, 2012.

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  1. Drew Wilson

    Drew Wilson AKA IceCube Staff Member Moderator Contributor

    First in a series. This is my promised column about IBM -- the first of several on the topic, all to be delivered in a series. The last time I wrote at length about Big Blue was in 2007. I have been asked many times to revisit the subject, something I haven’t wanted to do because it is such a downer. Writing the last time I hoped the situation, once revealed, would improve. But it hasn’t. And so, five years later, I turn to IBM again. The direct impetus for this column is IBM’s internal plan to grow earnings-per-share (EPS) to $20 by 2015. The primary method for accomplishing this feat, according to the plan, will be by reducing US employee head count by 78 percent in that time frame.

    Reducing employees by more than three quarters in three years is a bold and difficult task. What will it leave behind? Who, under this plan, will still be a US IBM employee in 2015? Top management will remain, the sales organization will endure, as will employees working on US government contracts that require workers to be US citizens. Everyone else will be gone. Everyone.

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    It's not like people need jobs these days anyway.:glare:

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