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by trhway
4156 days ago
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The correction is coming, and companies are starting to lay off people (like EBay doing "restructuring"). Some companies do global office "optimization" - i.e. completely closing offices in some countries/locations. Given that IBM commented on such a "baseless and ridiculous" claim puts a lot of foundation under it. Obviously not all the 100K at once. After all laying off people in Germany is completely different process than in CA. The fact that they point to open listings just shows that a lot of it will be sold under the sauce of "rebalancing" - lets layoff 10K there and hire the "best" 1K of them here. I've seen that an another legendary SV company (some of its former offices are occupied nowadays by a very "Like"-able company) I think IBM has big plan to close some regional offices, downsize/close some projects and to spin off some pieces with resulting IBM headcount expected being 100K less than today. |
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In the last 3 companies I have worked for over 10 years this seems to happen every 6 to 12 months. Restructuring or right-sizing as HR love to call it is a fairly standard thing these days as companies search for optimal profitability. Every company I have worked for preaches employee loyalty in their mantra but I've never really seen it.