IBM is quietly axing jobs, source says
IBM is discreetly laying off thousands of employees, mainly in its Cloud division, affecting senior-level staff, particularly those aged 50-55, while shifting jobs to India amid a U.S. hiring freeze.
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IBM is reportedly laying off thousands of employees in a discreet manner, particularly within its Cloud division. Sources indicate that these layoffs are significant, with one employee noting that affected staff were required to sign non-disclosure agreements. IBM's spokesperson acknowledged a "workforce rebalancing" charge earlier this year, which is expected to result in a minimal percentage of job cuts, but did not provide specific numbers. The company had previously announced plans to cut 3,900 jobs in 2023 and took a $400 million charge for planned layoffs in 2024. With approximately 288,000 employees globally, potential layoffs could range from 2,880 to over 8,640 positions. The cuts appear to target senior-level programmers, sales, and support roles, with many affected employees being in the 50-55 age range and holding significant seniority. There are indications that jobs are being shifted to India, where hiring continues, while a hiring freeze is reported in the U.S. Despite ongoing age discrimination lawsuits, IBM maintains that it does not engage in systematic age discrimination.
- IBM is laying off thousands of employees, particularly in its Cloud division.
- The layoffs are being conducted discreetly, with employees signing NDAs.
- IBM's spokesperson confirmed a workforce rebalancing charge but did not specify the number of layoffs.
- Job cuts primarily affect senior-level positions, with many employees in the 50-55 age bracket.
- There is a trend of shifting jobs to India while hiring freezes are in place in the U.S.
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9 comments"As with prior layoffs, or "resource actions" to use IBM's euphemism, we're told those affected are substantially in the 50-55 age bracket with 20-24 years of seniority.
"It seems exclusively people in L7 and L8 and L9 bands, at the top of the band in payment structure," the insider said.""
Sam Palmisano skinned IBM then too a knife to its belly and gutted it. All in the name of his “Roadmap 2010” which was a plan to double the share price by 2015.
So basically the pharaoh said “fuck it, we need a new pyramid. Get the whips out and all worker carcasses are to be dump on the left please”.
https://www.forbes.com/sites/stevedenning/2014/05/30/why-ibm...
Edit: roadmap 2010 not 2015
they have way too many employees, and it will take them a decade of such cuts to "rightsize"
> Despite numerous past and ongoing age discrimination lawsuits, IBM maintains it does not systematically discriminate on the basis of age.
Lawsuits of this sort are a little ridiculous. If you work at a company that pays people more just for being older, then you shouldn't be surprised when the "more experienced" people are the first to get laid off.
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