SEPTEMBER 19, 2024 — WHY YOU NEVER HEAR ABOUT LAYOFFS
IBM continues stealth layoff practices, including the use of non-disclosure agreements, to avoid media attention. Sometimes, it executes mass layoffs in a number of offices just under the reporting minimums.
While no numbers seem to have surfaced, it appears that between three and five thousand employees may have been targeted under IBM’s workforce rebalancing initiative.
APRIL 24, 2023 — RED HAT LAYOFFS
Raleigh, North Carolina-based Red Hat Software, acquired by IBM in 2019, announced a 4% reduction in force, impacting 750 employees IN general and administrative positions.
JANUARY 25, 2023 — 3.900 LAYOFFS FROM DIVESTITURES
The company has announced that it will eliminate about 1.5% of its global workforce or 3,000 employees as part of its divestments from Kyndryl Holdings, the IT services business that IBM spun off last year, and its healthcare analytics business,
IBM continues to play catch-up as it pivots from its traditional infrastructure and information technology services to the fast-growing cloud-computing market.
MAY 21, 2020 — 1,000+ LAYOFFS ACROSS FIVE STATES
Once again, IBM refused to provide specifics regarding the layoffs — which, according to some media reports, number in the thousands and affect employees in at least five states.
According to a company spokesperson, “IBM’s work is in a highly competitive marketplace and requires flexibility to constantly add high-value skills to our workforce. While we always consider the current environment, IBM’s workforce decisions are in the interest of the long-term health of our business. Recognizing the unique and difficult situation this business decision may create for some of our employees, IBM is offering subsidized medical coverage to all affected U.S. employees through June 2021.”
It is believed that California, Missouri, Pennsylvania, and New York may be among the hardest-hit states. The company was suffering from declining revenues prior to the Chinese Virus pandemic and used an earnings call to signal “aggressive structural actions” to improve the competitiveness (i.e cut costs) of its Global Technology Services consulting unit, which represents about a third of IBM’s revenue.
Original post…
Armonk, New York-based IBM, the iconic computer manufacturer, has announced the consequences of a normal business realignment, including a major reduction in force estimated to be approximately 1,700 employees
A company spokesperson commented, “We are continuing to reposition our team to align with our focus on the high-value segments of the IT market and we also continue to hire aggressively in critical new areas that deliver value for our clients and IBM.
Considering that IBM stands accused of age discrimination, you can be that the company’s actions will be scrutinized for anything that will earn loophole-lawyers a payday.
There is little doubt that additional layoffs will occur after IBM closes on its $34 billion Red Hat acquisition later in the year and starts the process of integration that will eliminate redundant functions and positions among Red Hat’s 13,000 employees.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life, or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?
