If you have not already heard, IBM is slated to cut approximately 5,000 jobs from United States workers, which is equal to about 4 percent of their entire workforce. This news comes just after we learned the IBM was in talks to possibly buyout Sun Microsystems.
IBM, which started out as one of the major “silicon valley” founders and spent decades building a reputation as an “all-American” computer company now earns about two-thirds of its revenue from outside the United States- mostly from India and China.
They currently employ about 113,000 individuals in Russia, India, Brazil and China- 70,000 in India alone- and that workforce shows no signs of shrinking anytime soon.
Layoffs have already been taking place this year, but IBM refuses to comment on how high the current number is now. They report that most of the new job cuts will be taken from their services sector. Great- another company that built itself on being reliable and having top notch customer service now gets too big for their britches and cuts out as much customer service as possible, following in the footsteps of other computer companies such as Dell.
I hope they go sell themselves cheap, move out from the United States since they can’t compete with any “real” players anymore, and find themeselves as the “big blue” provider of all the call station computers in India. I hope you enjoyed your success while it lasted.