Posts tagged “Layoffs”
IBM is due to report in latest quarterly financials today, and speculation is circulating that Big Blue may announce another work force "rebalancing." In other words, layoffs. Meanwhile, Citigroup has cut IBM shares to "neutral" from "buy," and the Street expects the tech giant to report an eighth straight quarterly decline in revenue.
The daily average of advertised openings for information technology jobs across North Carolina improved slightly last month but remains well below 2013 levels.
Chinese workers who went on strike to protest IBM's sale of a plant to Lenovo are being paid $6,000 to accept the transfer. No such offers are being reported for workers in the United States.
The daily average of advertised information technology jobs across North Carolina fell for the eighth consecutive month in February. A "softer" market produced 2,980 openings per day, down 20 from January. But when compared to 2013 and 2012, the 2014 number is anemic.
The strike at an IBM x86 server plant in China by some 1,000 workers is ending - but the workers claim they won concessions from Big Blue for better severance and retention packages. Still, about half of them have decided not to transfer to Lenovo despite a plea from the company. IBM's $2.3 billion sale of its sever business to Lenovo triggered the walkout. Meanwhile, in RTP, IBM x86 workers will soon have a new home.
As income growth slows, NetApp says it is cutting its work force by some 5 percent due to a "constrained IT spending environment." NetApp also cut workers last year. one of its largest campuses is in RTP.
Media reports say that some workers have been fired for going on strike at an IBM server plant in China which Lenovo hopes to acquire as part of its $2.3 billion deal with Big Blue. Lenovo is trying to steer clear of the mess, issuing a lengthy statement saying the strike is for IBM to resolve.
As IBM's "Watson" serves up recipes at South by Southwest, Chair and CEO Ginny Rometty is mixing things up on IBM's board of directors with the naming of a "presiding director." Will this change help Rometty deliver a winning formula? IBM isn't talking about the change other than what's in an SEC filing.
With revenue falling 5 percent in 2013 and its top executive acknowledging in a letter to shareholders that the company "did not meet our expectations," IBM on Monday made a change to its governing structure by naming former UPS CEO as its first presiding director.
A 35-page document given the workers affected across the U.S. as part of the "resource action" as IBM calls layoffs includes a specific reference stating that IBM is not seeking a waiver of claims under the Federal Age Discrimination in Employment Act, or ADEA. Therefore such information listed in previous IBM layoffs is not required, says Raleigh attorney Jeremy Sayre of the law firm Ward and Smith, P.A.
The New York Times and Financial Times report that workers at an IBM plant near Hong Kong have continued a strike for the fourth consecutive day. They are protesting the sale of IBM's x86 server business to Lenovo. IBM says it hopes workers will accept the transfer.
Workers in the U.S. aren't expressing much sympathy for IBMers in China who are protesting layoffs and the sale of Big Blue's x86 server business to Lenovo. Why? If your job was off-shored, how would you feel?
Thousands of IBM workers in China - some carrying banners describing IBM as a "Sweat Shop" and "We are not merchandise" - staged protests Wednesday in reaction to layoffs and the sale of IBM's low-end server business to Lenovo.
Tech news site CNET says a quarter of IBM's Systems Technology Group, which has a large presence in the Triangle, could be laid off in the job cuts that started Thursday. Meanwhile, new data from research firm IDC says IBM's server sales are plunging, adding to the dire news. Is this more bad news for Lenovo which is buying the x86 server business?
A $1 billion "rebalancing" of its workforce as IBM describes its latest round of layoffs hit across the U.S. on Thursday. IBM confirmed cuts were underway. The first reports about cuts in RTP affect the Global Business Services group.
No one can better tell the story of what's happening within IBM today than the workers who are being laid off - or are seeing the reactions of others who are told they will soon be out of a job. Comments range from relief to relief and happiness to sadness. One of those hit is a 32-year-7-month veteran.
IBM confirms that it is no longer including in "Resource Action" documentation for laid-off workers a variety of information that described the impact of job cuts in each worker's group. Ages, titles and numbers of workers are gone. The union seeking to represent IBM workers protests the decision.
A $1 billion "rebalancing" of its workforce as IBM describes its latest round of layoffs was expected to begin in the U.S. today, internal sources had told the union seeking to represent IBM workers. One group was reported to have been hit in Arizona. Meanwhile, the union has been told of more cuts in India and in Taiwan. Those reports are unconfirmed.
Lenovo, which is buying Motorola Mobility from Google for $2.9 billion, plans to make the phonemaker profitable within four to six quarters without eliminating jobs, according to Chief Executive Officer Yang Yuanqing.
With another round of layoffs expected to begin later this week, IBM says it will keep some current and restore some other jobs in New York that were cut in 2013. Among the jobs is 500 in Buffalo for a nanotechnology center.