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Posts tagged “Layoffs”

Updated 12:24 p.m. Wednesday

IBMers fear more layoffs; Street expects another revenue drop in report today

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.

Updated April 11

Premium Lock NC high-tech job picture shows improvement in March

The daily average of advertised openings for information technology jobs across North Carolina improved slightly last month but remains well below 2013 levels.

IT job openings up slightly in March IT job openings up slightly in March

Updated March 14

Premium Lock IBM pays Chinese workers $6K for transition to Lenovo

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.

IBM workers in China protest Lenovo deal IBM workers in China protest Lenovo deal

Updated March 14

Premium Lock High-tech job market in NC drops again in February

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.

IT job openings decline IT job openings decline

Updated March 14

Premium Lock Many IBMers in China just say no to working for Lenovo

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.

Chinese news website carries IBM protest story Chinese news website carries IBM protest story

Updated March 13

Premium Lock NetApp to cut 600 jobs in another round of layoffs

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.

NetApp's RTP campus NetApp's RTP campus

Updated March 12

Premium Lock Lenovo on strike at IBM plant in China: It's 'internal matter for IBM'

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.

IBM workers in China protest Lenovo deal IBM workers in China protest Lenovo deal

Updated March 11

Premium Lock IBM's top chef tries new board recipe with 'presiding director;' company won't comment

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.

Virginia Rometty Virginia Rometty

Updated March 11

Premium Lock In a first, IBM's board names 'presiding director'

IBM          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.

Updated March 7

Premium Lock IBM not required to disclose age, other data in layoffs, employment lawyer says

IBM layoffs   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.

Updated March 6

Premium Lock Reports: Strike against IBM-Lenovo deal continues in China

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.

IBM workers in China protest Lenovo deal IBM workers in China protest Lenovo deal

Updated March 5

Premium Lock IBM job protests in China don't generate sympathy in US

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?

IBM protests make headlines in China IBM protests make headlines in China

Updated March 4

Premium Lock Chinese IBM workers erupt in protests over layoffs, Lenovo deal

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.

IBM workers in China protest Lenovo deal IBM workers in China protest Lenovo deal

Updated February 28

Premium Lock Bad news for IBM and Lenovo: Big Blue server sales plunge

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?

IBM server share drops IBM server share drops

Updated February 28

Premium Lock Workers say IBM layoffs hit RTP; company has confirmed cuts in U.S. have begun

IBM layoffs   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.

Updated February 28

Premium Lock 'Liberation Day' to test of faith: IBMers speak out as layoffs hit

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.

Layoffs Layoffs

Updated February 27

Premium Lock IBM stops disclosing numbers, ages, titles in layoff documents

Layoffs   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.

Updated February 26

Premium Lock IBM layoffs off to quiet start in U.S. with one report; union still expects thousands of job cuts

IBM layoffs   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.

February 25

Premium Lock Yang on Motorola deal: 'Don't be scared by' by its $1 billion a year losses

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.

Yang Yuanqing in Barcelona Yang Yuanqing in Barcelona

February 25

Premium Lock IBM agrees to keep 3,100 jobs in New York even as layoffs loom

IT jobs        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.

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