Ibm Lay Offs

[Dubh Aingeal]

IBM has begun massive layoffs layoff in a quiet manner, starting with 1300 employees, but by the end of the year, the total will rise to at least 100,000 and probably closer to 150,000 employees, nearly 40% of their U.S. workforce. Some people will be temporarily retained as contractors at a fraction of their salary, and eventually, IBM will also dump many of the unprofitable customer contracts worked on by Global Services or outsource the work to Asia. If these people are looking for work, that could seriously drop wages for technical workers in the US since they will have to compete with these people for available jobs.

For those not in the know, yes this is me.

[Homicidalheathen]

Wow. I wonder if this means my ex sister in law is out of a job. Wouldn't that be sumpin. Hooytey tooytey bitch. Nothing lasts forever.

[Marblez]

IBM has begun massive layoffs layoff in a quiet manner, starting with 1300 employees, but by the end of the year, the total will rise to at least 100,000 and probably closer to 150,000 employees, nearly 40% of their U.S. workforce. Some people will be temporarily retained as contractors at a fraction of their salary, and eventually, IBM will also dump many of the unprofitable customer contracts worked on by Global Services or outsource the work to Asia. If these people are looking for work, that could seriously drop wages for technical workers in the US since they will have to compete with these people for available jobs.

For those not in the know, yes this is me.

Sorry to hear bout that, Dubh. I assume they are keeping some around... maybe that could be you?

[Dubh Aingeal]

Sorry to hear bout that, Dubh. I assume they are keeping some around... maybe that could be you?

Nope, was informed on the 1st my last day would be the 31st.

[Msterbeau]

Nope, was informed on the 1st my last day would be the 31st.

That is sucking. Any prospects?

[Dubh Aingeal]

That is sucking. Any prospects?

Haven't hit the streets yet. Still sinking in that I am being layed off. Planning on doing the whole looking thing come Wed and after. Doubt I will try to find another IT position. Market sucks bad enough as it is without this dump of employees.

[Homicidalheathen]

Sorry to hear that. I am sure your not hooytey tooytey and all that...bad things happen to good people.

But your smart....I am sure you will find something.