IBM is cutting jobs: maybe some locally

[antigop]

Source: Poughkeepsie Journal

Job cuts that began Wednesday within IBM Corp. will likely be seen in the divisions that have large numbers of employees in Dutchess County next week, according to the head of a workers group.
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The company confirmed "resource actions" began Wednesday but refused to comment on specifics or sites involved, or any plans.

Lee Conrad, national coordinator for the Alliance@IBM, said from reports he's getting from people inside the company, "Systems and Technology will get hit Tuesday - East Fishkill, Poughkeepsie and Burlington; Fishkill and Burlington the heavy hitters."

The two Dutchess County sites, plus Burlington, Vt., are in IBM's Systems and Technology Group, which makes computers and microchips.

Read more: http://www.poughkeepsiejournal.com/article/20090122/BUSINESS01/901220332/1003/business

[CatholicEdHead]

1. IBM is still making a profit too

http://www.reuters.com/article/rbssTechMediaTelecomNews/idUSN2041846420090120

BOSTON, Jan 20 (Reuters) -International Business Machines Corp (IBM.N), the world's biggest technology services company, issued quarterly results that were ahead of Wall Street estimates even as the global recession deepened, sending its shares up 3.5 percent.

The world's biggest manufacturer of mainframe computers and No. 2 software maker said on Tuesday that net income rose 12 percent to $4.43 billion, or $3.28 per share, in the fourth quarter ended Dec. 31, from $3.95 billion, or $2.80 per share, a year earlier. That easily beat the average analyst forecast of $3.03.

Revenue fell 6.4 percent to $27.0 billion.

The Armonk, New York company also said it expects to report 2009 earnings of at least $9.20 per share.

[OhioChick]

2. WTF?????

IBM to create 1,300 jobs

15 Jan 2009, 1147 hrs IST, REUTERS

BOSTON: IBM, the world's largest technology services company, plans to open a new computer support center in Iowa, creating up to 1,300 new jobs and defying a trend of widespread corporate layoffs.

The Dubuque facility in a 10-story office building once occupied by now-defunct retailer Roshek's Department Store, will create jobs for high-tech workers at a time when many technology companies are cutting staff.

Workers will provide security services and remote support to IBM customers, helping to maintain computers and software systems primarily located in the United States, IBM said.

International Business Machines Corp said it plans to employ several hundred people in the facility by the end of this year, following renovations to the top eight floors of the building that it will occupy to make it more energy efficient.

By the end of next year, as many as 1,300 IBM employees will work in the building built in the 1930s, IBM said.

On Tuesday, IBM announced plans to work with Michigan State University to build a software development center in East Lansing, Michigan, that will create up to 1,500 jobs over the next five years.

http://economictimes.indiatimes.com/Infotech/IBM_to_create_1300_jobs/articleshow/3982118.cms

:wtf: is going on??

[Azlady]

3. What the hell.... ohhhhh I know-

Lay off those that made IBM what it is today.... then hire lower paid employees....

[Az_lefty]

4. yea, I got hit with this layoff then read about the entry level jobs being created in Iowa...

really ticks me off. I've been here 32 years and this isn't the IBM I joined that had "respect for the individual" as their creed.

[Azlady]

5. My previous boss used be upper management IBM ...

He was the best boss I ever had. My job was very stressful, I handled 30 States, Canada, Mexico. I lived on the road, but was also the best at what I did on my team... you know why? Because my boss brought along with him from IBM the "respect for the individual".. he required me to take a minimum of 3, yes 3 ten day vacations a year, out of the country, so my cell phone wouldn't work, couldn't take my lap top. (this was years ago of course) So that I had actual true down time, to re-generate. I guess IBM ain't like that anymore! He was the best.

I'm so sorry for your job loss. It isn't fair, you helped to make IBM what it is and now this is what you get. SHAME ON IBM!

[antigop]

7. so sorry, Az_lefty. So very sorry. n/t

[ChromeFoundry]

13. Very sorry about your situation, Az_lefty...

this rampant loss of jobs had better end soon or nobody will have a job.

[antigop]

8. I think there will be lots more this year-- they ain't done

http://www.wral.com/business/story/4375560/

Loughridge said IBM planned “some acceleration” in what he called “work force rebalancing” in 2009. By rebalancing, Loughridge referred to IBM’s practice of reassigning workers or hiring workers in other locations, such as overseas, while displacing current employees.

[OhioChick]

9. Interesting...

So, now they're calling it “work force rebalancing?"

I so sick of this shit, already. I hope Obama does something about it or he'll never get a second term. (After all of his promises made regarding outsourcing)

[antigop]

10. Well, I guess "work force rebalancing" sounds better than "firing people" n/t

[OhioChick]

11. Excuse My French...

But that's fucked up.

[antigop]

12. PR people probably get paid big bucks for making up that kind of stuff n/t

[eilen]

6. The cost of doing business

must be much lower in Iowa. NY is getting a large raise in taxes and fees to close its deficit... I don't know. Last time they closed major operations in the Hudson Valley, it crippled the area-- that is IBM country and all kinds of other jobs were lost.