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Bobs [soylentnews.org] writes:

“…reports are coming in that big layoffs across the United States are underway, likely one-third of the U.S. workforce, according to one soon-to-be-laid-off IBMer. (At the end of 2015, IBM had approximately 378,000 employees worldwide; it no longer breaks out numbers for individual countries.)"
...
"Likely adding to the pain of many of these workers is a recent change in IBM’s severance policy, reducing a potential maximum of six months of benefits to one month’s worth."

Story: Reports Coming in of Big IBM Layoffs Underway in the U.S. [soylentnews.org]

Also:

• IBM Layoffs [thelayoff.com]

Seems to me IBM over the past fews year / decades has been taken over by fricken MBA’s who are more focused on short-term, easy/stupid ways to increase the quarterly profit-margin and who are not interested in long-term investment in growing the business and making new products and services. New Product development is hard, taking skill, time and investment. Firing people and outsourcing is easy and a good way to kill the business over time.

IBM loses its mind [soylentnews.org]

Remind you of the H-P implosion [jeffnolan.com] anyone?

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