Exporting jobs ... again

[unixronin]

LEAN is about offshoring and outsourcing at a rate never seen before at IBM. For two years Big Blue has been ramping up its operations in India and China with what I have been told is the ultimate goal of laying off at least one American worker for every overseas hire. The BIG PLAN is to continue until at least half of Global Services, or about 150,000 workers, have been cut from the U.S. division.

(Pointer frmyndy)

Comments

[ithildae.livejournal.com]

Cringely is not always right. I read that earlier. Cringely predicted that IBM was imploding a couple of years back. Global Services really does not deserve to survive. They have great cash flow, but lousy profitability. I am more disturbed about canceling their pension program.