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Guess how they got out of trouble in the early 90s: January 17, 1993 The announcement by International Business Machines, whose corporate world headquarters ar
by jussij 13y ago
Guess how they got out of trouble in the early 90s:
January 17, 1993
The announcement by International Business Machines, whose corporate world headquarters are in Armonk, that this year it was cutting 25,000 more jobs worldwide and reducing its budget for research, development and engineering by $1 billion may signify that the company will have to initiate the first layoffs in its history. Up to now the company has used voluntary means like job buyouts and early retirement to eliminate jobs.
http://www.nytimes.com/1993/01/17/nyregion/ibm-weighs-possibility-of-job-layoffs.html?pagewanted=all&src=pm http://www.nytimes.com/1993/01/17/nyregion/ibm-weighs-possib...
Seem familiar?
- seanmcdirmid 13y agoI did my first IBM intern stint at Boca in 1995 (my second at Hawthorne in 2000). Many of the people laid off were hired back, then laid off again. It was definitely a very messed up time (incidentally, OS/2 was moved from Boca to Austin in early 1996 while I was there, many people moving but many laid off). They didn't really get out of trouble with the 1993 lay offs. IBM culture back then was pretty toxic, and there was a lot of dead weight to lay off. It makes sense that many of those job could easily be moved to India, yeh for them! But now...even the high-end tech people who worked there are moving on to less toxic companies like Google. What's left? A bunch of consultants and a huge insourcing operation in India?