IBM (IBM) announced the cuts Wednesday, saying they were related to the previously announced spinoff and sale of two business units. Some 3,900 positions, or 1.5% of its global workforce, are expected to go. The move will cost IBM (IBM) about $300 million this quarter, a spokesperson confirmed.<p>SAP (SAP), Europe’s largest software company, will lay off 2.5% of its global workforce of 112,000, or around 2,800 employees, according to an earnings report published Thursday. The restructuring will cost between €250 million ($272 million) and €300 million ($381 million); the company’s shares were down 3.3% in Frankfurt.
Following the trend :-(
Time to get rid of people they don’t want, without them look bad since everybody is doing it, and also they’ll have an excuse if financial results aren’t very good.
IMHO it’s the retaliation of big companies to what remote working brought to all of us (freedom, better wages, quality time, escape from bad environments…).
I can well imagine there are lots of upset people having lost their jobs.<p>However it never seems to be a priority or even on radar for jobseekers to consider how a a company handles layoffs or handled layoffs in the past as a proxy for their own treatment should that time come again.<p>I wonder if this is partially because jobs seekers have over optimized for salary or total comp relative to other things like job security and working conditions.<p>I must have seen 00s of "Top 10 lists" listing places according to intern pay or grad pay with big companies like Meta and Snapchat always at the helm getting thrown around social media. I have never once seen places advertise that they haven't had to let an employee go.<p>Maybe it's too difficult to measure or just rare enough that it can be largely ignored while things like salary simply can't be ignored. I don't know -- just trying to look at the other side of the coin as it were.
almost all of ibm's most experienced and hands on people are now at Kyndryl. IBM continues to pay Kyn people to manage their own systems. Its funny given how much more costly that model is but layoffs impress the hedge funds.
In IBMs case, this is a regular occurrence, no?<p><a href="https://www.washingtonpost.com/news/on-leadership/wp/2015/01/28/the-biggest-mass-layoffs-of-the-past-two-decades/" rel="nofollow">https://www.washingtonpost.com/news/on-leadership/wp/2015/01...</a>
I worked at IBM for too many years. This is nothing new.
Their MO around 2010-2015 was to do quarterly reductions in order to minimize the press interest.<p>In the UK the redundancy lists were often based on completely inaccurate "employee job codes". These were seemingly set when you joined the company and there was no process to review or update your code. At one stage I was on the redunancy list despite working in a 'Strategic' area. I only managed to dodge it after my Exec/Partner lobbied for someone to see sense.