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IBM Cuts Systems And Software Jobs, Hopes To Boost Profits


pawnedmyrolex
 



Like night follows day, darkness is descending on nearly 3,000 IBM employees who are being dishonorably discharged--the company prefers the term "workforce rebalanced"--from the payroll of the IT giant in the United States and Canada. On a global basis, the number is expected to exceed 5,000 and possibly as many as 8,000 could be without jobs by the end of the year. Earnings per share, which guides IBM's decision making, should benefit, while families and communities get the dirty end of the stick.