Massive Worldwide Layoff Underway At IBM

[LiberalArkie]

http://spectrum.ieee.org/view-from-the-valley/at-work/tech-careers/massive-worldwide-layoff-underway-at-ibm




Project Chrome, a massive layoff that IBM is pretending is not a massive layoff, is underway. First reported by Robert X. Cringely (a pen name) in Forbes, about 26 percent of the company’s global workforce is being shown the door. At more than 100,000 people, that makes it the largest mass layoff at any U.S. corporation in at least 20 years. Cringely wrote that notices have started going out, and most of the hundred-thousand-plus will likely be gone by the end of February.

IBM immediately denied Cringely’s report, indicating that a planned $600 million “workforce rebalancing” was going to involve layoffs (or what the company calls “Resource Actions”) of just thousands of people. But Cringely responded that he never said that the workforce reductions would be all called layoffs—instead, multiple tactics are being used, including pushing employees out through low ratings (more on that in a moment). And some managers are indeed admitting to employees that their job has been eliminated as part of Project Chrome, leading employees to coin a new catchphrase: “Getting Chromed.”

The news is coming in from around the world, and is affecting folks in sales, support, engineering—just about every job description. The only IBM’ers spared are those working in semiconductor manufacturing, an operation that is in the process of being acquired by Global Foundries.

Alliance@IBM, the IBM employees’ union, says it has so far collected reports of 5000 jobs eliminated, including 250 in Boulder, Colo., 150 in Columbia, Missouri, and 202 in Dubuque, Iowa. Layoffs in Littleton, Mass., are reportedly “massive,” but no specific numbers have been published. Pink slips have been said to be flying at IBM Australia, with rumors of 400 workers to be cut. And the Economic Times in India reported last week that employees of IBM’s offices in Bengaluru were scrambling to find new jobs, trying to get out of IBM ahead of the coming tsunami.

Snip

[MohRokTah]

1. Having been laid off by IBM after a company I worked for was acquired, I must say...

If you have to be laid off by anybody, get laid off by IBM.

Six Months severance with continued medical and life insurance coupled with placement services.

It could have been much worse.

[LiberalArkie]

3. I am lucky that Windstream offered a severance package to approved employees

when I turned 65. 6 Months pay with benefits continued. Really came in handy.

[LiberalArkie]

4. Except the CEO, she got a big raise

[NuclearDem]

6. iBM: Taking your morning dump? There's an app for that!

...sorry

[madinmaryland]

7. This...