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IBM employees expect 16,000 job cuts

IBM has started laying-off staff in the wake of its announcement of strong fourth quarter financial results, a union website has reported. 

Postings by union members on the Alliance@IBM union website predict there will be 16,000 job cuts this week.

The posting, which put the lay-off date as 23 January, said most job cuts would take place in the US, and that upper management had signed confidentiality agreements to keep the cuts quiet.

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"We got hit today...10% of the group got let go...and after record quarter and record year," reads a posting made shortly after the fourth quarter results were announced.

A posting from Austin, Texas says, "28 people out of 45 cut. Young and old, top and bottom performers. Never show me great 4Q numbers again."

"The entire time has been resource actioned after the usual announcement we made a good quarter blah blah," said a posting from Atlanta.

"Stocks up 9% right now....and they're laying folks off. Unreal," said another.

According to US media, IBM has declined to comment on reports of job cuts by employees.

Alliance@IBM recently called on IBM to halt offshoring plans and suspend its stock buyback programme instead of cutting US jobs.

"To offshore US jobs in the middle of an economic crisis and rising unemployment is unacceptable," said Tom Midgley, Alliance president.


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