Thoughts & Eistimates?
What do you think? How many jobs were eliminated in the USA? How about globally?
20 replies (most recent on top)
I am hearing rumblings of 10% across total workforce........ so that puts it around 30,000??!!!!!!!
It's not only US or North America. If not across Asia Pacific, it happened at least in Singapore. Those RA'd were informed on 15 May or earlier.
@1bzs it's about 100K per person (US) - that'd be 20K nuked
Word from a Raleigh Site exec is 20,000 affected in the United States
At end of 2019 IBM had about 50,000 U.S. employees.
40% whacked in United States - That's big!
IBMer here. This has been whispered to be coming for months so no real surprise. It’s not necessarily tied to COVID19. Layoffs are just business. It hit me at HP, now HPE, missed me at Dell. You don’t hear about them much at smaller companies because 10% of 500 employees might make the community paper. Anyone working at IBM today has eyes wide open. We understand the risk reward calculus.
A few friends were impacted today. I’m sad for them. The best thing to do now is help them find a new job. But even with the limited benefits, they are still better off than a lot of people being let go that are on the front lines of this pandemic.
Since maybe people take tomorrow off for the long weekend, today was almost the “end of the week” for the US. With that said, are more anticipated in other countries tomorrow being that it will be the end of their week?
Arvind explained this would happen in his last video. It is a $2B write-off, and assuming average $200K per person, that would be 10,000 US employees.
This action had been planned to take place in March and they were forced to wait when the pandemic began. I had heard that it was going to be approx 20% of the workforce globally and that this was to help free up cash flow for acquisitions which is Arvinds goal.
They will never disclose the number. We can only guess.
We know the total headcount based on the annual report (350K to 380K - depending how you count).
Now assume a 20/80 Onshore/offshore ratio - this gives us about 70K onshore.
This RA feels like a 10% hit to me, so I would not be surprised if the total number of layoffs sits in a 7K to 10K range.
Headcount - as of 12/31/2019:
Employees and Related Workforce
For the year ended December 31: 2019
IBM/wholly owned subsidiaries 352,600
Less-than-wholly owned subsidiaries 9,600
Complementary 21,600
The complementary workforce is an approximation of equivalent full-time employees hired under temporary, part-time and limited-term employment arrangements to meet specific business needs in a flexible and cost-effective manner.
As a globally integrated enterprise, IBM operates in more than 175 countries
SOURCE: https://www.ibm.com/annualreport/assets/downloads/IBM_Annual_Report_2019.pdf
Also note the layoffs I know about appear to have been planned for some time. THe guy I know has been training a team in India for several months now. Yesterday he found out he was getting laid off.
This layoff does not appear to be COVID related. At least not my friends.
This is just typical IBM douche-baggery. I don't know how anyone would work there. They treat their employees like dirt, have the most embarrassing health benefits of any tech job I've ever seen, corporate culture is about as bad as it can get.
Don't work for IBM. No matter how good you are, a warm body in India for 1/4th the price looks better to them.
On total headcount, we had a lengthy thread:
- How many people work at IBM thread
@OP+13cNnhVL
or
https://www.thelayoff.com/t/13cNnhVL
I find it odd that there is hardly any news on this. Bloomberg has an article that was posted 1.5h ago but it doesn’t show up in Google searches or searching on Bloomberg (indexing should not take this long). They are trying to keep this very quiet IMO.
I know a guy just laid off in Austin. Worked with him in the past. In 25 years of working in this industry he's one of the best I've worked with.
Discarded with 1 month severance while also in the middle of dealing with cancer.
Why I would never, even if I was unemployed and desperate, would work for IBM. As an engineering directory, I also will never recommend or even evaluate any of their products. Right now in the process of replacing a bunch of powervm stuff with vanilla linux boxes and kubernetes.
Good bye IBM. Good bye Oracle. Two companies that won't be doing too well in the future of open source and software-defined storage.
I'd guess 10-20% of US population. US only.
350,000 employees world wide. Keep the US total very quiet don't they? It's less than 70K and going down ever more.
This is what I was told as well.
I estimate 10,000-20,000. Maybe more? This is big.
So RedHat cant save IBM after all?
One per team (sub teams too) per business unit per location. Easily over 2k is my guess