Does anybody know how many employees will be laid off during the 2025 RA? I heard Q2C should be heavily impacted this year (jobs will be primarly moved to India ani Philippines). Aby insider info on this?
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IBM just released the 2024 annual report Head count went from 282k to 270k So a 4.2% shrink worldwide. I would expect a similar or perhaps a slight increase in 2025 since the restructuring money went from 3 to 3.5 billion this year. That means approx 14k worth of employees will be impacted with the great majority being in NA and Northern Europe due to higher labor costs vs commodity labor costs in India. What’s interesting about the 282 vs 270 is IBM exec’s previously said head count would remain relatively stable even as layoffs were occurring. Apparently that stable strategy has shifted. Given current course and speed, IBM is heading for 255k or there abouts in 2025. NOTE the 255 is independent of any business actions (spin offs, sell offs, or purchases)
280 in Slovakia and 200 of them are in Q2C