Thread regarding IBM layoffs

Resource Action to address stranded costs impacts Italy, Spain, Slovakia

http://rsuibmsegrate.altervista.org/20230302.pdf

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Post ID: @OP+1lsC1SbN

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The latest (2022) IBM Annual Report states the following regarding the number of employees:

For the year ended December 31: 2022
IBM/wholly owned subsidiaries 288.3
Less-than-wholly owned subsidiaries 8.2
Complementary* 14.8

IBM is far from where it should be, yet it is still hiring?!?!?!?

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Post ID: @6xrm+1lsC1SbN

300,000,000 / 3900 = 76,923 per person

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Post ID: @yos+1lsC1SbN

Look, countries where the politics is not aligned or soon will not. What strange cases.

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Post ID: @hav+1lsC1SbN

Pertinent excerpt from the document --

"At today’s Extraordinary Meeting, more than a month after Jim Kavanaugh’s announcement, the
IBM EWC finally received additional information and details about the size, scope and implications.
It was confirmed that a traditional Resource Action will be implemented, impacting 3.900
employees in ten countries worldwide, of which three covered under the responsibility of the IBM
EWC: Slovakia, Italy and Spain. In absolute terms, Slovakia is faced with the highest reduction
number. Together with Italy, Slovakia has to downsize its overall staffing levels by approximately
6%, in Spain this percentage is around 2. In Italy and Spain, all business units are in scope, in
Slovakia the focus lies especially at the International Delivery Centres. In Italy EO&S (including
Q2C) and TLS are impacted most, with reduction percentages of roughly 40 and 20 respectively.
The other Support Units in Italy face reductions of 10% to more than 15%, IBM Consulting has to
reduce its staff significantly as well. From the Support Functions in Slovakia, our CIO and Finance
missions will be impacted most, with reductions of approximately 20% and 10% respectively."

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Post ID: @kat+1lsC1SbN

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