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By Jennifer Booton IBM has initiated layoffs that have so far reached more than 1,600 positions, according to employee group Alliance@IBM. IBM confirmed the layoffs on Thursday but would not ...
The former workers say they are just four of more than 20,000 IBM employees over age 40 who’ve been discharged during the past six years as the company secretly looked “to correct seniority ...
Under the plan, thousands of employees had to switch jobs or find themselves working for new managers. [7] Akers' vision was to autonomize each division into "Baby Blues" with the aim of spinning them off from "Big Blue". [8] Akers also presided over a major downsizing of IBM's workforce, cutting down from 407,000 to 360,000 by the end of 1991.
IBM is an American technology company that employs 300,000 people across 170 countries, primarily in the United States and India. IBM's low union density and limited union recognition is attributed to a corporate culture, that emphasizes highly individualized relationships between managers and their direct reports, and proactive avoidance of unions when managers become aware of union ...
A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
IBM declined to share how many of its visa employees work in North Carolina. So did Charlotte-based Bank of America, which received 535 H-1B approvals last year.
April 2012 – IBM sells its Retail Store Solutions division (Point-of-Sales) to Toshiba TEC [223] January 2014 – IBM sells its IBM System x business to Lenovo for $2.3 billion. [224] October 2014 – IBM sells its Microelectronics (semiconductor) branch to GlobalFoundries. IBM will pay GlobalFoundries $1.5 billion over 3 years to take over ...