Thursday March 03, 2016

Reports Coming In Of Big IBM Layoffs Underway In The U.S.

Rumors of layoffs at IBM are everywhere today. According to the rumor mill, not only is the company laying off 1/3 of its employees in North America, it has cut severance pay from six months to just one. frown

It is bad, really bad. It’s a mass layoff today. It is a sad day for IBM. People are being told not to talk about it. I was told by a manager in getting the news [of my job being eliminated], who was reading off of a script, that one third of the U.S. workforce is being ‘rebalanced,’ which is what they call it.