IBM Lays Off 2,400 People As Jobs Go Overseas

Bloomberg cites an employee advocacy group, Alliance@IBM, that says IBM has axed 2,400 members of staff, mainly from the company's U.S. operations. Spanning several divisions, the nationwide cuts occurred earlier this week. Alliance says that yesterday, 500 jobs were cut, but the group has been updating the number as it receives more severance documents.Lee Conrad, national director of  Alliance@IBM told Bloomberg, "We're getting reports from employees that they’re training the overseas replacements as they are getting cut.”

The cuts represent less than 1 percent of IBM’s workforce of 399,409. Last year the company cut 10,400 members of its staff in the United States and Canada.

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  • maestintaolius
    Its a good thing we provide them with tax breaks so they can invest the money in overseas jobs.
    13
  • gayan
    welcome to capitalism....
    Its strange isn't it..we "hate" government regulation on the corporate sector but end up scratching our heads when the companies run after profits and lay off employees here in the US....
    12
  • TwoDigital
    wildwellSame old story, different company.

    It's not EVEN different company... IBM has been laying off US workers in favor of datacenters in India, Russia, and Argentina for several years now.
    11
  • Other Comments
  • wildwell
    Same old story, different company. :(
    9
  • TwoDigital
    wildwellSame old story, different company.

    It's not EVEN different company... IBM has been laying off US workers in favor of datacenters in India, Russia, and Argentina for several years now.
    11