Get the latest tech news
Hands Up If You Want To Volunteer For Layoffs, IBM Tells Staff
Paul Kunert writes in an exclusive report for The Register: IBM is asking staff who want to take voluntary redundancy to raise their hand as it embarks on a new round of global job cuts, though roles in Europe and within a handful of departments are expected to shoulder the brunt. The Resource Act...
The Resource Action, as Big Blue likes to euphemistically refer to layoffs, shouldn't be a massive surprise to anyone with more than a passing interest in IBM as it was signaled last month in a Q4 earnings call. Insiders told us this latest process is not considered to be financial but "transformative," although IBM was quite clear in January when CFO James Kavanaugh discussed achieving "$3 billion annual run rate in savings by the end of 2024." As if often the preferred route, IBM is seeking employees that are happy to take voluntary redundancy, rather than ditching someone that doesn't want to leave.
Or read this on Slashdot
