IBM Secretly Laying Off THOUSANDS of Workers Nationwide

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[@almdrs]

They are hiring in India: 2790 openings.
In the US? 410.
Wake up, folks! Indian CEOs are hiring people in their country.
CEO Arvind Krishna.

[@BonannoCM]

Stealth human AI that comes with an Indian accent.😂

[@centuraxaum5951]

Wakeup ? LOL murica is asleep for years while India moved mountains, Murica yet to wakeup only to see the dust and not know what the f happened. Anways our interests are something else pronouns.

[@BarfingGerbil]

The CEO and H1Bs will hire their own people from their own culture and caste, rejecting anyone else. They don't care about "equality" or "equity" or "diversity" or "inclusion". They are taking our domestic companies and technology for their own people in their own countries, while excluding the domestic workers from their own domestic companies.

[@mark5552]

How can this be. My TV keeps telling me it's the best economy in the history of the world

[@andrewh2u]

IBM are rebalancing the work for sure.... the workers in the USA are being reduced whilst the work itself is transitioning for India where five Indian programmers can be hired for the pay of one senior programmer in the USA - looks good on the beancounters balance sheets to shareholders now BUT the work done by one senior programmer cannot be done by those five hires in India even after two or three refactors of the code. Long term... your product and customer delivery pipeline tanks. However, the C suite have taken their executive bonuses of millions and left by then so its not their problem... even if it is then they get a golden parachute of millions anyway. Heads they Win and Tails you lose sockers!

[@internetzone1178]

Thanks Joe and harris

[@kickingfatality]

And how do you explain the exact same thing happening in literally every other developed country. Pull your head out of your a**. Its got nothing to do with this or that political party. Its a global recession. This is my 4th recession I've been through since 1975 and have had these and worse with repubs and democrat presidents. So just stop it.

[@Freedom_from_imp]

This would have happened under trump or any us president. they don't care about the average americans. as long as they and their billionaire friends are doing fine, then the economy, in their eyes, is doing great.

[@rogainstruments9273]

It's actually quite simple. The demographic factor is now taking full effect, there is no way around it. People born in 1965 became active market participants (consumers) 20 years later, from 1985 onwards. The contraceptive pill is also responsible for the fact that there were 60 % to 70 % fewer newborns in 2005. Now, in 2024/25, there are still 60% to 70% too few active market participants. The logical consequence is that there is 60% to 70% too much industrial production capacity. As a result, baby boomers will have to make do with 60% to 70% lower pension payments - adjusted for purchasing power.

[@astroviking3414]

IBM just had a job fair at my college 3 days ago . lol

[@cfwin1776]

Financial engineering. Looks good on paper for a little while, just long enough for senior management hit some miles stones and get their incentives. They will get terrible final results.

[@jaym9846]

Luckily stealth layoff aren't affecting IBM's stock prices.

[@jk6854]

Rehash old news .

[@dimitriberozny3729]

Old news!!