... catching up with the news a week late due to the NDAs https://www.thehindu.com/sci-tech/technology/ibm-layoff-hits-thousands-as-company-tries-to-keep-it-under-wraps/article68672900.ece
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https://www.dol.gov/agencies/eta/layoffs/warn
The term “mass layoff” means a reduction in force which first, is not the result of a plant closing, and second, results in an employment loss at the single site of employment during any 30-day period for:
(i) At least 33 percent of the active employees, excluding part-time employees, and
(ii) At least 50 employees, excluding part-time employees.
Where 500 or more employees (excluding part-time employees) are affected, the 33% requirement does not apply, and notice is required if the other criteria are met. Plant closings involve employment loss which results from the shutdown of one or more distinct units within a single site or the entire site. A mass layoff involves employment loss, regardless of whether one or more units are shut down at the site.
is that why the article speculating on Alvind's upcoming retirement which was posted earlier today (Sept 23, 2024) disappeared from this site...very quietly ?? LOL !
Only a spineless, unethical CEO would get his minions to do this.
AK said: “No more expensive IBM dinosaurs , I will get rid of them quietly…”