https://finance.yahoo.com/news/ibm-fired-many-100-000-191146867.html
Dumping a 100k worth of heads and saying it’s a skills deficiency is going to be really hard to argue because the next question will be “you hired 100k worth of incompetent employees?”
In 2015, an IBM spokesman denied a Forbes report that the company would be laying off 100,000
employees – or a quarter of its workforce – in the coming years, dismissing the claims in an interview
with USA Today as “ridiculous” and “baseless.”
Yes, yes, absolutely ridiculous and baseless, sure. No story here, nothing to see here. Move along.
[Fast forward to 2019]:
In a deposition in one of the civil cases, Alan Wild, former vice president of human resources, said IBM
had “laid off 50,000 to 100,000 employees in just the last several years,” according to a court document
filed Tuesday in Texas.
Rebuttal, Mrs. Rometty?
IBM I work at has more silvertops than millennial's.
Most young people don't even know IBM still exists so they are no way interested in working there.
Just some reject millennial's work at IBM, the others seek out real tech companies.
Millennials are more receptive to technology? Rubbish. They're immersed in the stuff practically in the womb. I had to seek out technology and earn a rare (in those days) degree in computer science. I had to learn things as they were being discovered. I actually had to come up with new ideas that had not been thought of yet. I would think IBM might still value these skills, instead of betting their future on fungible drones.
In 2009, IBM had 15,000 employees and contractors in Australia and New Zealand. Ten years later that number is 5,000. The only reason IBM's contraction globally isn't as bad as that in A/NZ is that so many jobs have shifted to India. The latter now has more IBM employees than the US.
"The company started firing older workers and replacing them with millennials, who IBM’s consulting department said “are generally much more innovative and receptive to technology than baby boomers.”