Big Blue made headlines with recent plans to cut 3,900 workers but it turns out the tech giant is actually adding more talent even with the number of job cuts growing.
https://wraltechwire.com/2023/04/20/ibm-keeps-hiring-despite-layoffs-ceo-krishna-says-earnings-report-boosts-stock/
No, cheaper people ... outside the US. As one poster noted a few days ago, an Indian mobile dev was getting "almost double what she could get anywhere else": $24,000 a year. Compare that to probably a minimum of 100K in the US, and you can see how much profit IBM creates from offshoring. The formula is simple: RA US folks, hire people in India, Asia, Europe for a fraction of the position's former salary and watch profits rise. Loyalty, schmoyalty. AK's 16 million a year just doesn't go as far as it did. So raise profits, raise the stock price and pocket the increase.
Not necessarily cheaper people, but people who don't require long term investment.
Like many employers these days, IBM is thrashing. They jump from one trend to another, hoping to catch a hot one but never quite succeeding. The ideal IBM employee these days is a contractor, which is why you see so many of them around (or at least you did when I was there). They don't require costly training, they aren't paid benefits, and you can get rid of them when the trend flames out.
If you're looking for work at IBM, then you should expect nothing more than gig-based temp work...because that's what IBM is all about these days. Great when the money is there, but when the money runs out so do you.
Not talents... cheaper people!