IBM to cut 111,000 jobs

krafty

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• Jan 31, 2016

• #1

In his report on Project Chrome, Cringely says that those affected by the cuts "will all be gone by the end of February". He said that while there would be a significant number of jobs lost in the US, the axe would fall on all of IBM's locations around the world.

IBM's problems stem from the fact that customers are moving their storage infrastructure to the cloud, meaning they no longer need physical data centres on site and therefore don't need service contracts with IBM to help maintain them - a business which accounts for two-thirds of IBM's revenue.

In light of all these financial issues and job culling, it was announced that Rometty would be pocketing a $4.5 million bonus plus millions in company stock for her performance in 2015.

http://www.ibtimes.co.uk/ibm-cut-more-111000-jobs-this-week-largest-corporate-lay-off-ever-1485128

 

Wunderfool

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• Jan 31, 2016

• #2

No wonder the markets tank!

 

syed putra

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• Jan 31, 2016

• #3

I am waiting for a female droid. It will be cheaper, less hassle, bonk when you want, nothing to feed, 3 holes option, changeable skin tone and facial features, controllable orgasm reaction with auto default, .........

 

Boliao

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Loyal

• Jan 31, 2016

• #4

After more than 25 years since Sun Microsystems first brought the idea that the Internet is the computer and multiple evolution from service delivery platform to today's cloud. Cloud is becoming a reality and it is killing everyone in the IT market while it slowly resets all other linked economies with poison.

 

mojito

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• Jan 31, 2016

• #5

IBM has always been labour intensive with their profitable consulting business and it is cyclical. Nothing to do with cloud as it too requires expensive consulting to integrate legacy systems.

 

kryonlight

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• Jan 31, 2016

• #6

IBM should just close shop. It's an irrelevant company.

 

krafty

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• Jan 31, 2016

• #7

why none realise this piece of news is in the year of January 2015??? :p

 

kryonlight

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• Jan 31, 2016

• #8

krafty said:

why none realise this piece of news is in the year of January 2015??? :p

Click to expand...

This shows the level of trust we have in you.

 

mojito

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Loyal

• Jan 31, 2016

• #9

kryonlight said:

This shows the level of trust we have in you.

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Nobody clicks your stupid links.

 

F

frenchbriefs

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• Jan 31, 2016

• #10

maybe we will soon see a surge in the mcdonalds and taxi driver employment industry,110,000 jobs approximately....time to buy some mcdonalds and comfort delgro shares!!!!

 

C

congo9

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• Jan 31, 2016

• #11

I like to see AH Neh to go jobless. Time to short IBM.

 

Last edited: Jan 31, 2016

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Dark Knight

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• Jan 31, 2016

• #12

With better and improved security measures, Cloud computing and Cloud storage will be the way to go for the next few years.
Unless they are dealing with very confidential information like R&D, critical database or whatever, we've seen companies these days don't really need to have their own data center.
All they need is a secured internet connection to those big hosting companies that can host their servers, web site, domain name, applications and even storage etc.

 

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blueRad

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• Jan 31, 2016

• #13

Good. Majority of IBM jobs held by abnn anyway.

 

Wunderfool

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• Jan 31, 2016

• #14

A new abnormal seems to be making its presence on the horizon. Once great industry titans like IBM, HP, Nokia and Motorola are falling down like dominoes in the ever changing technological landscape.

The landscape is constantly changing even as cloud computing, B2B, B2C businesses are remaking the old economies into a completely different paradigm of doing business. Even giants like Walmart are being overwhelmed by Internet retailers like Amazon & Ebay.

What will happen if we are still trapped in our old thinking like the IBM mainframe ?

 

E

extramarital

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Generous Asset

• Jan 31, 2016

• #15

frenchbriefs said:

maybe we will soon see a surge in the mcdonalds and taxi driver employment industry,110,000 jobs approximately....time to buy some mcdonalds and comfort delgro shares!!!!

Click to expand...

Better buy McDonald's stocks as people still need to eat food that are convenient and affordable regardless of economic boom or recession. The global taxi industry is rapidly being replaced by Uber.

 

Leckmichamarsch

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Loyal

• Jan 31, 2016

• #16

Wunderfool said:

No wonder the markets tank!

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even mighty IBM does it ...........mati lah Singapura but papigs still earning million buck salaries and much more bonuses

 

harimau

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• Jan 31, 2016

• #17

what is IBM? Is it some antique or collectors item?

 

virus

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• Jan 31, 2016

• #18

blueRad said:

Good. Majority of IBM jobs held by abnn anyway.

Click to expand...

no need to wonder why it is called indian business machine

 

Leckmichamarsch

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• Jan 31, 2016

• #19

virus said:

no need to wonder why it is called indian business machine

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IBM hired too much f trash Ah Nehs............ no wonder
sg to learn a lesson soon................................................