IBM layoffs spread around the world
DOI: 10.1063/PT.5.029758
IEEE Spectrum : Last month IBM started laying off an estimated 18 000 to 25 000 of its US employees, or about 20–25% of its workforce. Now reports are coming in that the company has also begun to lay off employees abroad, primarily in higher-wage countries, such as France, Germany, and the UK. Besides the 1600-some employees losing jobs in those three countries and hundreds more elsewhere in Europe, another 600 may be let go in Canada, Australia, and New Zealand. IBM’s layoffs are drawing special attention because of the company’s reticence to make the information public. Journalists and tech workers, who have been speculating on the reasons for the massive cutbacks, say that IBM may be outsourcing jobs to lower-paid workers in countries like India or removing older, more highly paid workers.
