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  • Vitaliy_KiselevVitaliy_Kiselev

    IBM has internal plan to grow earnings-per-share (EPS) to $20 by 2015. The primary method for accomplishing this feat, according to the plan, will be by reducing US employee head count by 78 percent in that time frame.

    Reducing employees by more than three quarters in three years is a bold and difficult task. What will it leave behind? Who, under this plan, will still be a US IBM employee in 2015? Top management will remain, the sales organization will endure, as will employees working on US government contracts that require workers to be US citizens. Everyone else will be gone. Everyone.

    Via: http://www.cringely.com/tag/ibm/

    Read this series of posts about IBM :-)

  • 5 Replies sorted by
  • CRFilmsCRFilms

    I've been reading Cringely for years. Since the late 90s. My favorite computer info blogger. If you haven't seen his Docs "Triumph of the Nerds", check them out. You can find parts or all of them on Youtube or Google video.

  • Mark_the_HarpMark_the_Harp

    @CRFilms That's a blast!!

  • CRFilmsCRFilms

    @Mark_the_Harp ...yep the good ol days. Back when IBM actually built stuff. The stuff Cringely has been writing about lately is pretty grim. One thing VK didn't mention is IBM has been over selling services to clients. Giving them rock bottom prices, then farming out the work to sub-contractors or imported workers, the service is crap since they can't do it right at those prices, and IBM is losing business.

    IBM has been coasting on it's "prestige" name for years now and the momentum is slowing fast.

  • jrdjrd

    It's not just IBM. A study by that Marxist bank, JPMorgan Chase, pointed out that the spectacular profit growth enjoyed by American companies in recent years is thanks entirely to wage reductions -- the two figures are exactly the same.

  • ZekoZeko

    It was an Iceland shareholder who told the board of American Airlines that in order to increase liquidity, they should sell assets.

    In fact this is a genius plan : fire everybody, sell all your stuff, and you're rich.

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