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> IBM To Lay Off 5,000 Workers in US
chenchow
post Mar 26 2009, 11:21 AM
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IBM To Lay Off 5,000 Workers in US quoted from here .

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SAN FRANCISCO: IBM Corp. plans to lay off about 5,000 U.S. employees in a new round of job cuts, the Associated Press has learned.

The move reflects IBM's aggressiveness in shifting labor to lower-cost regions like India and keeping its profits aloft at a time when other technology companies' earnings are tumbling.

An IBM manager knowledgeable about the plans said the cuts will come from the services division and workers will be informed Thursday.

The person spoke on condition of anonymity Wednesday because he was not authorized to discuss the plan publicly.

The layoffs were reported earlier by The Wall Street Journal.

The cuts will affect about 4 percent of IBM's U.S.-based work force, which totaled 115,000 at the end of 2008.

In a sign of how quickly IBM is staffing up in emerging markets, last year IBM had nearly as many workers in Brazil, China, India and Russia - 113,000 - as it did in the U.S.

IBM now has about 400,000 employees worldwide.

Unlike many other tech companies that have recently announced layoffs, IBM has managed to become more profitable despite the recession.

IBM's cost-cutting, global footprint, and focus on services and software, which are often more lucrative than hardware, are key reasons why.

IBM's net income was up 18 percent last year to $12.3 billion.

In January, Armonk, N.Y.-based IBM cut thousands of U.S. jobs in sales, software and hardware.

IBM didn't give the precise number, saying it fell below an amount that would require disclosure.

Other tech companies are also doing big layoffs.

Hewlett-Packard Co. is slashing 24,600 positions, 8 percent of its 320,000-employee work force, in a three-year restructuring as part of its acquisition of Electronic Data Systems Corp.

HP paid $13.9 billion for EDS in a bid to compete better against IBM for technology-services contracts.

Microsoft Corp. said in January it was cutting 5,000 jobs, the first mass layoffs in the company's history, after profit in the latest quarter fell 11 percent to $4.17 billion - AP



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CSeong
post Mar 27 2009, 05:18 PM
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NEC Asia Pacific will be totally shutting down the asia region in august.
will be jobless soon. need help! ohmy.gif


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很多很重要的時刻總是來得太早,又或來得太遲。然而,當回顧一生的時候,上天給自己的那些重要的時刻,其實是來得剛剛好!
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chenchow
post Mar 28 2009, 01:39 AM
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QUOTE (CSeong @ Mar 27 2009, 05:18 PM) *
NEC Asia Pacific will be totally shutting down the asia region in august.
will be jobless soon. need help! ohmy.gif


CSeong, sorry to hear about that. Hope you can start prepare yourself for it, and get ready. Do update your resume and can start the job hunting process. Do let us know, if anything we can help.


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CSeong
post Mar 30 2009, 09:43 AM
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QUOTE (chenchow @ Mar 28 2009, 01:39 AM) *
CSeong, sorry to hear about that. Hope you can start prepare yourself for it, and get ready. Do update your resume and can start the job hunting process. Do let us know, if anything we can help.


thanks chenshow. i'm looking for new job now. hopefully can get one suitable job from job street. so dissapointed.... sad.gif


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很多很重要的時刻總是來得太早,又或來得太遲。然而,當回顧一生的時候,上天給自己的那些重要的時刻,其實是來得剛剛好!
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chenchow
post Mar 30 2009, 09:46 AM
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QUOTE (CSeong @ Mar 30 2009, 09:43 AM) *
thanks chenshow. i'm looking for new job now. hopefully can get one suitable job from job street. so dissapointed.... sad.gif


CSeong, if you can make it, we are having a Retrenchment Talk at Wisma JobStreet.com from Noon to 2pm on this Wednesday, 1st April (this is not an april fool joke). Good luck!


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CSeong
post Mar 30 2009, 09:56 AM
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QUOTE (chenchow @ Mar 30 2009, 09:46 AM) *
CSeong, if you can make it, we are having a Retrenchment Talk at Wisma JobStreet.com from Noon to 2pm on this Wednesday, 1st April (this is not an april fool joke). Good luck!


ok. chenchow. i will try make it.


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很多很重要的時刻總是來得太早,又或來得太遲。然而,當回顧一生的時候,上天給自己的那些重要的時刻,其實是來得剛剛好!
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secretary
post Mar 30 2009, 11:22 AM
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QUOTE (CSeong @ Mar 27 2009, 05:18 PM) *
NEC Asia Pacific will be totally shutting down the asia region in august.
will be jobless soon. need help! ohmy.gif


Is it really true? How come it is not in newspaper one?
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CSeong
post Mar 30 2009, 01:00 PM
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QUOTE (secretary @ Mar 30 2009, 11:22 AM) *
Is it really true? How come it is not in newspaper one?


try check on last saturday newspaper.


--------------------
很多很重要的時刻總是來得太早,又或來得太遲。然而,當回顧一生的時候,上天給自己的那些重要的時刻,其實是來得剛剛好!
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CSeong
post Mar 30 2009, 01:00 PM
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QUOTE (secretary @ Mar 30 2009, 11:22 AM) *
Is it really true? How come it is not in newspaper one?


try check on last saturday newspaper.


--------------------
很多很重要的時刻總是來得太早,又或來得太遲。然而,當回顧一生的時候,上天給自己的那些重要的時刻,其實是來得剛剛好!
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chenchow
post Mar 30 2009, 01:52 PM
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QUOTE (CSeong @ Mar 30 2009, 01:00 PM) *
try check on last saturday newspaper.


CSeong, if you have the URL of that newspaper article, do post it here.

Good Luck in your job search.

This might be a very tough time for you, and hopefully you will be able to get a good job soon! Do read the tips around here, especially in Job Hunting section on resume and interview.

Do encourage your colleagues to come here and seek help as well.


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CSeong
post Mar 30 2009, 02:17 PM
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QUOTE (chenchow @ Mar 30 2009, 01:52 PM) *
CSeong, if you have the URL of that newspaper article, do post it here.

Good Luck in your job search.

This might be a very tough time for you, and hopefully you will be able to get a good job soon! Do read the tips around here, especially in Job Hunting section on resume and interview.

Do encourage your colleagues to come here and seek help as well.



Thank you chenchow. i think i do need a lot of luck right now. At this moment, this is very tough time to everybody.
here is the link you guys can refer to:-

http://www.reuters.com/article/technologyN...E52R0ER20090328

or
http://www.nec-computers-ap.com/announcement.aspx?CID=0

Good luck to everybody out there that still looking for job.


--------------------
很多很重要的時刻總是來得太早,又或來得太遲。然而,當回顧一生的時候,上天給自己的那些重要的時刻,其實是來得剛剛好!
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chenchow
post Mar 30 2009, 03:39 PM
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QUOTE (CSeong @ Mar 30 2009, 02:17 PM) *
Thank you chenchow. i think i do need a lot of luck right now. At this moment, this is very tough time to everybody.
here is the link you guys can refer to:-

http://www.reuters.com/article/technologyN...E52R0ER20090328

or
http://www.nec-computers-ap.com/announcement.aspx?CID=0

Good luck to everybody out there that still looking for job.


Thanks, CSeong!

It is our hope that the job seekers can utilize this forum to help one another too!


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Daryl
post Mar 30 2009, 04:21 PM
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It is true about NEC. I got a fren's husband working there as sales and he told me that they are giving two more months...sad.gif
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