Series of bad news from IBM for its employees. IBM’s back in news this time for change in its pension policies. IBM is reportedly proposing to close its final salary pension scheme to its current UK and Ireland staff. UNITE, the largest trade union in the UK, has reportedly warned the IT company of ‘backlash’ [...]
Archive for the ‘IBM’ Category
11 Aug
IBM layoffs may touch 16,000 by the year end.
In a news report, employee group Alliance@IBM said that it has counted about 184 employees who have been laid off in the most recent round of cuts, based on employee information packets it received so far. However, it believes the number exceeds that, according to Lee Conrad, the union’s national coordinator. The layoffs aren’t nearly [...]
22 Apr
Leaving IBM behind, Oracle acquires Sun Microsystems finally. May layoffs 5000 employees from combined entity.
Oracle Corp plans to enter the computer hardware market by buying Sun Microsystems Inc for more than $7 billion, swooping in after Sun’s talks with IBM fell apart. The announcement on Monday surprised many Oracle watchers, who believe the company can boost profitability at Sun’s software businesses but were unsure if it can be as [...]
13 Apr
Indian working for IBM, India get 10% of what US worker of IBM gets for same job. More job cuts (layoffs) at IBM from UK, Germany and Ireland.
International Business Machines Corp plans to cut ‘thousands’ of staff in the UK, Germany and Ireland as it shifts jobs to eastern Europe, China, India and South America, the Observer reported. Job reductions have already been carried out in western Europe and more will be made within months, the newspaper said, citing Lee Conrad of [...]
29 Mar
Good news for Indian Jobs and Bad for US. IBM transferring majority of 5K USA based jobs to India.
International Business Machines (IBM) Corp. plans to lay off about 5,000 US employees, with many of the jobs being transferred to India, a media report said on Thursday. The technology giant has been steadily building its work force in India and other locations while reducing the number of workers based in the US, the Wall [...]
3 Mar
Compilation of Layoffs in Technology, IT Companies worldwide except India.
Google, Microsoft, Texas Instruments, IBM, Intel, AMD, EMC Corp, Seagate, STMicroelectronics, Sony, Sun, Dell, Lenovo, AT&T, AOL, SAP, Oracle, Ericsson, and Sprint Nextel layoff loads of employees from their offices world wide. Google Inc has jettisoned over 5,000 temporary workers in a recent austerity drive spurred by the recession. Google acknowledged in late November that [...]
8 Feb
IBM laid-off US workers. Offers jobs to them in India and other low cost countries.
IBM is offering its laid off employees in North America a chance to take a job with the company in India, Nigeria, Russia or other countries through Project Match, a media report said.Citing an internal company document CNN said its Project Match will help interested workers whose jobs are on the chopping block to “identify [...]
4 Jan
History and facts about Satyam
* Satyam, India’s No. 4 software services exporter, was founded in 1987 by its chairman B. Ramalinga Raju, who was born into a family of farmers and is a management graduate from Ohio University. * Satyam debuted on the Indian markets in 1991, followed by a listing in New York in 2001. In 2008, it [...]
15 Dec
Fidelity selling India back office unit – As per Report
15-Dec-2008, Mumbai – Fidelity Investments has put its Indian captive technology offshore unit up for sale and possible suitors include Indian and global outsourcing firms, the Economic Times reported on Monday citing two sources involved in the deal. The successful bidder will get a committed multi-year outsourcing contract from Fidelity, the paper said. India’s Infosys [...]
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