President Barack Obama

Vice President Joe Biden

First Lady Michelle Obama

Dr. Jill Biden

The Official Obama Family Picture

First Dog, Bo Obama

icebergslim's twitter updates

    follow me on Twitter

    Blog Archive

    Lynn Sweet, Chicago Sun Times

    Error loading feed.

    Democratic Underground

    Error loading feed.

    Brave New Films

    Error loading feed.

    The Trail

    Error loading feed.

    Friday, March 27, 2009

    IBM seeks stimulus money, layoff American workers and ship jobs to India (Video)

    An IBM employee group, Alliance@IBM, claims many of the jobs are being eliminated so that the company can move the positions to low-cost locations like India, where programmers earn less than half the annual salaries of their U.S. counterparts. IBM officials have not returned calls seeking comment.

    IBM has been reducing its U.S. headcount for the past several years while expanding its presence in emerging markets. IBM employed 115,000 workers in the United States in 2008, down from 127,000 in 2006. The company now employs more than 70,000 workers in India.



    IBM Cuts Jobs as It Seeks Stimulus Money

    Source

    Home Page

    Posted by icebergslim at 6:20 AM  

    Labels: ,

    Comments (3)

    Loading... Logging you in...
    Dashboard | Edit profile | Logout
    • Logged in as
    Loading...
    +1 Vote up Vote down
    NightHawk0's avatar - Go to profile

    NightHawk0 4p · 834 weeks ago

    Ask their CEO Sam, to give back the $21 Million in bonus that he made. That would be a good start for their stimulus. Matter of fact, make the top officers give every penny back and I bet they won't need any stimulus. I am confused as to how they need it after having posted record profits.

    Also, how is them getting it going to help Americans when they are moving everything to India and the like?

    India Business Machines needs no bailout!
    0 Vote up Vote down
    A FAMILY OF HOPE's avatar

    A FAMILY OF HOPE · 814 weeks ago

    WHY NOT KEEP JOBS IN AMERICA WHERE YOU LAYED OFF I T AT HOME JOB FOR MOTHER OF HANDICAP HUSBAND AND 6 YEAR OLD TWIN BOYS ONE WITH CP THE OTHE WITH HEART PROBLEM AND ,ETC. YOUNG MOTHER WORKED AT HOME FOR IBM FOR 9 YEARS AND IBM HAS NO CARE AT ALL. CAN'T EVEN KEEP COBRA FOR HUSBAND CAUSE HE QUALIFIES FOR MEDICARE. EVERYONE KNOWS MEDICARE PAYS VERY LITTLE ON MEDICAL. SHE HAD JUST MET HER DEDUCTABLE. NOW ALL HAS ENDED FOR THIS FAMILY JUST BECAUSE IBM WANTS CHEAPER WAGES IN INDIA. THEY HAVE THE STIMILUS PKG. THEY SHOULD GIVE IT WHERE IT IS NEEDED. THIS SHOULD NOT BE ALLOWED IN IBM. WE SHOULD WRITE TO THE PRESIDENT ABOUT THIS COMPANY AND ITS UNCARING PROGRAM THEY HAVE TODAY. THEY SHOULD NOT BE ALLOWED TO DO THEIR U S EMPLOYEES LIKE THIS. GOD HELP THIS YOUNG FAMILY. THEY HAD IT HARD ENOUGH WITH UNACESSABE HOUSING AND NOW HUSBAND HAS NO HANICAP TRUCK. THEY CAN'T AFFORD A PAYMENT.
    0 Vote up Vote down
    pragmatic_Jane's avatar

    pragmatic_Jane · 760 weeks ago

    I wonder how everyone thinks IBM can keep growing (satisfy the shareholders and the market in general - necessary to stay alive) when the economy is stagnant. They can't, so in order to remain competitive, all they can do is cut costs. This is not a social service, it is a business. The only option is for everyone (yes, including the CEO and management team) to take a pay cut. You can't take all the cuts at the top...these guys have options to go to other firms...lose the leadership and you risk losing more than the 70K jobs going to India.

    Post a new comment

    Comments by

    Subscribe to: Post Comments (Atom)