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


Home Page