IBM To Cut 10,000 to 13,000 Jobs As Part Of A Restructuring

Tipstaff · May 5, 2005, 04:52 AM

Noticed this little bit on InfoWorld:

"Taking quick action after it missed its first quarter earnings number, IBM on Wednesday announced it plans to cut between 10,000 and 13,000 jobs worldwide as part of a major reorganization of its management structure."

You can read the rest of the story HERE.

Know what gets me about IBM? Every year they go on a hiring spree. They hire thousands of people, then 1 year later, fire thousands. Every year it's the same thing, almost like clockwork. This time though 10,000 - 13,000 in management. Guess it was time to shaft the shafters, right?

-Tip

**MIG-31** · May 5, 2005, 07:05 AM

Thanks for the submit Tipstaff..

Discuss Here

May 5, 2005, 04:52 AM	#1
Tipstaff HardwareHeaven Extreme Member Join Date: Jul 2002 Location: Real capital of Canada: Torauna Posts: 6,773 Rep Power: 191 System Specs	IBM To Cut 10,000 to 13,000 Jobs As Part Of A Restructuring Noticed this little bit on InfoWorld: "Taking quick action after it missed its first quarter earnings number, IBM on Wednesday announced it plans to cut between 10,000 and 13,000 jobs worldwide as part of a major reorganization of its management structure." You can read the rest of the story HERE. Know what gets me about IBM? Every year they go on a hiring spree. They hire thousands of people, then 1 year later, fire thousands. Every year it's the same thing, almost like clockwork. This time though 10,000 - 13,000 in management. Guess it was time to shaft the shafters, right? -Tip __________________ Portal: The Flash Version _________________________________ Brain: So, you sacked the cocky khaki Kicky Sack sock plucker? Mr. Sackett: The second cocky khaki Kicky Sack sock plucker I've sacked since the sixth sitting sheet slitter got sick.

May 5, 2005, 07:05 AM	#2
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,854 Rep Power: 471 System Specs	Thanks for the submit Tipstaff.. Discuss Here __________________ Please Post Your News Submissions Here