Silver Rocket Bitches!
6th February 2014, 01:16 PM
Things are not looking good for the big tech companies.
Dell to axe over 15,000 jobs
All heads on the block
PC powerhouse Dell is to axe over 15,000 jobs this week as part of a restructuring effort aimed at addressing its place in the ailing PC market.
The decision will see 15 per cent of Dell's work force getting the chop, according to sources cited by The Register (http://www.theregister.co.uk/2014/02/03/dell_layoff_bloodbath/).
Apparently no one is safe, with all departments set to suffer job losses, including on the engineering side. In its support business, the aim is streamlining and simplification, combining the consumer and commercial sides under one unit.
"Bloodbath"
One source told The Register that the job cull would be "a bloodbath." However, Dell has been keeping tight-lipped about its plans.
Those who are among the unlucky number will get a redundancy payout of two months' pay, plus a week's pay per year of service, and a bonus of 75 per cent. US employees will get health insurance for 18 months and outplacement services.
The job cuts come at a time when many other companies in the IT sector are also chopping jobs, partly in response to macroeconomic issues, and partly due to a continuing decline in PC sales. Gartner recently reported that 2013 was the worst year on record for PCs, with a drop of 10 per cent in total sale numbers.
Dell is attempting to compensate by refocusing on burgeoning sectors like the cloud.
http://www.techradar.com/news/world-of-tech/management/dell-to-axe-over-15-000-jobs-1221122
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IBM: 15,000 jobs face the axe at Big Blue, says union
IBM is set to spend another $1bn on job cuts this year to eliminate an estimated 15,000 jobs worldwide, according to trade union Alliance@IBM.
The company has already spent the same amount of money last year (http://www.theregister.co.uk/2013/06/13/ibm_layoffs_us_canada/) on 'workforce rebalancing', its euphemism for redundancies.
Big Blue's chief financial officer for finance and enterprise transformation, Martin Schroeter, has admitted there would be more cuts in 2014, during the announcement of IBM's fourth quarter earnings last month.
"As we look forward to 2014, we値l continue our transformation, shifting our investments to the growth areas, and mixing to higher value. We値l acquire key capabilities, we値l divest businesses, and we値l rebalance our workforce, as we continue to return value to shareholders," he said.
"In the first quarter, we expect the initial closing of the sale of our customer care business, and to take the bulk of our workforce rebalancing actions, which we池e currently working on."
The employee redundancies are part of IBM's ongoing mission to hit its target of $20 earnings per share, a target that saw the company sell off its server business (http://www.channelregister.co.uk/2014/01/23/lenovo_buy_systemx/) to Lenovo at the start of the year.
"We値l see the benefits of the first quarter rebalancing action later in the year," Schroeter said. "As a result, we expect our first quarter EPS to be about 14 per cent of the full year, reflecting the modest gain, workforce rebalancing charge, and continued impact from currency."
Lee Conrad, coordinator of Alliance@IBM, said that the Lenovo sell-off was another blow to IBM staffers.
"The hits just keep coming. Following the news that job cuts will happen this quarter, the latest is that IBM will sell one of its server units to Chinese company Lenovo. 7,500 workers worldwide will be impacted and moved out of IBM," he said.
UNI Global Union and the UNI IBM Global Union Alliance, which represent IBM union members in 21 countries, have denounced the firm's plans to lay off more workers.
"IBMers remain the company's biggest asset, and should be in the forefront of any change. Alternatives to layoffs exist for companies looking to cut costs," they said.
IBM did not respond to a request for comment. ｮ.
http://www.theregister.co.uk/2014/02/05/ibm_job_cuts_q4_2014_preview/
Dell to axe over 15,000 jobs
All heads on the block
PC powerhouse Dell is to axe over 15,000 jobs this week as part of a restructuring effort aimed at addressing its place in the ailing PC market.
The decision will see 15 per cent of Dell's work force getting the chop, according to sources cited by The Register (http://www.theregister.co.uk/2014/02/03/dell_layoff_bloodbath/).
Apparently no one is safe, with all departments set to suffer job losses, including on the engineering side. In its support business, the aim is streamlining and simplification, combining the consumer and commercial sides under one unit.
"Bloodbath"
One source told The Register that the job cull would be "a bloodbath." However, Dell has been keeping tight-lipped about its plans.
Those who are among the unlucky number will get a redundancy payout of two months' pay, plus a week's pay per year of service, and a bonus of 75 per cent. US employees will get health insurance for 18 months and outplacement services.
The job cuts come at a time when many other companies in the IT sector are also chopping jobs, partly in response to macroeconomic issues, and partly due to a continuing decline in PC sales. Gartner recently reported that 2013 was the worst year on record for PCs, with a drop of 10 per cent in total sale numbers.
Dell is attempting to compensate by refocusing on burgeoning sectors like the cloud.
http://www.techradar.com/news/world-of-tech/management/dell-to-axe-over-15-000-jobs-1221122
__________________________________________________ __________
IBM: 15,000 jobs face the axe at Big Blue, says union
IBM is set to spend another $1bn on job cuts this year to eliminate an estimated 15,000 jobs worldwide, according to trade union Alliance@IBM.
The company has already spent the same amount of money last year (http://www.theregister.co.uk/2013/06/13/ibm_layoffs_us_canada/) on 'workforce rebalancing', its euphemism for redundancies.
Big Blue's chief financial officer for finance and enterprise transformation, Martin Schroeter, has admitted there would be more cuts in 2014, during the announcement of IBM's fourth quarter earnings last month.
"As we look forward to 2014, we値l continue our transformation, shifting our investments to the growth areas, and mixing to higher value. We値l acquire key capabilities, we値l divest businesses, and we値l rebalance our workforce, as we continue to return value to shareholders," he said.
"In the first quarter, we expect the initial closing of the sale of our customer care business, and to take the bulk of our workforce rebalancing actions, which we池e currently working on."
The employee redundancies are part of IBM's ongoing mission to hit its target of $20 earnings per share, a target that saw the company sell off its server business (http://www.channelregister.co.uk/2014/01/23/lenovo_buy_systemx/) to Lenovo at the start of the year.
"We値l see the benefits of the first quarter rebalancing action later in the year," Schroeter said. "As a result, we expect our first quarter EPS to be about 14 per cent of the full year, reflecting the modest gain, workforce rebalancing charge, and continued impact from currency."
Lee Conrad, coordinator of Alliance@IBM, said that the Lenovo sell-off was another blow to IBM staffers.
"The hits just keep coming. Following the news that job cuts will happen this quarter, the latest is that IBM will sell one of its server units to Chinese company Lenovo. 7,500 workers worldwide will be impacted and moved out of IBM," he said.
UNI Global Union and the UNI IBM Global Union Alliance, which represent IBM union members in 21 countries, have denounced the firm's plans to lay off more workers.
"IBMers remain the company's biggest asset, and should be in the forefront of any change. Alternatives to layoffs exist for companies looking to cut costs," they said.
IBM did not respond to a request for comment. ｮ.
http://www.theregister.co.uk/2014/02/05/ibm_job_cuts_q4_2014_preview/