[SD Transplant]

IBM confirmed more or less about 4,600 layoffs….here are some details:

“Technology giant IBM is resorting to “scattered layoffs” and the total could be nearly 4,600 employees in North America even though the company has reported surprisingly strong quarterly profits in January, a media report says.
“Big companies also routinely carry out scattered layoffs that are small enough to stay under the radar… And IBM is one such company,” the New York Times said.
Interestingly, after reporting strong quarterly profits in January, its Chief Executive Samuel J Palmisano in an e-mail message to employees said that while other companies were reducing jobs, his company would not. “Most importantly, we will invest in our people,” he wrote.
But the next day, the New York Times said, “More than 1,400 employees in IBM’s sales and distribution division in the United States and Canada were told their jobs would be eliminated in a month. More cuts followed, and overall, IBM has told about 4,600 North American employees in recent weeks that their jobs are vanishing.”
Quoting J Randall MacDonald, IBM’s senior vice-president for human resources, the newspaper said, “It was routine for the company to lay off some employees while hiring elsewhere.”

[SD Transplant]

IBM confirmed more or less about 4,600 layoffs….here are some details:

“Technology giant IBM is resorting to “scattered layoffs” and the total could be nearly 4,600 employees in North America even though the company has reported surprisingly strong quarterly profits in January, a media report says.
“Big companies also routinely carry out scattered layoffs that are small enough to stay under the radar… And IBM is one such company,” the New York Times said.
Interestingly, after reporting strong quarterly profits in January, its Chief Executive Samuel J Palmisano in an e-mail message to employees said that while other companies were reducing jobs, his company would not. “Most importantly, we will invest in our people,” he wrote.
But the next day, the New York Times said, “More than 1,400 employees in IBM’s sales and distribution division in the United States and Canada were told their jobs would be eliminated in a month. More cuts followed, and overall, IBM has told about 4,600 North American employees in recent weeks that their jobs are vanishing.”
Quoting J Randall MacDonald, IBM’s senior vice-president for human resources, the newspaper said, “It was routine for the company to lay off some employees while hiring elsewhere.”

[SD Transplant]

IBM confirmed more or less about 4,600 layoffs….here are some details:

“Technology giant IBM is resorting to “scattered layoffs” and the total could be nearly 4,600 employees in North America even though the company has reported surprisingly strong quarterly profits in January, a media report says.
“Big companies also routinely carry out scattered layoffs that are small enough to stay under the radar… And IBM is one such company,” the New York Times said.
Interestingly, after reporting strong quarterly profits in January, its Chief Executive Samuel J Palmisano in an e-mail message to employees said that while other companies were reducing jobs, his company would not. “Most importantly, we will invest in our people,” he wrote.
But the next day, the New York Times said, “More than 1,400 employees in IBM’s sales and distribution division in the United States and Canada were told their jobs would be eliminated in a month. More cuts followed, and overall, IBM has told about 4,600 North American employees in recent weeks that their jobs are vanishing.”
Quoting J Randall MacDonald, IBM’s senior vice-president for human resources, the newspaper said, “It was routine for the company to lay off some employees while hiring elsewhere.”

[SD Transplant]

IBM confirmed more or less about 4,600 layoffs….here are some details:

“Technology giant IBM is resorting to “scattered layoffs” and the total could be nearly 4,600 employees in North America even though the company has reported surprisingly strong quarterly profits in January, a media report says.
“Big companies also routinely carry out scattered layoffs that are small enough to stay under the radar… And IBM is one such company,” the New York Times said.
Interestingly, after reporting strong quarterly profits in January, its Chief Executive Samuel J Palmisano in an e-mail message to employees said that while other companies were reducing jobs, his company would not. “Most importantly, we will invest in our people,” he wrote.
But the next day, the New York Times said, “More than 1,400 employees in IBM’s sales and distribution division in the United States and Canada were told their jobs would be eliminated in a month. More cuts followed, and overall, IBM has told about 4,600 North American employees in recent weeks that their jobs are vanishing.”
Quoting J Randall MacDonald, IBM’s senior vice-president for human resources, the newspaper said, “It was routine for the company to lay off some employees while hiring elsewhere.”

[SD Transplant]

in five years from now, this will be a classic on a blue ray disc 🙂

[SD Transplant]

in five years from now, this will be a classic on a blue ray disc 🙂

[SD Transplant]

in five years from now, this will be a classic on a blue ray disc 🙂

[SD Transplant]

in five years from now, this will be a classic on a blue ray disc 🙂

[SD Transplant]

in five years from now, this will be a classic on a blue ray disc 🙂

[SD Transplant]

JP,

I can’t speculate if the job losses are in SD, but the trend isn’t looking good at all. That’s a huge # (over 20%)

[SD Transplant]

JP,

I can’t speculate if the job losses are in SD, but the trend isn’t looking good at all. That’s a huge # (over 20%)

[SD Transplant]

JP,

I can’t speculate if the job losses are in SD, but the trend isn’t looking good at all. That’s a huge # (over 20%)

[SD Transplant]

JP,

I can’t speculate if the job losses are in SD, but the trend isn’t looking good at all. That’s a huge # (over 20%)

[SD Transplant]

JP,

I can’t speculate if the job losses are in SD, but the trend isn’t looking good at all. That’s a huge # (over 20%)

[SD Transplant]

I’ve searched for Putin’s transcript from Davos, and he had a great speech (I’m not talking intentions – just the speech).

http://online.wsj.com/article/SB123317069332125243.html

A few paragraphs that caught my attention:

“The current situation is often compared to the Great Depression of the late 1920s and the early 1930s. True, there are some similarities.

However, there are also some basic differences. The crisis has affected everyone at this time of globalisation. Regardless of their political or economic system, all nations have found themselves in the same boat.

There is a certain concept, called the perfect storm, which denotes a situation when Nature’s forces converge in one point of the ocean and increase their destructive potential many times over. It appears that the present-day crisis resembles such a perfect storm.

Responsible and knowledgeable people must prepare for it. Nevertheless, it always flares up unexpectedly.

The current situation is no exception either. Although the crisis was simply hanging in the air, the majority strove to get their share of the pie, be it one dollar or a billion, and did not want to notice the rising wave.

In the last few months, virtually every speech on this subject started with criticism of the United States. But I will do nothing of the kind.

I just want to remind you that, just a year ago, American delegates speaking from this rostrum emphasised the US economy’s fundamental stability and its cloudless prospects. Today, investment banks, the pride of Wall Street, have virtually ceased to exist. In just 12 months, they have posted losses exceeding the profits they made in the last 25 years. This example alone reflects the real situation better than any criticism.

The time for enlightenment has come. We must calmly, and without gloating, assess the root causes of this situation and try to peek into the future.

In our opinion, the crisis was brought about by a combination of several factors.

The existing financial system has failed. Substandard regulation has contributed to the crisis, failing to duly heed tremendous risks.

Add to this colossal disproportions that have accumulated over the last few years. This primarily concerns disproportions between the scale of financial operations and the fundamental value of assets, as well as those between the increased burden on international loans and the sources of their collateral.”

[Author]

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