IBM and Sun Microsystems Get Closer to Merger
Layoffs inevitable if companies merge
It has been rumored for weeks that IBM is considering buying Silicon Valley computing pioneer Sun Microsystems. Those rumors appear to be valid. Forbes magazine reports that the companies are inching ever closer to joining forces. Forbes also reports that said merger could result in 10,000 [...]
IBM Layoffs | 5,000 U.S. Jobs Cut
Big company, big cuts
News of impending layoffs at IBM leaked yesterday, but the official numbers weren’t confirmed until today. IBM says it is cutting 5,000 jobs in the United States. Hopefully their severance packages are big enough that they won’t need short term loans to get by.
Headed for the door
Yesterday, [...]
More IBM Layoffs in the Works
Company Cuts Jobs Despite Strong Quarter
When its financial quarter ended in January, IBM reported net income of $4.4 billion, or $3.28 a share, on revenue of $27 billion.
Nevertheless, the technology giant’s employee union posted a warning on its site that job cuts are imminent.
Round 2 for 2009
The number of layoffs [...]
IBM Workers Might Need Payday Loans for Moving Costs
IBM offers laid-off workers positions overseas
We might see a higher demand for payday loans among IBM workers if some of them suddenly have to move.
This year IBM has already laid off more than 4,000 employees, but these layoffs come with an interesting option: Would you like a job in India?
Go [...]
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