IBM to Retrench US Jobs to Trim Operating Costs: Stock to Gain? [Yahoo! Finance]
International Business Machines Corporation (IBM)
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Source: Yahoo! Finance
A significant part of these jobs is slated to be shifted to India under a “resource action” plan – an ongoing corporate strategy to tap the huge talent pool of the subcontinent at lower operating costs. Although the company spokesperson has refused to comment on the grapevines and commit an exact figure for the layoffs, various sources have confirmed that the action has already been started. Certain job cuts have been confirmed in Raleigh, NC, New York City, NY, Dallas, TX, and CA, impacting employees from consulting, corporate social responsibility, cloud infrastructure, sales and internal systems teams. The Cloud Classic division of IBM is likely to be the strongest hit, with the company aiming to create and/or expand roles in India for professionals with expertise in cloud computing, infrastructure, sales and consulting. Despite the cacophony, IBM is witnessing solid demand trends for hybrid cloud and artificial intelligence (AI) solutions with a client-focused portfolio and br
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