IBM is Laying Off Workers in India (While Spending a Fortune Buying a Company for Buzzwords, a Box-Ticking Exercise)
10 hours ago:
Will IBM "grow"? Well, its revenue might if it adds others' revenue to its own.
Will expenses go down? It sure sacks a lot of "expensive" workers, but as we showed before, IBM (and Red Hat) also lays off Indians. There's no real coordination.
So what is the overall strategy?
Notice what someone said this afternoon (before the discussion shifted to offshoring:
Another new thread is more about immigration than anything IBM-related.
It seems like the main trend here, IBM trades profits for "M and A", which means revenue can go up. When the profits are too low, as one might expect, the company borrows more money.
Does this strategy work? No.
Microsoft tried the same and ended up owing far too much (in debt) while laying off over 30,000 so far this year (more to come).
Had IBM managed to "Think" (or be "Smart"), it would invest in its own workers and produce something valuable of its own. But IBM cannot and does not do this anymore. It'll end up like AOL. █
4 days ago: Like With Red Hat and Other IBM Acquisitions, the RAs (Layoffs) Seem to Already Extend to HashiCorp