B&B: Why IBM is Moving From Beijing to Bangalore

posted by Roy Schestowitz on Aug 26, 2024

Money. Maybe politics. But certainly money, too (halving the salaries). Over a thousand laid off today in IBM China. What happens to their roles?

The Wall Street Journal confirms they were transferred (India).

Let's examine how much IBM will "save".

Compare to:

Comparing the same role in the same currency (USD):

USD vs Rupee

USD vs Yuan

A lot of money saved is another mega-bonus to IBM chairman and CEO Arvind Krishna (while other staff gets even less).

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