70k added to payroll in 2015, 70k laid off in 2016. Add: Offshore; Cut: Onshore - when the dust settles, Indian Business Machines will be an awesome company figthing a tranche warfare with Tata and Infosys. Forget R&D, that's just for the investors, to blur their vision - what's happening right now is a huge shift offshore, it's been going on for a while but it has accelerated over last 5 years. You go IBM, never mind the layoffs.
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In a decade or two, we will see through the foolishness. Bought an AM/FM radio lately or a Tube TV? I/T industry will be there too. Indian I/T workers will soon find their jobs being off-shored.