IBM does what IBM does best: Raises the chopper again

http://www.theregister.co.uk/2017/11/28/ibm_gts_redundancies/

Exclusive With the wider ambition to base eight in 10 services personnel to lower-cost wage locations, IBM has commenced the latest job-cutting process in the UK and Ireland.

Big Blue wrote to staff in the Global Technology Services division yesterday to warn of a 45-day consultation, indicating that at least 99 heads are going to roll.

“It is announced today that we are forming an Employee Consultation Committee (ECC) to represent the permanent employee population of the IS Delivery business areas in the UK,” the memo stated.

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Rumour is 170 staff to go this time

Tip of the iceberg for 2018 bearing in mind they need to offset the intake of several hundred Lloyds Bank staff. Next year is going to be brutal in the UK.

So doing the math, it looks like the next RA will be Friday, January 12. Makes sense, there has been a January RA the past two years. IBM has to report 4Q/2017 results to wall street on Jan 17 so this sets them up as looking like they're doing something about the debacle that will likely be if they (likely) miss their 2017 targets for EPS and revenue.

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IBM does what IBM does best: Raises the chopper again

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