We shouldn't make the mistake of thinking this is a transformation that afffects the United States more than other parts of the world--even if IBM is using terms such as "rebalancing." Obviously, they have already trimmed 1000 jobs from India. It'll be interesting to follow just how many jobs are cut outside of the US compared to within the US, in order to track the ongoing trend of out-sourcing and its impact on such large-scale contractions.
IBM has been relatively resilient in the face of the rise of the new IT giants and the economic crisis of a few years ago. Now this seems like a delayed moment of restructuring and contraction--one that is reflective of their strategy more than any bigger trends in the industry. They have moved from being a hardware company to more of a software provider and that leaves a lot of people out of the loop. The cuts began last year actually, but they are intensifying.
Indeed. We got a resume just today from someone who had been with IBM for a number of years. All that I can offer to them is that they are going into a healthier job market for tech than has been seen for quite a while.
As we unveil EE Times’ 2015 Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. Panelists Dan Armbrust (investment firm Silicon Catalyst), Andrew Kau (venture capital firm Walden International), and Stan Boland (successful serial entrepreneur, former CEO of Neul, Icera) join in the live debate.