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Being a former IT guy, I've been pretty much aware of what the company has been doing, personnel wise, for quite some time.
Unfortunately, virtually every tech company is doing this. IBM may be the largest, but certainly not the only one.
I have mixed emotions on this. This is also largely due to the interconnected, world-wide economies.
There is a lot of talent in places as India, and they will work for less than half of what we pay in the U.S.
I don't have the answer to globalization and competitiveness, which this represents.
Hello Retired travelor:
I think that probably all IT people are concerned and confused by this issue. But from the sound of it your retired. I would hope that you can empathisize with those in their 50's with kids in College that have gotten the boot from IBM after giving them 25 years and have commitments to meet. Finding a job in this economy in your 50's is a adaunting task. Not only do you get beat out by BRIC countries but you get beat out by kids your childrens age. Retired Travelor not sure your in a position to understand the hardship. Your traveling problably on a pension.
And to think Obama is so stupid in economics that he is lauding Sam P on doing a good job. YA Sammy P has definitley created his share of unemployment- clearly a mattter that he and his buddy Obama do not care to address or worry about-heck what the hell their both employeed and living in a big white house.
Best regards and best wishes.