Massive layoffs sweeping the IT industry
Posted by: Raj Perumal
economic crisis, economic crunch, economic slowdown, IBM, IBM layoffs, Intel, Intel layoffs, layoffs, Microsoft, Microsoft layoffs
Well it looks like we’re getting even more bad news this year….
Microsoft, IBM and Intel have announced massive layoffs. The buzz about the Net is that Microsoft is going to layoff 5000 people, Intel is going to cut about the same and IBM is going to be laying off people with no specific number announced yet….although according to rumours it could be 3 times as much as the other guys.
So what’s going on here? It’s quite simple really, it doesn’t matter how big you are, you can’t dodge the economic crisis that has gripped the nation. Even the big boys are going to have to tighten their belts.
What I find interesting is that IBM has beat all of Wall Street’s expectations despite the economic crunch and they’re still laying people off. What does a company have to do to not have to lay people off during these times?
-RP
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