News has emerged that
IBM’s so called rebalancing of its staffing worldwide has affected a
significant amount of employees here in the country. Massive layoffs are
being reported at Bangalore headquarters in what employees are calling a
‘slaughter’.
Last
month, IBM reported that it had seen seven straight quarters where
their sales were declining and the senior management of the company had
decided put a $1 billion rebalancing in place when it came to human
resources. This inevitably meant that there would be job cuts at the
company which has offices around the globe. It seems now that the plan
has been initiated first here in India. Reports says that around 40% of
the employees in the Bangalore office have been given the pink slip.
It
seems the affected employees were told to hand over their laptops and
exit the premises immediately. Many are calling the action being meted
out to employees as inhuman. The report also says that many employees
were seen crying as they left the building. The current understanding is
that severance packages are being provided to cover 3 months of an
employees basic salary, which boils down to 6 weeks of pay. The
rebalancing is not over yet and is supposed to last till Friday.
According
to an analyst, IBM will be cutting 13,000 jobs worldwide. India is a
massive operation for IBM and it seems that it will be the worst
affected among the lot. IBM India employs 100,000 people across India.
Developing .. Will be updated when more news comes in.
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