IBM to layoff 15000 people - India impact will be huge
alok agarwal
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 (15000) 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.