PDA

View Full Version : IBM Beats Estimates, and Lays-Off Workers


gkarris
Jan 24, 2009, 08:10 PM
Here's the news. They are laying off, despite beating profit estimates...

Report: IBM quietly lays off North American staff

http://news.cnet.com/8301-1001_3-10149661-92.html


IBM earnings beat analyst expectations

http://news.cnet.com/8301-1001_3-10146113-92.html

At least IBM's doing it "quietly"... :eek:

Don't you love the BIG Tech Companies?

bruinsrme
Jan 24, 2009, 08:18 PM
This is a perfect time for corporations to reduce staffing levels without getting beat up too badly.

Tech companies have to be worried about the next 2 or 3 quarters.

MacHipster
Jan 24, 2009, 08:33 PM
This is a perfect time for corporations to reduce staffing levels without getting beat up too badly.

Tech companies have to be worried about the next 2 or 3 quarters.

I second this. It's a way of companies letting people go that they've wanted to for some time, but are able to use the economy as the excuse.

mcavjame
Jan 24, 2009, 08:39 PM
I second this. It's a way of companies letting people go that they've wanted to for some time, but are able to use the economy as the excuse.

When profit is the bottom line, I don't think a company is worried about your feelings being hurt when they let you go.

Abstract
Jan 24, 2009, 08:52 PM
Yeah, I don't think anybody is using the economy as a convenient way to fire people without looking badly. Even though they beat estimates last quarter or year, perhaps the overall projected outlook does not warrant having so many employees for the upcoming year.

All of you may be right, and I may be wrong, but it's difficult for us to know what they were thinking, and what information they were provided when this decision was made.

trule
Jan 25, 2009, 03:15 AM
I second this. It's a way of companies letting people go that they've wanted to for some time, but are able to use the economy as the excuse.

No, IBM does this each year.