IBM is going to cut 5,000 people from its workforce in the United States according to this article on Yahoo! News. It comes as no surprise given the state of the company and, more importantly, the national economy. This cut accounts for about 4% of the company’s total workforce.
Many of the cuts will come from the global services division, which includes outsourcing and consulting services.
They are also transferring many of these jobs to India.
Can’t blame them at times. People get so pissed when jobs go overseas. But if an Indian can do the same job, cheaper, what’s stopping them? That is the point of capitalism, isn’t it? Capitalism isn’t “The best American wins.”