IBM quietly axing thousands of jobs, source claims • The Register

IBM’s spokesperson did not respond to a request to be more specific about the number of layoffs and to explain where new roles were being hired to maintain a flat headcount.

According to our source, the job cuts have been directed mainly at senior-level programmers, sales, and support.

This individual’s job is headed to India, we’re told, reflecting a hiring freeze in the US. But hiring is said to be ongoing in India.

IBM has a history of moving jobs to India.

As with prior layoffs, or “resource actions” to use IBM’s euphemism, we’re told those affected are substantially in the 50-55 age bracket with 20-24 years of seniority.

“It seems exclusively people in L7 and L8 and L9 bands, at the top of the band in payment structure,” the insider said.

Despite numerous past and ongoing age discrimination lawsuits, IBM maintains it does not systematically discriminate on the basis of age. ®

And not just Big Blue

Last month, Cisco announced it was axing roughly 6,000 employees. True to its word, it is this week giving those thousands the bad news and laying them off. Staff at AppDynamics, Splunk, Cisco Services, Cisco Commerce, sales, Cisco Talos, and other sections are said to be affected.

This follows 4,000 or so folks cut at the start of 2024. Cisco has so far declined to comment beyond what it said in August.

Back then the networking equipment maker said it was kicking off “a restructuring plan to allow it to invest in key growth opportunities and drive more efficiencies in its business.

“In connection with this restructuring plan, Cisco currently estimates that it will recognize pre-tax charges of up to $1 billion consisting of severance and other one-time termination benefits, and other costs.

“Cisco expects to recognize approximately $700 million to $800 million of these charges in the first quarter of fiscal 2025 with the remaining amount expected to be recognized during the rest of the fiscal year.”

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