Tag: layoffs
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Gartner Says Layoffs May Ultimately Harm Shareholder Returns – After firing people to lower costs, the remaining staff have to do more work, either demanding more pay of getting demoralized and seeking another job. Also, if you want to grow revenue, you’ll need more staff, so you’ll hire contractors, and eventually want to hire back…
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Link: Oracle swings axe on cloud infrastructure corps amid possible bloodbath at Big Red
These US-based layoffs are part of a broad round of job cuts around the globe this month, said to range from 500 to 14,000 at the database giant. The biz employs about 140,000 worldwide. All the articles say it’s in the cloud business. Source: Oracle swings axe on cloud infrastructure corps amid possible bloodbath at…
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Link: Cutting ‘Old Heads’ at IBM
“ProPublica estimates that in the past five years alone, IBM has eliminated more than 20,000 American employees ages 40 and over, about 60 percent of its estimated total U.S. job cuts during those years.” Original source: Cutting ‘Old Heads’ at IBM
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