IBM: No Way We Are Firing Lots of People
January 27, 2015
I watched as IBM’s stock rose after the story about a 100 000 person reduction in force. IBM replied to the assertion with its own response, according to “IBM Denies Mass Job Cuts.” According to the write up:
In a statement, the company said: “IBM does not comment on rumors, even ridiculous or baseless ones. “If anyone had checked information readily available from our public earnings statements, or had simply asked us, they would know that IBM has already announced the company has just taken a $600m (£398m) charge for workforce rebalancing. This equates to several thousand people, a small fraction of what’s been reported.”
IBM has enjoyed a stock boost greater than that generated by Watson marketing. I find this interesting. Watson, what’s your output?
Stephen E Arnold, January 27, 2015
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