Menu
IBM denies employee "bloodbath" is fast-approaching

IBM denies employee "bloodbath" is fast-approaching

IBM has strenuously denied circulating media reports that the company will slash 110,000 jobs under a scheme known internally as Project Chrome, representing 26% of its global workforce.

IBM has strenuously denied circulating media reports that the company will slash 110,000 jobs under a scheme known internally as Project Chrome, representing 26% of its global workforce.

According to Forbes tech blogger Robert X. Cringely, the tech giant, who employs 430,000 across the globe, Project Chrome as early as this week, “touted to me as the biggest reorganisation in IBM history.”

Claiming to have been informed of the company’s plans since before Christmas, Cringely claims Project Chrome has been triggered into action by “this week’s announcement of an 11th consecutive quarter of declining revenue for IBM.”

“Project Chrome is bad news, not good,” he reports. “Customers and employees alike should expect the worst.”

“To fix its business problems and speed up its ‘transformation’ … about 26% of IBM’s employees will be getting phone calls from their managers.

“A few hours later a package will appear on their doorsteps with all the paperwork. Project Chrome will hit many of the worldwide services operations.”

But despite Cringely’s claims, IBM has come out fighting, branding the report “ridiculous speculation” that was both untrue and inaccurate.

“IBM does not comment on rumours, even ridiculous or baseless ones,” the company stated.

“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 charge for workforce rebalancing.

“This equates to several thousand people, a small fraction of what’s been reported.”

Cringely’s article stems from the announcement last week that the company was taking restructuring charges of around NZ$780 million, despite refusing to disclose actual job numbers.

“We are not going to replicate the same level of restructuring that we had last year,” Martin Schroeter, Chief Financial Officer, IBM, told analysts last week. “It will be a lower amount.”

Reseller News has approached IBM New Zealand for comment.


Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags job cutsIBM

Featured

Slideshows

Kiwi channel comes together for another round of After Hours

Kiwi channel comes together for another round of After Hours

The channel came together for another round of After Hours, with a bumper crowd of distributors, vendors and partners descending on The Jefferson in Auckland. Photos by Maria Stefina.​

Kiwi channel comes together for another round of After Hours
Consegna comes to town with AWS cloud offerings launch in Auckland

Consegna comes to town with AWS cloud offerings launch in Auckland

Emerging start-up Consegna has officially launched its cloud offerings in the New Zealand market, through a kick-off event held at Seafarers Building in Auckland.​ Founded in June 2016, the Auckland-based business is backed by AWS and supported by a global team of cloud specialists, leveraging global managed services partnerships with Rackspace locally.

Consegna comes to town with AWS cloud offerings launch in Auckland
Veritas honours top performing trans-Tasman partners

Veritas honours top performing trans-Tasman partners

Veritas honoured its top performing partners across the channel in Australia and New Zealand, recognising innovation and excellence on both sides of the Tasman. Revealed under the Vivid lights in Sydney, Intalock claimed the coveted Partner of the Year 2017 (Pacific) award, with Data#3 acknowledged for 12 months of strong growth across the market. Meanwhile, Datacom took home the New Zealand honours, with Global Storage and Insentra winning service provider and consulting awards respectively. Dicker Data was recognised as the standout distributor of the year, while Hitachi Data Systems claimed the alliance partner award. Photos by Bob Seary.

Veritas honours top performing trans-Tasman partners
Show Comments