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Eat, drink, be merry, for tomorrow the earnings come out
GMSV — ... , and while analysts are expecting earnings to be up about 8 percent, they’re more worried about an anticipated 2 percent drop in revenue, which would be Big Blue’s first fall off in sales since the start of the economic crisis and a signal of broader weakness in the industry. Rumors of massive layoffs persist. On Wednesday, Apple reports, and analysts will be looking at ...

IBM Finally Admits: Yes, We're Laying People Off (IBM)
Silicon Alley Insider — Internet reports of layoffs at IBM (IBM) have been trickling in for days now, with the sometimes hyperbolic Alliance@IBM union website claiming well over a thousand IBM employees have already been let go. SAI called IBM earlier this week about the reports, and was told the company doesn't comment on "speculation." But at least one spokesman in IBM Canada has finally gone on the record. itbusiness.ca: IBM Canada spokesman Mike Boden confirmed on Friday to CDN that a round of layoffs is underway at IBM, including at IBM Canada. According to Boden, no exact numbers on ...

So Much for IBM’s Lifetime Employment Concept
Digital Daily — If no mention of layoffs was made during IBM’s (IBM) reporting of its fourth-quarter results it’s not because the company hadn’t been planning them. IBM sent layoff notices to a number of employees last week — just one day after reporting a 12 percent gain in fourth-quarter earnings and issuing an encouraging financial outlook for 2009. And according to reports, it is eliminating about 2,800 jobs in North America — most in its sales and software units. While confirming that these “resource actions” are indeed taking place, IBM refused to ...

IBM Cuts More Than 3,000 Jobs, Workers Claim
InformationWeek - All Stories And Blogs — IBM has laid off roughly 3,000 U.S. workers over the past several days, according to an employee group that's affiliated with the Communications Workers of America. Since the beginning of the month, IBM has cut 1,419 workers in its software ...

Careers abbreviated at AOL, SAP, IBM
GMSV — ... , national coordinator of Alliance@IBM . “We expect this to keep going right through the month. It’s really unacceptable to us that IBM is not releasing the numbers or locations on these cuts. … It’s up to IBM to come clean on this.” IBM maintains this is all just part of its normal cut-here-add-there business adjustments, not a “material” event, and thus need not be spelled out for the SEC or anyone else. ...