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Besides the strategic initiatives, we believe restructuring is also to reduce costs by moving to low cost regions (some jobs are believed to be moving to India and Costa Rica). IBM also plans to hire several hundred thousand employees. While.
Last week, IBM announced a new round of some 1,200 job cuts, bringing the total number of workers. on one’s previous position and destination of choice. Brazil, China, and India are mostly being touted as the available locations but.
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Larry Dignan is Editor in Chief of ZDNet and Editorial Director of ZDNet’s sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at.
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International Business Machines released its latest earnings reports after closing bell tonight. IBM posted non-GAAP earnings of $2.95 per share on $20.2 billion in revenue, against the consensus estimates of $2.89 per share in earnings.
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IBM has been restructuring its business, with job reductions and the sale of its low-end server. Pacific and declined 11 percent in emerging markets such as Brazil, Russia, India and China. Software was the only major business to show.
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The news echoes IBM’s recent suit against former vice president of microprocessor technology development, Mark Papermaster, when he tried to take up a position at Apple. A federal judge ordered Papermaster to step back from his.
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PSEG Long Island has ended a contract for computer services with IBM, a move that will impact more than a dozen. PSEG has contracted with India-based Tata Consulting Services, also known as TCS, to take over the work. PSEG.
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However, the share of digital at TCS and Wipro ranges 18-22%, compared with 42-45% at IBM and Accenture. who have lost jobs are not exactly the wretched of the earth. They can find new jobs or, better still, create new ones. India’s.
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That is part of a broader move by IBM to hire 25,000 new employees in growth areas globally, while cutting jobs and costs in slower growing hardware and services businesses. “There was so much tire-kicking a year ago. Now you are seeing.
Qantas yesterday handed the day-to-day running of its computer and data systems to IBM and Telstra under a. when it was revealed that 450 IT jobs, outsourced by Telstra, would be moved overseas, mostly to India. Unions believed this.