to appear as cool and trendy, ibm reportedly fired as many as 100,000 employees

To Appear As Cool And Trendy, Ibm Reportedly Fired As Many As 100,000 Employees

Business

International Business Machines Corp. (IBM) laid off around 100,000 employees in the past few years. As per former vice president’s age discrimination lawsuit, IBM has fired thousands of older to boost its appeal and to appear trendy. These are Amazon.com, Inc., Microsoft Corporation, Google, and others.

Earlier IBM has been in the news for hiring millennials by written blogs. These includes The Millennial Experience, Twitter hashtag, and #IBMMillennial. The company is focusing to hire new staff. In order to re-position and place in the new departments. The company hires above 50,000 employees. To contributes nearly a half-billion dollars for training every year. The company gets more than 8,000 job applications every day. Also, the company has other plans to raise its business. For instance, in July 2019, the company acquired open source software firm red hat for around US$ 34 bn. In addition, instead of separate software and hardware groups. The company is focusing to create new groups around new business areas. These areas are research, sales & delivery, systems, cloud, security, and commerce & analytics.

According to report published by the Wall Street Journal, the company’s revenue is decreasing slowly. So, the company is focusing to cut costs by firing thousands of the workers. For example, last month, the company laid off another 2,000 workers. Moreover, IBM is facing many lawsuits accusing of firing older workers. Previously, the company has fired thousands of employees in Canada, US, and other high wage influences to cut costs. As well as reorganize its workforce after reaching late to the mobile-tech and cloud-computing revolutions. As per document issued by ProPublica, IBM had fired an over 20,000 US staff whose age is 40 or older than in the past five years. So, the company is facing many suits involving firing older workers. It includes individual civil suits filed in Pennsylvania, California, and Texas and a class-action case in Manhattan in 2018.

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