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Stealth
Layoffs Continue at IBM
Read
employee stories here
Feb.
6, 2002
- 200 workers
cut in Portland OR - former Sequent Systems
- Resource
action announced yesterday in CSO locations: Atlanta MA & OE, Dallas
SW & HW, and A/R locations across U.S.
- Unknown
number let go in San Jose, Boulder, Southbury CT, and other sites
- If you
have just been given notice, please
e-mail us the package you received from IBM management. This will
help determine if age or other discrimination has taken place.
Layoff
Strategies at other companies:*
|
Company
|
Strategy
|
| Accenture |
Voluntary
sabbatical program known as "Flexleave." Offered to about
1,400 consultants mostly in the United States, the program gives
them 20 percent of their salaries and continues benefits over a
six- to 12-month period. Stock options remain in place for those
who took the offer
|
| Cisco |
Employees
can receive a third of their salaries, all benefits, and stock-option
awards while working for one year at a not-for-profit group already
associated with the company |
| Charles
Schwab Corp. |
The
company guaranteed a $7,500 bonus for any affected employee who gets
rehired within 18 months. In addition, company founder Charles Schwab
and his wife have created a $10 million educational fund for these
workers. The fund will cover as much as $20,000 worth of tuition over
two years at accredited academic institutions. |
| Texas
Instruments |
The
chip maker began "lending" several human-resources staffers to vendors
for as many as eight months, with the intention of bringing them back
to their original jobs at the end of that period. The supplier reimburses
Texas Instruments for the staffers' salaries during the loan period
and agrees not to offer them a permanent job. |
*
from Creative Layoff Strategies
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“I
haven’t failed at many things in my life,” John Chambers, Cisco
CEO, said in an interview with The Washington Post last month. “But
I failed at preventing layoffs. It will be a scar on my history.”
"Skills
no longer needed are going to be replaced by people with skills we do
need," IBM spokesman John Lucy
| "IBM is
working very hard to maintain that things are just roses, roses ...What
they're doing is these stealth cutbacks." Will Zachmann, META
Group analyst |
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What
to do if you are laid off, and BEFORE you are laid off!