SA Migration International

News Articles

IBM cuts a further 2 000 workers

Source: , 15/06/2019

The New York-based firm confirmed to media on Friday that the 2 000
employees to be retrenched represent only 1% of its global workforce.
It is not yet clear if any IBM South Africa staff would lose their
jobs, as the company is yet to comment on the matter.
On Friday, IBM Global confirmed in a statement that a â€œsmall
percentage of employeesâ€ who are not performing â€œat a competitive
levelâ€ would be leaving the company.
Further, the IBM statement read: â€œWe are continuing to re-position our
team to align with our focus on the high value segments of the IT
market â€` while aggressively hiring in critical new areas that deliver
value for our clients and IBM.`
IBM has previously shed jobs for two consecutive years.
The first job losses were in 2016 when the company was shifting its
focus towards cloud computing; the following year, 2017, the jobs
bloodbath continued at IBM with more jobs being cut.
One analyst says the job losses are a continuation of a process IBM
began a decade ago.
Senior equity analyst at Cape Town-based Mergence Investment Managers,
Peter Takaendesa, says: â€œThe job layoffs can be viewed as a way of
refining a process IBM started a decade ago. The journey of shifting
from hardware to software a decade ago has had challenges. Software
services require less resources than hardware and also automation
keeps going, also affecting jobs.â€
Takaendesa also points out that competition has severely affected
IBMâ€™s performance as new entrants had performed better.
â€œThe smaller guys (SMEs) have also given IBM strong competition; they
came into the market smaller but they have done better in terms of
services offering,â€ he says.
IBM has for years been viewed by analysts as lagging behind the
overall technology sector. It went for six years declining in sales
until 2018 when it grew revenue by a meagre 1%.

Search

Latest News

... Read more...
... Read more...
... Read more...
... Read more...

If you are visiting SA or already here on a visa, take this as a public-interest warning. In 2025, a quiet, but sharp, shift has taken hold inside parts of home affairs adjudication ranks: applications are being refused almost mechanically if they were not submitted at least 60 days before visa expiry.A wave of refusals repeating near-identical wording:The applicant did not submit his/her application no less than 60 days prior to the expiry date of his/her.

The rigid application of this rule, devoid of consideration for mitigating circumstances, raises serious concerns about the fairness and legality of such administrative decisions.

... Read more...

... Read more...
... Read more...
... Read more...
... Read more...
... Read more...