I simply can not believe that yet another major US tech company like IBM would lay off so many employees like this... COUGH COUGH, General Electric, COUGH. In other news they still are off shoring their income to shield it from paltry US taxes they are asked to pay but still enjoy major US tax payer support through subsidies and tax breaks. Irony... Get used to this people, this is only going to be getting worse after the next election when they will have all their people in place and pass laws allowing them to really take advantage of the common hard working person. Hard work, dedication, honesty, and integrity, are not really valued like they should be any more. Sensible, modest, long term growth and stability are being sacrificed in favor of short term profits to satisfy the investors and line the pockets of the top few execs. The one sunny thing about this is that in another twenty years they will be on the auction block to have their patent portfolio sold to pay off creditors.