Everyone seems to be surprised by the fact that a publicly traded company cuts jobs, especially one with a heavy R&D budget, during an economic downturn. This is how it has always been. The fact that we have had government prop-ups for 20 straight years doesn't mean anything. It's a temporary situation. In real life, we have downturns, and tech companies, especially those with shareholders, they fire people as a protective measure. This is always how it has been, and only very naive people should be s
Exactly. I will NEVER work there again. Im in the RTP, NC area and everyone around here knows you don't go work for IBM if you want job security. They are going to miss a quarter? Expect layoffs. Next quarter, they may re-hire several of those they laid off, just to do it again. Either way, working under the axe constantly encourages you to work really hard - at finding another job.
It's surprising only because this time they're firing people based on "trust me bro there's gonna be a downturn" while posting record profits.
Exactly. I will NEVER work there again. Im in the RTP, NC area and everyone around here knows you don't go work for IBM if you want job security. They are going to miss a quarter? Expect layoffs. Next quarter, they may re-hire several of those they laid off, just to do it again. Either way, working under the axe constantly encourages you to work really hard - at finding another job.