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International Business Machines Corporation Message Board

  • retiredexaon retiredexaon Jun 13, 2013 12:46 PM Flag

    Devastating cuts

    From what I am reading, entire departments are being shredded to pieces. Ginny wanted everyone to work harder and she going to achieve that goal very well. But this does not seem to be FAT, and Ginny missed her numbers so the only she knows how to do now is fire people to reduce costs. Wall Street loves that kind of thing and hence the shareholders will be happy, because after all IBM EXISTS FOR THE SHAREHOLDERS ONLY, DOESN'T IT? Good customer support, work, happy clients all be damned in lieu of the almighty stock price. This is a tragedy.

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