Right again sir, Xerox seems to be laying off over 300 workers or more. Go Big X. BTW I never saw a post from you EVER believing that XRX would be broken up into 5 companies. Liar.
Nobody is ever guaranteed a job forever - even though the Watson era did their best to protect. Sales reps who did NOT meet quota did have a hard time of it. But to call firing workers a part of key business strategy is an insult to the employee and rank and file who DO the work and do not just inhabit Armonk in management meetings, of which IBM has excelled for ages. Business wants to keep and attract top talent and not just fire them as part of the 9 to 5 job cycle. Eventually, like socialism, you run out of people to fire.
Hat tip to Business Insider - email came out that firing redundant workers is a key part of IBM strategy. The key is of course redundant ... if you define that as replacing old American workers with young H1-B visa workers at lower pay. OR firing experienced talent and replacing with young newly graduated talent. Or just keeping the shareholders happy. How the Watsons would turn over in their grave at that one.
Right you are sir. Ursula Burns is OUT!!! Took years but not even the Queen's Guard could save her.
Yes, she has lost considerable power and so the Queen's Guard could not save her as our Friday Savant has so often said. More good news soon too???
The dividend is AN EXPENSE and given the mind-set of the McKinsey in control, to be reduced as long as possible, eliminated would be better of course.