IBM announces it will hire another 25,000 workers in the US ahead of Trump meeting with tech bosses

[GURPS]

IBM announces it will hire another 25,000 workers in the US ahead of Trump meeting with tech bosses

About 6,000 of the new appointments are due to be made in 2017
IBM will invest $1 billion on employee training and development in four years
IBM chief Ginni Rometty is a member of Trump's Strategic and Policy Forum


Read more: http://www.dailymail.co.uk/news/art...5-000-US-eve-Trump-meeting.html#ixzz4SoHZuGgN
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[tommyjo]

It's funny how much of a sucker you are for right wing news and yet everyone else is a "bot"...don't you bother to research anything before you post it?

These aren't new hiring or spending plans just because Mr. Trump got elected.

Rometty, who is on Trump's advisory panel of business leaders, will join Facebook's (FB) Sheryl Sandberg, Amazon.com's (AMZN) Jeff Bezos and Alphabet's (GOOGL) Larry Page and Eric Schmidt at a summit with Trump on Wednesday in New York that is said to focus on jobs.

During the run-up to the election, Trump made employment issues a mainstay of his campaign, promising to scrap trade deals he viewed as draining jobs from the country and impose tariffs on imports if necessary. He has since claimed credit for preventing thousands of manufacturing jobs from moving overseas and used state incentives to strike a deal with Carrier, a unit of United Technologies (UTX), to pull back on its plans to move some operations to Mexico.

Rometty is continuing what is emerging as a formula among technology companies. In conjunction with meetings with Trump in his Manhattan tower, they're pledging to create jobs and invest billions of dollars in the U.S., even if the plans had already been in the works since before he was elected.

The advantage for companies is that it can deflect criticism from the new administration that the industry is shifting jobs offshore, while also giving Trump a way to take credit for job creation goals that may have little to do with his election.

http://www.investors.com/news/technology/ahead-of-trump-meeting-ibm-says-it-will-hire-25000-in-u-s/

Here is her op-ed:

Consider just one industry in one country. According to the U.S. Department of Labor, there are more than half a million open jobs in technology-related sectors in the United States. At IBM alone, we have thousands of open positions at any given moment, and we intend to hire about 25,000 professionals in the next four years in the United States, 6,000 of those in 2017. IBM will also invest $1 billion in training and development of our U.S. employees in the next four years.

http://www.usatoday.com/story/tech/...-jobs-employers-demand-ibms-rometty/95382248/

There is not a mention in her piece about Mr. Trump. No company, none...not one...is going to change their corporate plans on the potential of what a politician might do. Sure investors and speculators will run up certain stocks--and over price them just like they are doing now. These hires have been in the works for some time...AND...all they won't replace the number of jobs IBM has eliminate in the US recently:

The announcement comes after a slew of layoffs at Big Blue with an estimated 14,000 workers laid off back in May. At the end of 2015, IBM reported having just under 378,000 workers worldwide, down from around 434,000 at the end of 2012. IBM shares were unchanged after hours, after closing up 1.7% at $168.29 Tuesday.

http://www.foxbusiness.com/markets/...-hire-25000-workers-over-next-four-years.html

 

[GURPS]

...don't you bother to research anything before you post it?

not my Concern .... it if YOU or anyone else has a problem with something posted YOU Research it

 

[Clem72]

Completely ignoring the Trump tie-in to this news:

Just my $0.02 with having direct interaction with IBM going back several decades. They basically invented the ideas of off-shoring IT labor, and bringing in H1B's to replace existing American workers (in the news recently when Disney does it) and perfected the buying of smaller IT based companies, integrating their IP, and then firing 3/4 of the staff.

Notice that 1, IBM didn't state these would be American's doing the work, simply that it would be in America. 2, they didn't indicate their normal amount of turnover (25k jobs over 5 years represents a 7.5% turnover rate for their US based employees. Not overly high). And perhaps most importantly they didn't indicate how many senior engineers they would be letting go to pay for new junior staff. A single long term employee probably makes well over what it would cost to get two new hires in todays market.

This is just a PR move by one of the most American worker hostile companies in recent history. Guaranteed it will not generate any additional jobs.

 

[SamSpade]

It's funny how much of a sucker you are for right wing news and yet everyone else is a "bot"...don't you bother to research anything before you post it?

Two things --

1. All the OP did was repeat the headlines and the bulleted lines below it. There was zero personal comment.
So you're calling him a sucker when he made no comment whatsoever.

2. While some news from abroad has its own slant, and the Daily Mail is conservative, I hardly think a British tabloid can fairly be considered "right-wing" news.