IBM Layoffs

Well, I hope it isn't true, however with the economy the way it is, one never knows. If nothing has come this morning so far, I am inclined to believe that there will be nothing today, unless nobody on the third shift was in the loop to be layed off, as they are the first shift of the day.

I have received a number of notes from around the country asking me if I had heard anything. The source seems to be the Union Organizer Web site and they are not as reliable as some of the old Rumor Mills of the old days as they have a tendency to try and stir the pot and agitate the employees.

The Burlington Plant did not do well this last quarter, however the following indicates how the rest of the company is doing:

IBM Posts 12% Gain In 4Q, Gives Positive Outlook.
On the front of its Marketplace section, the Wall Street Journal (1/21, B1, Bulkeley) reports, "Bucking the trend of high-tech competitors, International Business Machines Corp. (IBM) posted a 12% gain in fourth-quarter profit and gave an upbeat outlook for 2009." The company said that in spite of facing "an extremely difficult economic environment," it predicts it will "continue to benefit from the increasing profitability of its software and services businesses." IBM asserted that "customers are continuing to sign up for outsourcing and other services contracts."

I guess bottom line we just have to wait and see and hope for the best.