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The Register: IBM moving 30% of GTS jobs with Bain's help

Published 01/11/2018, 09:32 AM
© Reuters.  The Register: IBM moving 30% of GTS jobs with Bain's help
IBM
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  • IBM (NYSE:IBM) plans to reassign 30% of the staff from its 103K-member GTS business this year, according to The Register.
  • Sources say IBM hired Bain to help with the reorganization of Global Technology Services.
  • The Register published a slide, credited to an IBM internal presentation, which shows 10,100 GTS jobs classified as “Attrition w/o backfill,” which means the moving staffers won’t be replaced.
  • IBM hasn’t reported top-line growth in 22 quarters. The company generated $92B in cash from 2012 to 2017 but returned 80% to shareholders.
  • IBM reports Q4 results January 19.
  • IBM shares are up 0.22%.
  • Previously: IBM tops list of U.S. patents for 25th year (Jan. 9)
  • Now read: The Contrarian Case For IBM


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