IBM could reduce its workforce by 299,000 in seven years

IBM has told Personnel Today that it could reduce its workforce from 399,000 today to 100,000 in 2017.2017 is the planned completion date of the completion of its its HR transformation programme.Tim Ringo, head of IBM Human Capital Management, told Personnel Today IBM would re-hire the workers as contractors for specific projects and when necessary use crowdsourcing. He said it was only being considered at present."There would be no buildings costs, no pensions  and no healthcare costs, making huge savings," he said.Sounds like what in India is known as "The Bench."

via www.computerweekly.com