Thursday, May 05, 2005

50 people without a pay raise - 13000 without a job

IBM: Restructuring Will Save Up to $2 Billion: "IBM later announced that 50 of its top executives would not receive raises until performance improves. The restructuring is aimed at aiding that improvement. However, it also will mean a charge of $1.3 billion to $1.7 billion in the second quarter, primarily due to the job cuts. "

No comments: