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“Slaughter House”: First Person Accounts Of How IBM Just Fired Thousands Of Workers Across India

A week ago, the Dell dude warned that it’s going to be a layoff “bloodbath” as the recently LBO-ed firm began firing 15,000. Now it’s IBM’s turn. According to WRAL Tech Wire, the company which has underperformed Wall Street’s expectations for many quarters, has begun “cost-rationalizing” terminations in India – the country that hosts some 100,000 of IBM’s […]

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Europe Considers Wholesale Savings Confiscation, Enforced Redistribution

GIH: Scary revelations coming from the EU, regarding ‘bail-in’ strategies funded by savers.  How this ‘confiscation’ of assets is to be structured and sold to the public (if they have a choice) remains to be seen.  But even having such a discussion should make anyone with any assets in Europe worry.  Cyprus was a ‘test […]

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