must be missing at least one zero, most likely two
IBM has fired the starting gun on voluntary redundancies for UK staff working in the Technology Support Services (TSS) unit of the Global Technology Services division (GTS). The number it is looking for? Ten. Big Blue confirmed on 7 June that globally it will chop 1,700 heads across multiple divisions. The latest cost purge, …
IBM has misfired since 2012 when revenues peaked at $106.9bn. In calendar 2018 the company reported turnover of $79.6bn.
now, it MAY just be me, BUT, if I was owner of a Co that was kicking up 79 BILLION of - I will assume this to be profit - then maybe I would consider it to be doing just rather damn fine, and maybe I would leave it alone ?
staff morale may not be something you can find on the bottom line, but I imagine it will have an impact on things going forward, if you were to keep trimming away ?
as I said, it may just be me though :o)
. In calendar 2018 the company reported turnover of $79.6bn.
now, it MAY just be me, BUT, if I was owner of a Co that was kicking up 79 BILLION of - I will assume this to be profit
No - it's $79.6 bn of turnover(=revenue/income).
If profits were indeed $79.6bn in this case then they would have no need to cut costs as by definition they would be zero here..
Biting the hand that feeds IT © 1998–2019