One story of layoff's:

IBM's massive layoffs in India / Employees are breaking down inconsolably with the "inhuman" and "insensitive" treatment.

IBM, International Business Machines, noted American computer manufacturer and software services firm, has started its massive layoffs in India by sacking its employees. The Big Blue (sobriquet of IBM) is apparently resorting to "Resource Action" (RA) and it is said to be deep and numbers are vast. The U.S software company has already lay offed considerable number of its employees from Bangalore, Gurgaon, Hyderabad, Mumbai and Pune branches.

It is learnt that the sacked employees are breaking down inconsolably with the "inhuman" and "insensitive" treatment of their management. Laptops are being confiscated from the axed employees. So, several employees are being spotted with tears filled eyes and leaving the company building along with their personal belongings. We hear that the IBM STG (System and Technology Group) has begun this and workers are asked to leave on the spot. Many employees have termed this as "massive slaughter".

IBM has sent a note regarding this. It says, "Job cuts in India STG. Announced today including managers. Asked to return laptops with in 2 hrs and leave premises." Going by reports, the No.2 largest firm (In 2012, Fortune ranked IBM the No. 2 largest U.S firm in terms of its number of employees) is contemplating to cut down as many as 13,000 its employees out of 4,34,000 workers worldwide. After India, IBM's RA process would be started in United States.

As reported by Gulte.

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