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September 26, 2005
Fire locally hire globally: The New IBM Way
Even while IBM is cutting 14,500 employees in mostly developed countries, the company gradually is stepping up hiring in areas where labor cost is cheap.
Once a provider of high-end products and IT services, IBM is gradually becoming a low cost competitor in the IT services market.
IBM announced plans to hire 14000 IT workers in India, where it already employes 40,000 professionals. In Brazil IBM plans to hire 8000.
Such low cost workforce will allow IBM to compete with its major competitors Infosys and Tata Consulting Services of India.
In India often people joke that IBM now stands for Indian Business Machines.
Posted by admin at September 26, 2005 03:13 AM