IBM's Palmisano: Take a job in the 3rd World...at 3rd World wages

Source: InfoWorld

IBM's Palmisano: Tech's slumdog millionaire
IBM's cruel layoff options: Take a job in the Third World and lose your severance, move within the United States at your expense, or lose both your job and severance

TAGS: IBM

Meet Sam Palmisano, bozo of the month. We diss IBM's CEO for allowing some management numbskull to suggest that the thousands of Big Blue employees who have been fired recently should consider a move to India. And work really cheaply. Always helpful, IBM is willing to pitch in with moving costs and -- in a particularly ironic twist -- visa assistance.

Yeah, it's hard to believe. But IBM put it in writing: "IBM has established Project Match to help you locate potential job opportunities in growth markets where your skills are in demand," IBM says in an internal memo first obtained by InformationWeek. "Should you accept a position in one of these countries, IBM offers financial assistance to offset moving costs, provides immigration support, such as visa assistance, and other support to help ease the transition of an international move."

< Everyone from Bill Gates to prestigious business publications such as the Wall Street Journal and the Economist has claimed that for every H-1B visa granted, between three and five new jobs are created. Read why that's far from the truth. >

Read more: http://weblog.infoworld.com/tech-bottom-line/archives/2009/02/slumdog_program.html?source=NLC-DAILY&cgd=2009-02-05

Quote: "Everyone from Bill Gates to prestigious business publications such as the Wall Street Journal and the Economist has claimed that for every H-1B visa granted, between three and five new jobs are created."

That's the biggest pile of bullshit that I've ever heard. :eyes:

K&R

quite a large number of MBAs now. The shareholders might want to think about that when Sam's contract comes up for renewal.

to raise a visa cap?

'let them eat cake!'

One restaurant job, one convenience store job, one Wal-Mart job (maybe), a quick-lube oil changer and an auto detailer.

Combined salary: almost enough to live on.

Except here in Ohio.....those jobs are all taken....or they're laying off. :(

x(

it's not so difficult to see why inventions like the guillotine came about. Not saying that I advocate their use...but I understand.

In the past 60 years (maybe more) IBM fostered talent exchanges among its employees via 2 or 3 year foreign assignments. This was viewed as a necessary part of running an international technology business. Along with a housing allowance, travel expenses for you and your family, moving expenses back and forth and a per diem allowance; you received your normal IBM US salary and financial assistance for paying taxes in two countries.

However, in the past 10-15 years, IBM has ripped off employees pensions, sent their jobs overseas and forced employees to train the replacements, targeted anyone over 50 for "layoff", ended free health insurance for retirees and pensions for new employees, etc. etc. etc.

Now Sam Palmisano, who makes about $25 million a year has offered recently laid off employees the chance to take a job in India, China or Russia. At local wages! A one way trip. Don't come back. Housing allowances and the rest of the package that used to exist? Forget it.

More info at http://www.endicottalliance.org/