{"id":16662,"date":"2017-05-17T13:55:31","date_gmt":"2017-05-17T08:25:31","guid":{"rendered":"https:\/\/apnlive.com\/?p=16662"},"modified":"2017-05-17T13:55:38","modified_gmt":"2017-05-17T08:25:38","slug":"ibm-denies-layoff-plans","status":"publish","type":"post","link":"https:\/\/apnlive.com\/business-news\/breaking-newscast-economy\/ibm-denies-layoff-plans\/","title":{"rendered":"IBM denies layoff plans"},"content":{"rendered":"<p>[vc_row][vc_column][vc_column_text]<em>Earlier reports said the tech giant is firing 5000 Indian employees<\/em><\/p>\n<p>Multinational tech giant IBM on Wednesday rebuffed reports that it is firing 5,000 employees as part of a giant layoff trend persisting in the market.<\/p>\n<p>Reports on Tuesday said that the tech giant is firing 5,000 Indian employee, thereby joining the club of Cognizant, Infosys and Wipro by massively laying off employees as part of a strengthening trend of automation and post stricter rules for visas in foreign countries.<\/p>\n<p>IBM also said that though the layoff reports were false, the company is planning to re-skill and rebalance its employee workforce.<\/p>\n<p>\u201cThis is factually incorrect. We are not going to comment further on rumours and speculation. Re-skilling and rebalancing is an ongoing process as we accelerate the benefits of cognitive and cloud technologies for clients around the world,\u201d said a spokesperson for IBM in an email.<\/p>\n<p><em>Economic Times<\/em> reported that though IBM had fired 200 employees from a business unit last year, it had done so in a staggered manner. Other reports suggest that the company\u2019s performance-based appraisal exercise of its employees may affect around 1-2 per cent of the total work strength.<\/p>\n<p>IBM India gives jobs to around 1.5 lakh people and the company has decided not to go smooth on identifying non-performers.<\/p>\n<p>Major tech companies including Wipro, Infosys, Cognizant, and, more recently, Tech Mahindra have come up with an annual performance reviews, which identifies the bottom or bad performers.<\/p>\n<p>IT secretary Aruna Sundararajan said that the IT sector will grow at a pace of at 8-9 per cent this year and expressed confidence that more people will be hired by the companies as concepts like digital payments, cyber security, big data and cloud gain traction.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]Earlier reports said the tech giant is firing 5000 Indian employees Multinational tech giant IBM on Wednesday rebuffed reports that it is firing 5,000 employees as part of a giant layoff trend persisting in the market. Reports on Tuesday said that the tech giant is firing 5,000 Indian employee, thereby joining the club of Cognizant, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":16664,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1519,1518],"tags":[3635,3634,1110,3636],"yst_prominent_words":[],"ppma_author":[140543],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/d2r2ijn7njrktv.cloudfront.net\/apnlive\/uploads\/2017\/05\/ibm.jpg","jetpack_sharing_enabled":true,"authors":[{"term_id":140543,"user_id":4,"is_guest":0,"slug":"apnnewsdesk","display_name":"APN Live","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/478eacb893eda88aa6ed8d99b005bf58?s=96&r=g"}],"_links":{"self":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts\/16662"}],"collection":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/comments?post=16662"}],"version-history":[{"count":0,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts\/16662\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/media\/16664"}],"wp:attachment":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/media?parent=16662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/categories?post=16662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/tags?post=16662"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=16662"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/ppma_author?post=16662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- html is corrupted -->