Hacker News Reader

That's a very cynical view. It might be true, but I hardly think they were just waiting for the perfect opportunity. If it made business sense before, they would've already been halting their hiring.

View on HN

They've been going through cycles of doing that for many years. Their head count has dropped by about a third in the last decade. It peaked at 460K people in 2012 and they are now closer to 340K. So -120K people in ten years.

https://www.macrotrends.net/stocks/charts/IBM/ibm/number-of-...

What they just announced is a relatively minor round.

That source doesn't seem too accurate, 2020 is shown as a decrease but it's when RH was acquired, and 2021 or 2022 should have had a -90K from the Kyndryl spin off.

Also I am not sure if the 2014 decrease is also related to the formation of GlobalFoundries but I couldn't right away find news about a -80K layoff that year.

A lot of corporations are replacing humans jobs instead of enhancing them with new tech like what the tech gurus say during their TED talks about the benefits of X tech. Another reason to flip cars.

Smart Money flips houses. The Smartest Money flips GPUs.

The smartest money flips the output of the GPUs, more precisely. Flipping GPUs is just a side project.

Smart Money flips houses. The smartest money flips bits.

Reply on news.ycombinator.com