These Resource Action (RA) notifications tell staff that they have 30 days to find another position within the company or they will be let go, with a few months of severance pay. Most of those on notice will not find new positions and will leave the company. We've heard from insiders and former employees that the target headcount reduction is about 45 percent within IBM's US infrastructure group.
On Wednesday, Alphabet, Google's parent company, reported its first-ever $100 billion quarter. Revenue rose 16 percent to $102.3 billion. Net income jumped 33 percent to $34.98 billion. Those are not the numbers of a company whose main business is being disrupted. It's more like the numbers of a company that's quietly figuring out how to change with the behavior of its users.
"Freedom encourages you to try things," Eamonn said. "I set up a company with a few other colleagues back in 1998. And then we set up a consulting company that was doing the same sort of thing we were working on, but via ourselves and for customers in Ireland. It was really good fun. Tough, but you learn a lot doing that."