International Business Machines (IBM) has fired as many as 100,000 employees in the last few years in an effort to boost its appeal to millennials and make it appear to be as “cool” and “trendy” as Amazon and Google, according to a deposition from a former vice president in an ongoing age discrimination lawsuit. From a report: The technology company is facing several lawsuits accusing it of firing older workers, including a class-action case in Manhattan and individual civil suits filed in California, Pennsylvania and Texas last year. “We have reinvented IBM in the past five years to target higher value opportunities for our clients,” IBM said in a statement. “The company hires 50,000 employees each year.” Big Blue has struggled with almost seven straight years of shrinking revenue. In the last decade, the company has fired thousands of people in the U.S., Canada and other high-wage jurisdictions in an effort to cut costs and retool its workforce after coming late to the cloud-computing and mobile-tech revolutions. The number of IBM employees has fallen to its lowest point in six years, with 350,600 global workers at the end of 2018 — a 19% reduction since 2013.
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Source:: Slashdot