>http://spectrum.ieee.org/view-from-the-valley/at-work/tech-careers/massive-worldwide-layoff-underway-at-ibm
>
>Apparently, 26% of their global workforce.
>
>IBM doesn't want to call them layoffs - instead, they're "Resource Actions [RAs]". According to the article that can include employees suddenly getting poor performance reviews so they get laid off, fired for cause and/or get reduced severance packages.

Nice thats its on the back of a huge pay rise for the CEO.

http://www.latimes.com/business/hiltzik/la-fi-mh-ibm-redefines-20150202-column.html

Whats that about the rich getting richer