Wednesday, March 25, 2009

We made so much money last year, we can't afford you

Yes, four strong quarters in a row, and Big Blue celebrates by putting more of its US workforce out on the street. Only its US workforce. And finding new ways to do it, without paying severence or unemployment.

Palmisano made $21 million last year. Wonder if he's worried about finding health insurance, tanking his mortgage or extending his retirement date.

Welcome to Indian Business Machines.

*edit: This Reuters piece has a little more info.

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