IBM Considers Dumping 299,000 Employees Over Next 7 Years

When asked by a human resources publication as to how many people IBM could employ by 2017, head of the IBM Human Capital Management consultant group Tim Ringo replied: “100,000 people. I think crowd sourcing is really important, where you would have a core set of employees but the vast majority are sub-contracted out.” Crowd sourcing involves using several people working on tasks that would normally be done by a full-time employee.

Ringo further explained that IBM is considering the move, but the company “was not about to cut 299,000 jobs, as staff would be re-hired as contractors.”

Head of corporate media relations for IBM Doug Shelton said “You asked if these comments were authorized by IBM, and the answer is no.”