Microsoft hasn't been the only tech company to announce job layoffs. One interesting one is IBM, who a day after announcing a 12 percent increase in earnings in the fourth quarter of 2008 over the same period in 2007, began laying off workers. No official statements have been made, but estimates are that approximately 4,000 jobs were cut.
Since then, IBM has allegedly announced "Project Match." As reported in Information Week, IBM will help workers laid off in North America obtain travel and visa assistance for positions in countries where Big Blue has openings ... that tends to be developing markets like India, China, and Brazil. Or -- as Information Week stated -- the pitch is "The climate is warm, there's no shortage of exotic food, and the cost of living is rock bottom."
Of course, the salaries for transplanted workers will be rock bottom as well.
When I first read this, I thought someone was joking.
(Isn't India the country that just announced a big accounting scandal with Satyam? Just checking ...)
This story, "Laid Off? How About Moving to India?" was originally published by Network World.