IBM sacked 100,000 older employees to appear 'cool and trendy'
IBM decided it would sack its older employees to try and look cool, trendy and attract millennial talent
Former IBM employees have sued the company in a San Francisco court, saying that in the last five years alone, the company has laid off more than 100,000 workers worldwide.
IBM is planning to hire a younger generation of workers, much like Amazon, Google and Microsoft, to appear 'cool' and appeal to millennials, the lawsuits allege. This means older people are being sacked. Alan Wild, a former chief HR officer who testified in court, said he had laid off 50,000 to 100,000 employees because of IBM's age policy. He said that in the face of finding it difficult to attract talent, the management decided to shed its image of a 'fuddy duddy' organisation by sacking thousands of older employees.
IBM said in a statement that the company hires about 50,000 people every year. But 'Big Blue' as the company is called has been facing declining revenues and difficulty in hiring new talent.
The company has denied allegations of dismissal due to age.
[Autotranslated from Tamil]