Stephen E. Arnold: IBM Enables the Next Wave of US Job Layoffs is in Banking and Information Technology

03 Economy
Stephen E. Arnold
Stephen E. Arnold

Bank Exports IT to India

Despite falling out of interest with the mainstream media, jobs are still being outsourced to Asia.  Citizens Bank is having their current IT employees train their replacements in a “knowledge transfer” and they will be terminated come December.  . . .  Citizens Bank signed a five-year services contract with IBM for IT services.  IBM owns a large scale IT services company in India, which pays its workers a fraction of the current Citizens Bank IT workers.