IBM's 15% Downward Adjustment

So by now many people outside of IBM have heard about the recent developments. It's true that IBM settled a lawsuit having to do with how they had classified workers who should have been eligible for overtime pay.

As reported, IBM is issuing 15% base pay cuts to around 7600 employees. Spokesmen from IBM say this is a cost neutral move since they found that most employees work at least 5 hours over time currently and this would make up for the 15% decrease. Of course they didn't use the words decrease or pay cut. This is a re-mix of the pay structure to remain competitive and is a downward adjustment. You can read more about it here. You can rest assured that as we speak they have a team of people working on plans to 'build efficiencies' into workflows and redistribute workload so that overtime pay will become extremely difficult to approve.
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