Earlier in the article: "“We have reinvented IBM in the past five years to target higher value opportunities for our clients,” IBM said in a statement. “The company hires 50,000 employees each year.”"
"In a deposition in one of the civil cases, Alan Wild, former vice president of human resources, said IBM had “laid off 50,000 to 100,000 employees in just the last several years,” according to a court document filed Tuesday in Texas.IBM Fired as Many as 100,000 in Recent Years, Lawsuit Shows | Bloomberg
In his deposition, Wild said 108-year-old IBM faced talent recruitment problems and determined one way to show millennials that IBM was not “an old fuddy duddy organization” was to make itself appear “as [a] cool, trendy organization” like Alphabet Inc.’s Google and Amazon.com Inc., according to the document. To do that, IBM set out to slough off large portions of its older workforce using rolling layoffs over the course of several years, according to court documents."