Magical Trade
Friday, March 24, 2023
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Magical Trade
No Result
View All Result
Home Trade News

IBM executives called older workers ‘dinobabies’ in company emails, according to age-discrimination lawsuit

by
February 16, 2022
in Trade News
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Executives at IBM
IBM,
-0.16%

referred to the company’s older workers as “dinobabies” in internal email correspondence, according to a new age-discrimination lawsuit.

These emails were submitted as evidence in an ageism case that former IBM employees have brought against the company. The lawsuit, with its origins in 2018, started after IBM eliminated jobs for more than 20,000 U.S. employees over the age of 40, representing 60% of its total job cuts in the U.S. during those years, according to ProPublica.

RELATED POSTS

Wall Street downgrades European banks and names stocks to buy ‘in case markets turn sour’

‘Can’t get their act together’: Crypto firms slam SEC, Washington for lack of clarity on rules

The executives — no longer at the company, IBM informed MarketWatch — wanted to make the dinobabies “an extinct species,” the emails read.

See: Will ‘unretirement’ solve the labor shortage?

Labor lawyer Shannon Liss-Riordan is representing hundreds of former IBM employees in the lawsuit and alleges IBM executives were aware of a “companywide plan to oust older employees in order to make room for younger employees.”

One email from a former IBM executive, whose name is redacted in the filing, referred to older employees’ perceived lack of understanding of the digital landscape as a danger for the company. “This is what must change,” the email reads, per the filing. “They really don’t understand social or engagement. Not digital natives. A real threat for us.”

IBM spokesman Chris Mumma told Insider the company has “never engaged in systemic age discrimination.” He went on to say that “IBM separated employees because of changing business conditions, not because of their age.” 

From the archives (November 2021): Older U.S. workers are ‘unretiring’

Plus (July 2021): While many are looking for work, some older workers are jumping at the chance for a new start

IBM did appear to acknowledge the authenticity of the emails, while claiming they do not represent the company’s feelings toward its workers.

“As the data clearly show, the language used does not reflect IBM practices or policies. Between 2010 and 2020, 37 percent of all U.S. hires at IBM were over the age of 40, and during that same period the company hired more than 10,000 people in the U.S. over the age of 50,” an IBM spokesperson wrote to MarketWatch in an email.

ShareTweetPin

Related Posts

Wall Street downgrades European banks and names stocks to buy ‘in case markets turn sour’

by
March 24, 2023
0

Wall Street is downgrading European banks after stresses in the sector led to the emergency merger of the two largest...

‘Can’t get their act together’: Crypto firms slam SEC, Washington for lack of clarity on rules

by
March 24, 2023
0

Crypto companies are frustrated at the U.S. government for its lack of clear rules for the industry and the Securities...

U.S. contractor killed, five service members and contractor wounded in suicide drone strike in Syria

by
March 24, 2023
0

US forces patrol near the countryside of Rumaylan (Rmeilan) in Syria's northeastern Hasakeh province near the Turkish border, on December...

India’s travel industry may not overtake China soon but there are still ‘massive’ opportunities

by
March 24, 2023
0

Crowd of travelers wait to check-in for their flight at Indira Gandhi International Airport in Delhi, India, on May 31,...

Crypto is banned in China, but Binance employees and volunteers tell people how to bypass the ban

by
March 24, 2023
0

In this article BNB.CM= Follow your favorite stocksCREATE FREE ACCOUNT Binance is the world's biggest cryptocurrency exchange, handling $490 billion...

Next Post

Dow falls nearly 300 points as investors assess geopolitical risk

Expect a return to more 'normal' investing where stock picking is rewarded, Goldman Sachs says

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Fund manager believes FAANG is dead — says now it’s all about MANTA

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Bank of America names its top global tech stocks — including one it says has upside of 100%

    0 shares
    Share 0 Tweet 0
  • Josh Brown says Nvidia’s potential is ‘scary’ ahead of a potential AI boom

    0 shares
    Share 0 Tweet 0
  • This idiot-proof portfolio has beaten traditional stocks and bonds over 50 years

    0 shares
    Share 0 Tweet 0
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.magicaltrade.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.magicaltrade.net