Rising labor and component costs lead to UK product and service price hike at IBM

Products and services price hikes were initiated by IBM UK in 2022 to offset rising labor and component costs, the company has said in its latest set of profit and loss accounts. Turnover for the tech biz in the calendar year rose 14.5 percent to £3.123 billion ($2.98 billion), according to a filing with Companies House. This …

[nematoad]

Well, duh!

"One of the challenges facing IBM was a spike in the cost of bringing new workers on board."

Then perhaps they shouldn't have sacked all those experienced, but older employees that they already had.

What are the top brass at IBM being paid for?

It's certainly not competence.

[elsergiovolador]

Culprits

Big Blue looks back at 2022 in Britain, one of the world's economies worst 'hit hardest' by inept and economically illiterate government.

There I fixed the title for you. Pandemic - as the name implies happened across the world and it is our poor response to blame for the effects, not the event itself.

[Lars]

Re: Culprits

And there is that word that a foreign company dear not mention.

[elsergiovolador]

Re: Culprits

IR35?

[Pascal Monett]

IBM's support contract costs

It's certainly quite cheeky for IBM to up the cost of support when they've fired all the expensive know-how in order to replace it with pimply-faced youths paid minimum wage or barely better.