📺 Stream EntrepreneurTV for Free 📺

IBM Promises to Hire Americans as Tech Executives Set to Meet Trump IBM Chief Executive Ginni Rometty is one of more than a dozen U.S. executives serving on an advisory council that Trump has formed to consult him on job creation.

By Reuters

entrepreneur daily

This story originally appeared on Reuters

Reuters | Steve Marcus
Ginni Rometty, chairman, president and CEO of IBM.

IBM Chief Executive Ginni Rometty pledged to hire and train workers in the United States as she and other technology executives prepared to meet on Wednesday with U.S. President-elect Donald Trump.

"We have thousands of open positions at any given moment, and we intend to hire about 25,000 professionals in the next four years in the United States," Rometty wrote in a USA Today piece published on Tuesday afternoon.

IBM spokesman Adam Pratt declined to say how that hiring might be offset by staff reductions or disclose how many people IBM employs in the United States.

"We expect to end 2016 with our U.S. workforce about the same size as it was at the beginning of the year. By 2020, we expect it to be larger than it is today," Pratt said.

IBM had nearly 378,000 employees at the end of 2015, according to the company's annual report.

While the firm does not break out staff numbers by country, a review of government filings suggests IBM's U.S. workforce declined in each of the five years through 2015.

In annual Department of Labor filings, IBM has reported that the active number of participants in its 401(k) pension plan fell to 84,350 last year from 110,876 in 2010.

When asked why IBM planned to increase its U.S. workforce after those job cuts, company spokesman Ian Colley said in an email that Rometty had laid out the reasons in her USA Today piece.

Her article did not acknowledge that IBM had cut its U.S. workforce, although it called on Congress to quickly update the Perkins Career and Technical Education Act that governs federal support for vocational education.

"We are hiring because the nature of work is evolving," she said. "As industries from manufacturing to agriculture are reshaped by data science and cloud computing, jobs are being created that demand new skills -- which in turn requires new approaches to education, training and recruiting."

She said IBM intended to invest $1 billion in the training and development of U.S. employees over the next four years. Pratt declined to say if that represented an increase over spending in the prior four years.

Rometty is one of more than a dozen U.S. executives serving on an advisory council that Trump has formed to consult him on job creation.

(Reporting by Jim Finkle in Boston; Additional reporting by Tim McLaughlin in Boston; Editing by Andrew Hay and Peter Cooney)

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Collaboration

You Need a Community With Shared Values to Find Long-Term Success — Here's How to Cultivate It.

Entrepreneurs need to remember this growth strategy: nurturing a purpose-driven community of like-minded entrepreneurs around them.

Growing a Business

When Your Company Hits This 'Critical Mark,' Big Investors and Private Equity Will Come Calling

Whether you're looking to sell or bring on bigger investors, this growth benchmark will get you in the room.

Franchise

I've Seen How Reckless Franchisors Can Ruin People's Lives. Here's How the Best Franchises Grow, Find the Right Franchisees, and Thrive Together

These are the four principles of what I call "Responsible Franchising." If you follow them, everyone wins — and can make a lot of money too.

Side Hustle

He Started a Salty Backyard Side Hustle That Out-Earned His Full-Time Job and Now Makes Over $1 Million a Year: 'Take the Leap'

In 2011, Kyle Needham turned his passion for oysters into a business that saw consistent monthly revenue "right away."

Money & Finance

How to Reduce Your Real Estate Insurance Costs When Rates Are Soaring Through the Roof

Effective cost-saving strategies for multi-family real estate investors.

Marketing

So, TikTok is Getting Banned. What's Next?

While the prospect of a TikTok ban poses significant challenges, it also opens doors for alternative platforms to thrive.