One thing I do expect regarding the Dec 15 401k matching date is that soon after we'll see a lot of employee departures. Almost everyone I talk to is sick of the stress and has been looking around. A few have just recently left, 401k match be damned... read more
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Topics regarding layoffs at IBM
C'mon Ginni, follow Meg's example, you can do it! https://www.wsj.com/articles/meg-whitman-to-step-down-as-hewlett-packard-enterprise-ceo-1511300946
Yet, another job that IBM grossly overcharged for and totally f*cked-up! Good job, Ginni! https://www.wsj.com/articles/auditor-slams-canadian-government-for-unacceptable-public-pay-woes-1511288420 . . . But instead of saving money, fixing the pay... read more
Hmmmmm. . .so IBM choosing to highlight the plight of 30 illegals rather than the woeful and miserable plights they've perpetrated over the decades upon the thousands of loyal American citizen IBM'ers that they've callously RA'd is not surprising... read more
And the financial engineering juggernaut rolls on. . . https://www.marketwatch.com/story/ibm-board-adds-3-billion-to-stock-buyback-program-2017-10-31-11911810
Perhaps IBM should change their business model to just fleecing state and local governments out of incentive monies. http://www.investigativepost.org/2017/11/09/is-ibm-a-buffalo-billion-boondoggle/ . . . The contracted help desk employees still count... read more
Dump it! http://247wallst.com/technology-3/2017/11/15/warren-buffett-trashes-ibm-again/ "IBM has started to look like the next General Electric Co. (NYSE: GE). It is bloated with too many divisions that underperform, and a long-time CEO in Ginni... read more
Today is my last day at IBM due to an RA .. 10 + years and I am glad to be rid of the stress and unethical behavior I have witnessed first hand .. How good is IBM about sending you your last paycheck and severance ? I signed my separation agreement... read more
It surely feels like this. The C-Level brigade knows how to divest, and that's pretty much it.
Nov 10th no notice given, at least IBM waited till the end of the day to let them know.
"IBM has struck a 'strategic partnership' with HCL Technologies that will see the latter firm take over development of its Notes, Domino, Sametime and Verse collaboration tools. IBM and India's HCL have done this before: Big Blue sent Rational and... read more
"As Iwata summarized their view: 'Culture is the No. 1 impediment … " @Ginni: And just where, pray tell, does the responsibility for creating and fostering that culture start? http://time.com/5006970/get-ready-for-the-new-disrupters/
Some progress being made. https://www.bloomberg.com/news/articles/2017-11-06/trump-s-h-1b-reform-is-to-make-life-hell-for-immigrants-and-companies
IBM Canada continues to target employees with actions ranging from new co-location demands to management 'encouraging' workers to leave on their own volition. At the heart of their problem are Canadian labor laws that require IBM to pay roughly one... read more
I'm sure Ginni has offered some sort of package deal that includes a number of employees to be included with the buildings. . . https://www.bizjournals.com/twincities/news/2017/11/03/ibm-plans-to-split-up-and-sell-giant.html
Ginni's not going to like this. . . https://www.bloomberg.com/news/articles/2017-11-02/republicans-want-to-kill-rule-that-led-to-astronomical-ceo-pay
Some IBM Executive Assistants are being flagged as “Geographically Undesirable” – options offered include moving to a “Desirable” city or joining ManPower as a non-exempt employee and work for ~$30/hour. Not sure if anyone is surprised here but a... read more
"My other problem involves its financial management. IBM is more interested in extracting profit, and maintaining its dividend, than in growing. It has been shrinking ever since Virginia Rometty became CEO in 2012. This was once a $100 billion sales... read more
It’s my understanding that the lease is up on 11/30 – this is for the office on 17th/Market – I am hearing that it’ll be closed after the lease is up.
http://www.theregister.co.uk/2017/10/26/ibm_2017_employee_engagement_pulse/ 2017 employee survey asks workers to describe IBM in three words Business Go on IBMers, tell us what you really think 2017 employee survey asks workers to describe IBM in... read more
So if you got the letter on Friday from HR. Then let me tell you your manager will lie about it to you just understand that IBM is making changes and all will become on the list. Deployment software sales is first to go.
Times must really be bad there. I quit IBM a month ago and still waiting on my payment of unused vacation. I call the employee service center but they can't help. They claim it needs to be addressed my management. First and second line management not... read more
I'm hearing rumors that IBM has now reduced the RA package to just two weeks notice and 30 days severance for everyone, not just those on a PIP. Has anyone else heard this?
Lengthy but fascinating read. Some pertinent excerpts pertaining to IBM are below the link. https://ruayres.wordpress.com/2017/07/11/secular-stagnation-or-corporate-suicide/ "Later in this paper we show that the more the company spends on buybacks... read more
The brilliant and entertaining David Stockman mentions IBM, in particular its 11% effective income tax rate (which saved IBM's 3Q report from being a complete disaster) and its huge hiring in India. https://www.youtube.com/watch?v=FsWuWcgZmEA Trump's... read more
https://www.businessreport.com/business/ibm-employment-struggles-baton-rouge State and local economic development officials were quick to defend the state’s renegotiated contract with IBM, which gives the company two additional years to reach the... read more
The latest from an IBM executive... what does that mean? oh, I know... we should start terrorizing the execs so may be they leave the company! http://fortune.com/2017/10/17/ibm-vikings-disruption-at-work/
"How did IBM 'beat' again? By once again applying a lower tax rate than a year ago: a paltry 11.0%, down from the already laughable 12.5% in Sept 30, 2016. Had IBM used even last quarter's 12.5% tax rate, it would have missed."... read more
I have spoken to a few that got the call last week. Oct 31st is their last day and 30 days severance. No ghost period .. Q3 results are not good and they are trying to avoid paying dividends. Do not be surprised if before the end of the month that... read more
Can't say anyone should be surprised. https://www.fool.com/investing/2017/10/16/another-revenue-decline-expected-for-ibm.aspx
https://www.linkedin.com/pulse/how-you-treat-your-employees-determine-fate-company-brigette-hyacinth How true is this??
"Corporations like IBM know how much states want them and their jobs, he said. The corporations are experts at using that leverage to get a good deal." Yeah. . ... read more
https://www.yahoo.com/finance/news/ibm-using-blockchain-speed-simplify-115208430.html Saw this and glance through it First thing is IBM has to team up with a startup company So much for innovation Some comments are true and funny david In other... read more
Talk about being managed out of the business. 14 years almost to the day. Mostly SWG over the years but was moved to storage two years ago. Not a shock at all , it truly was a matter of time. NO WAY to meet objectives. No need to go into all the... read more
How about layoffs in Armonk.
Distribution software sales this should be the next The BUE and the first line managers are some of the worst that IBM Have. North America distribution and software and their sales group are a waste of time and money for IBM . What are they do pretty... read more
Big layoffs today and technical software salesRumor has it that there’s a big layoff and technical software sales I hope they get rid of all the first-line managers first
Why is it that IBM loses money every quarter because they pay out more than they take in . I asked why you have first-line managers and team members that live on the West Coast but 90% of their accounts are on the East Coast ? Question why not use... read more