Geeeez. . . https://accelerationeconomy.com/cloud/why-ibm-selling-data-analytics-business-is-so-baffling/
After the financials have gone out, still not at mid-single digit growth without Kyndryl factors. Should we expect more cuts this quarter?
I had a big dilemma whether to go from here to a startup company and just when I thought I'd finally made up my mind about accepting the offer, I saw a post here that some people regretted it. Is it possible that in a startup, with good growth... — read more
More smoke and mirrors which the Bernstein analyst sees through. https://www.marketwatch.com/story/ibm-stock-rallies-as-results-top-street-view-amid-kyndryl-spinoff-mid-quarter-11643059127
Ummmmmm. . .???? https://www.barrons.com/articles/apple-stock-microsoft-tesla-ge-51642623641 By: Ed Lin Jan. 24, 2022 4:00 am ET The pension of International Business Machines made big changes in its stock portfolio. The IBM (IBM) Retirement Fund... — read more
Academic research and big companies like IBM “keep running the same scripts.” They need a new model. Boy... — read more
Would you quit your job if if IBM required you to go into the office full time (5 days/wk)?
What do you think results will be?
They might actually see some improvements once they're away from the clusterfuck that is IBM. I know some will probably be laid off because no acquisition is without its casualties, but those who remain are all but guaranteed to be in a better... — read more
How will sales be affected?
As someone doing a CS degree now, I seem to be the only one who doesn't want to have anything on my resume to do with "AI", blockchain, ML, NFT, chatbots, etc... all I see is overhyped product after product, one-size-fits all solutions that frustrate... — read more
I really think Watson is one of the biggest tech marketing bamboozles of the 21st century. Through Jeopardy they really had a segment of the business world and the general public convinced that they had cracked AI, but behind the scenes it was all... — read more
“It was out of the blue,” Nelson said. “They didn’t give me a good reason. . . . [But] it was very clear that they were going to let the most experienced people go, who were the highest paid people.” The reason is as stated: ... — read more
The timing could lead to confusion about the numbers for the quarter and on adjusted data for earlier periods. Could lead to confusion? Heck, that's EXACTLY how Big Bleu set it up! By: Eric J. Savitz Jan. 21, 2022 4:18 pm... — read more
Leadership used to insist on growth in the past. Are any of them interested in growth now? I doubt it.
Does anyone who has recently left IBM regret the decision to bail?
https://www.businesswire.com/news/home/20220121005144/en/Francisco-Partners-to-Acquire-IBM%E2%80%99s-Healthcare-Data-and-Analytics-Assets ARMONK, N.Y. & SAN FRANCISCO--(BUSINESS WIRE)--IBM (NYSE: IBM) and Francisco Partners, a leading global... — read more
People still come here to develop skills and then look for better opportunities elsewhere. However, I'm not quite sure how good IBM is today for developing skills because employee development is no longer a priority here. Maybe that's why the new... — read more
Judging by what others are saying, a significant number of people will be cut. Does anyone have more detailed info?
$5M? Ginni's got plenty of spare change like this from her well-earned salary as CEO. https://news.northwestern.edu/stories/2021/11/ibm-gift-ginni-rometty/
Some analysts insist, based mainly on the name, that IBM is poised to turn around. One bull at Bank of America even compared Krishna to Satya Nadella, the now- legendary CEO of Microsoft. That’s like comparing Rice basketball coach Scott Pera... — read more
I am certain IBM will have a massive "reconstruction" coming. They will probably come up with some other way to label it to confuse the enemy, but at the end of the day nothing is new under the sun. I guess we we learn more soon, and probably the... — read more
With reports of developer advocates moving to sales/incentivised positions, any other people that have been redeployed? Wonder if they will do it to marketing as well.
Bye, bye Carla. She didn't even make it one year: @OP+19e7M1GU
The synergistic additional revenue from software providers / businesses that have been lumped together over decades through mergers and aqcuisitions, and sold as a collection of loose bolts to be assembled by a bunch of expensive consultants may no... — read more
Recently heard from an IBM executive that the RA program has been stopped. No joke! Explains why there hasn’t been an RA for awhile. No other details. Not sure how future “layoffs” will be handled or if severance pay will be given. Good question... — read more
The main issue with IBM is that some people are carrying the weight while others do close to nothing. Why can’t IBM put an emphasis on performance and fire underperforming people. Reduce the deadweights at the company. Most of these people can be... — read more
IBM will continue to struggle going into 2022. Financials are strong however the outlook is disappointing. Operations across all of IBM's business units are either lively or completely stale. Risks due to disruption are already... — read more
Plenty of money for high-dollar real estate. So much for getting leaner & meaner. . . https://therealdeal.com/2022/01/13/ibm-franklin-templeton-eyeing-sl-greens-one-madison/
Starting a thread about Q4 2021 earnings... what do you think they will look like?
What will AK do now?
I feel sorry for the employees who will come here with the acquisition, and also I believe that they are not happy that IBM is acquiring them either?
I left IBM a year ago when the sales org had a massive shakeup. Trust me, it's better out there. It's not normal to have non-stop reorgs and account changes. It's not normal for your manager to change every year. It's not normal to sell only... — read more
This has been a giant waste of money, especially for newer shareholders. The firm has repurchased tens of billions of dollars of stock at higher prices than it would be able to pay... — read more
Good post: https://cushychicken.github.io/why-you-cant-hire-engineers/
Is everyone else seeing massive exits from their teams this month?