Internal messaging and communication is all about low margin and declining side of GTS spin off but on the cloud and AI side, it’s the same. GTS is still a big revenue engine with so many big contracts and customers. Anyone sees the positive side of... — read more
Topics regarding layoffs at IBM
Systems or some portion thereof, is next. https://insidehpc.com/2020/10/where-have-you-gone-ibm/
4. If IBM needed to spin out managed-services infrastructure, why does it need to keep Systems? Systems or some portion thereof, is next to get spun-off or... — read more
I'm about to be terminated from IBM. I'll get 1 month severance & benefits (gee thanks). If I start a new job during that month, do I still get the severance?
As a GTS emplyee I am considering leaving asap as I can hardly see anything good out of this for NewCo. Question for other GTS emplyees, what is your take on current sitation? Update the CV and get out ASAP?
When one looks at this spinoff of NewCo in a little depth, one has to wonder how the heck NewCo will survive and thrive. Most spinoffs, think Delphi Auto Parts from GM, had an independent business that could continue to supply the mother company... — read more
I moved from GTS to GBS recently, and I don't see any real difference between the 2 divisions. Both basically manage client's IT. GBS claims to be more about cloud, but supporting a client's AWS, AZURE, and other cloud services is the same thing as... — read more
Position Not Open - Watson, please create a job role and advertise!
Dear friend, your pal Deep Throat here. The REAL reason for the spin-off is below: I know you are wondering about any insight I may have into the recent shenanigans going on in IBM, in particular with regards this new company imaginatively called... — read more
I just read an interesting comparison of IBM today and the situation Microsoft was in 10 years ago when they opted for a public cloud strategy. I hope that we will see a similar success in the future. Here is an article with the comparison:... — read more
GTS has many that work as contractors. Anyone have any idea if cuts to contractors is likely as NewCo comes online? Any feel for how many?
Good news for Big Blue's market cap, not so much for its workers https://www.theregister.com/2020/10/14/ibm_newco_spinof?fbclid=IwAR0URnWEi7rEz_8mGbZ-gyPGlZAEyWfGbUPm_kHxT7zyIqkpli0hBA1AjPw
3. Follow the parent company’s money. Parent companies often retain a large stake in the firms they spin off. If a parent company holds onto its spinoff’s stock, it likely has a high degree of confidence in the spinoff’s future... — read more
If 60 days is when the execs decide who is going to newco - will we find out then? Or will we be told 6 months (or less) prior to the move date ?
It appears that IBM mostly gave up on developing technology in-house and turned to the financial engineering business model in the early 2000's, maybe even earlier. IBM became the Department Store of the tech industry. As quoted below, IBM just was... — read more
A little bit of insight into the possible impact of the split on Rochester. https://www.postbulletin.com/business/technology/6714945-When-IBM-splits-in-two-where-will-Rochester-land The venerable 109-year-old technology giant IBM will be split... — read more
"Don't worry about it. Everything's fine. Continue to work as if nothing is happening you mindless IBM drones."
https://www.cnbc.com/2014/10/22/very-little-content-is-created-in-us-without-first-talking-to-netflix-investor-mark-cuban.html Mark Cuban basically says what everybody outside of IBM already knows. And, this is from 6 years ago.
Back in May of this year (2020) I was RA'ed (IBM jargon for laid off) with a 30/90 (30 days till termination with 90 day severance). This meant that June 30th would have been my last day. I was on the GTS side of IBM. Then less than 1 week... — read more
It has not been decided yet whether Rochester will remain with IBM. As someone who used to work there, I would love to see this place intact and under IBM’s umbrella. Is there any chance for them to keep the current teams here? Uncertainty creates... — read more
The Register: '20,000-plus staff' could face the chop in spin-off of IBM's IT outsourcing biz, says Wall Street analyst. https://go.theregister.com/feed/www.theregister.com/2020/10/14/ibm_newco_spinof/
From what I gather, IBM's "hybrid cloud" strategy is to convert (deploy) all software they're selling into RH openshift containers and sell them to clients by marketing it as applications that can transfer data to/from mainframes to public... — read more
Maybe IBM will transfer all the debts to the NewCo and then NewCo will file for Chalter 11?
A friend of mine was put on a PIP a couple of weeks ago. Even if we put aside the fact that he is one of the best and most valuable employees here, it still remains that they're putting people on a PIP in the middle of a pandemic. Are no allowances... — read more
Shedding GTS may eliminate a distraction, but it's just one step toward the transformation it is seeking. More activity yet to come: spin-off, RA's, divestitures... — read more
I am an ex employee that worked for IBM for over 30 years. Will my IBM pension be affected with the detachment?
Probably what IBM should've done if they were really interested in focusing on the Cloud. https://build5nines.com/ibm-should-spinoff-cloud-as-separate-business-named-red-hat-cloud/
How important is a PMP certification if you are moving to a manager role and above in Consulting? Is it really a big deal for employers? I feel you pick up a lot with experience and it doesn't add any more value than a tag.
Boyar Research, in a study last year of 246 spinoffs, found that in most cases the outcome was disappointing. Such companies generally did well in their first year, the New York investment research firm said, but after five years, just over... — read more
While IBM does not disclose the India headcount, it is estimated that the country accounts for about a third of its global workforce of over 350,000. 350K/3 = 116,667. 116,667/4 = 29,167. So if 90K heads will be moving over to NewCo as has... — read more
NewCo is actually the biggest resource action in the history of IBM. Nearly 90K employees are being “removed” from IBM’s payroll and fenced in a new company. Reasons why I’m currently sceptical on this announcement: NewCo will hold most of... — read more
An endless parade of weak executives and management teams has led IBM off the cliff. Now everyone is saying IBM was destined to become a smaller company. This is loser-speak. IBM was betrayed by a bunch of spineless, useless, worthless, business... — read more
“We are only 20 to 25 percent of our way into the cloud journey. We are only 4 percent of the way into the AI journey,” Mr. Krishna said. No, sorry AK, IBM is already at the end of its cloud... — read more
Layoffs, Consolidations & Charges It is too soon to know what actions IBM will formally endure during this process. The press release noted that IBM will take action to simplify and optimize its operating model for speed and growth. ... — read more