It’s been confirmed that there’s a third redundancy consultation going on in UK where NONE of the staff have any terms in their contracts of employment that entitle them to a defined redundancy payment. It’s also been confirmed they’re to receive a... — read more
Topics regarding layoffs at IBM
Hey people..... why not volunteer for a statutory minimum payoff rather than wait to see if we push you? https://www.theregister.co.uk/2020/03/27/ibm_redundancies_offer_extended/ Demonstrates perfectly the collective intelligence and spineless... — read more
They paid 34 billion for it. You are now watching IBM implement that new talent into IBM. As that new talent comes on board, the old IBM will be downsized. That’s the plan, and it’s being ruthlessly executed.
No reason given. No revised date given. Just a reprieve for now for anyone who was on the list, which is a good thing given the instability of the economy right now. Guessing it will come back into play at some point but no idea when.
A 90/30 package gives them to 3/31 to take the charge this Q and have last day be last day of 2q. Typically announcements have been made on Thu so could be 3/26. Of course there was also spec of a 30/90 so could be anytime but sounds soon.
IBM and White House to deploy supercomputer power to fight coronavirus outbreak https://www.cnbc.com/2020/03/22/ibm-and-white-house-to-deploy-supercomputers-to-fight-coronavirus.html IBM is partnering with the White House to make... — read more
For those sheltering in place, a depressing video from 2 weeks ago of almost 40 minutes in length analyzing where each of the past three regimes failed versus where they succeeded [Spoiler alert: the failures far outweigh the successes] starting... — read more
Reliable source says GTS US will be hit hard on the RA which is about to hit. Lists were already submitted. Date keeps getting pushed back - I'm sure leadership is going to play up having to do this because of COVID-19 but this was in the works... — read more
Historically IBM has been above it all when something like this happens. Yes it takes a hit but is able to manage it very well. In this case, IBM has been hemorrhaging for a very long time now. It is totally unprepared to deal with this, as is most... — read more
The whole world has gone mad. https://www.theguardian.com/politics/2020/mar/19/uk-must-spend-extra-22bn-to-help-workers-facing-lay-offs-urges-thinktank
Projects are wrapping up, no new projects starting. The bench is filling fast. I'd say they'll start to RA in about week or two. I have no insider info, I am merely observing what's happening... I've survived, 2001 and 2008 - this time is... — read more
BIG RA coming at end of March with people’s last day being end of June. 20% of Global Markets being let go. This one is big enough that it will hit the news. Lists have been submitted... Source:... — read more
Should we ask for ours or just assume that it's coming? https://www.cnn.com/2020/03/17/tech/facebook-coronavirus-1000-dollars-employees/index.html
It's coming. . . https://www.facebook.com/alliancemember/posts/1633476060123705
"The axe prepares to fall on Global Tech Services staffers, including former Lloyds and Vodafone peeps that TUPED... — read more
We bought an ungodly amount of stock over last several years. Can we sell that now and use it to help the employee?
The only regions where RAs are hitting right now is Europe, because IBM finally got approvals from the works councils to let go of people. In the US and Canada, there is already nobody left except for executives. So there is nobody left to RA... — read more
Stock is sure to drop below $100 before this corona virus stuff is all said and done. At that point, some company(ies) or activist investor group will surely look to buy the whole kit and caboodle. https://www.marketwatch.com/investing/stock/ibm
Is anyone using the fantastic Watson platform to research the Coronavirus?
So Google is not going to deliver on the covid website as stated. What a great opportunity to spin up a design thinking workshop and get the garage teams to push out some cloud packs on IBM cloud and deliver this application. There was a time when... — read more
Yup this worthless place RAd me this month. Picked up by another company that is actually growing and not sinking like this ship. I get to double dip thanks to this POS. 2025 IBM will be so far removed from The cloud that it will never recover or... — read more
Is anyone asking Ginni to take a pay cut? https://www.facebook.com/alliancemember/posts/1629962917141686
Just need to replace "AT&T" with "IBM. https://www.foxnews.com/media/tucker-carlson-tonight-investigates-att-outsourcing-jobs
Corona Virus wil be IBM’s free ticket to reduce staff aggressively within a couple months. As market uncertainty is causing clients to put project on hold, financial impact can (will) be huge. This will trigger yet again mass lay-off’s in all... — read more
IBM sues Airbnb for patent infringement Mar. 11, 2020 4:37 PM ETIBMBy: Brandy Betz, SA News IBM (NYSE:IBM) is suing Airbnb (AIRB) for infringing on four patents related to e-commerce. The tech giant says "enough is enough" after six years... — read more
Hmmmmmm. . . Now I wonder why Big Blew would be leasing a bunch of empty space at a location in India? https://www.business-standard.com/article/companies/ibm-to-cognizant-global-tech-firms-ink-large-leasing-deals-in-bengaluru-120031000819_1.html
It's a win-win for execs. They get paid millions no matter which direction the stock goes... IBM SAYS CEO VIRGINIA ROMETTY’S FY 2019 TOTAL COMPENSATION WAS $20.2 MILLION VERSUS $17.6 MILLION IN FY 2018 - SEC FILING IBM SAYS CFO JAMES... — read more
AWS had the lunch, then they had dinner, slept, had breakfast, lunch and dinner the next day and for many, many days afterwards. Then, Ginni Rometty sometime very, very much later, thought maybe she might take a look at the "cloud" thing. Late to... — read more
Just more smoke and mirrors and creative bucketizing & the analysts are wising-up to it. https://www.bloomberg.com/news/articles/2020-03-10/ibm-says-it-s-no-3-in-cloud-revenue-analysts-stick-to-google
Honeywell also announced that it has the world’s fastest quantum computer, with a quantum volume of “at least 64, twice that of the next alternative in the industry. IBM looks to be the second fastest with a quantum volume of 32. Big Blew... — read more
"IBM Switzerland is planning job cuts at its divisions Global Technology Service (GTS) and Global Business Service (GBS) divisions" https://www.telecompaper.com/news/ibm-switzerland-planning-job-cuts-report–1329635
They will do bench management instead. In the UK, there will be >100 people let go at end of April. The consultation period starts next week. In other countries, there’s barely anyone left locally in GBS other than in Germany and they can’t... — read more
HI - Anyone have a rough estimate for this month and Q2? $30 Million? Perhaps this will enable them to defer expected layoffs a bit longer?