It's that time again, folks! One week before 4Q18 Results announce, so lock-in your answers now! I'll start: miss.
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Topics regarding layoffs at IBM
In 2015, Modernizing Medicine received an investment from IBM, part of a $20 million financing round. Not sure if IBM still owns this building, but if so, then Modernizing Medicine is essentially paying the rent for awhile with Big Bleu's money?... read more
Seems the 4Q18 clamp-down on travel has just carried-over into 1Q19, as just received word of this in Systems group. Don't know how widespread. Guessing 4Q18 results are not looking too rosy. . .
Clearly, options traders are pricing in a big move for IBM shares, but what is the fundamental picture for the company? Yeah, a big downward move. https://www.zacks.com/stock/news/346686/are-options-traders-betting-on-a-big-move-in-ibm-stock
The Handelsblatt daily cited an internal memo which said 400 employees in six countries would switch to IBM in May. Sacrificial lambs to be RA'd within a year or so of the acquisition closing. For recent evidence, just ask the Verizon folks that were... read more
My team was just asked last week to fill in a matrix of our skills and what were working on with timeframes. Now sometimes these requests can be data gathering for a big bid, but I know it’s not for a big bid this time as I know of several other... read more
When can we expect next round of layoffs? It is more and more obvious each day that anybody in their late forties or early fifties and up has no future at IBM. This leadership will stop at nothing to get rid of us, it seems. And unfortunately, they... read more
It’s obvious from the posting here the vast majority of the comments here are from one person....check writing style. Can you please stop?, you’re ruining the forum and making it look like your column. I’m definitely not sticking up for IBM, but get... read more
From Bloomberg today: "International Business Machines Corp. managers discussed ways to make the company’s workforce younger and move jobs overseas, according to a presentation filed in court recently."... read more
You say IBM overpaid, And I agree with you. BUT what was the alternative??? IBM had to get back into the game of cloud, and the only way to do that was buy Redhat or Hortenworks. They were the only 2 open source players left standing. (both have... read more
Of course, this title is metaphorical, but it paints a good picture of IBM’s journey from a conservative corporation to a corporation that cashes out the biggest amount for a tech company in history, for a company that is based on open source... read more
https://www.computing.co.uk/ctg/news/3068859/ibm-to-be-gone-from-aecom-by-spring-says-insider A depressingly familiar story that could be from any one of IBM's outsourced clients. No doubt the loss of this account increases the chance of more... read more
https://www.dailymail.co.uk/news/article-6562823/Former-IBM-employee-57-accuses-company-firing-age-discrimination.html A former IBM employee is suing the IT company, alleging she was fired because of age discrimination. Terry Keebaugh, 57, was fired... read more
Last night I saw an IBM commercial claiming that Watson can improve call center efficiency. I guess diagnosing cancer is too hard. Then I saw a commercial where IBM Cloud can do something, I don't know what, with racing cars? IT looks like IBM... read more
I really don’t know how this lawsuit is going to end, and I understand that the use of consumer data is a sensitive area, but I recognize IBM’s sneaky practices of saying one thing and doing another. When will they learn that things like this can... read more
I can't fathom how they can change the severance pay. When I was absorbed by IBM, we were sold on the company culture and being true blue etc. Part of the reason I didn't jump ship was that they had specific benefits at the time. I never imagined a... read more
https://www.businessinsider.com/ibm-sells-mortgage-services-product-seterus-2019-1 IBM sold its Seterus mortgage-services business to Mr. Cooper Group, the companies announced Friday. The terms of the deal weren't disclosed, though IBM said Seterus... read more
This has IBM written all over it. A new data analysis by ProPublica and the Urban Institute shows more than half of older U.S. workers are pushed out of longtime jobs before they choose to retire, suffering financial damage that is often... read more
I see that IBM is trying to aggressively push their planes regarding the application of AI in the sector of marketing into the media. Maybe in terms of publicity, after the Watson disaster in cancer treatment, the smart thing to do was to switch the... read more
According to the lawsuit filed by the government, the Weather Company, the business behind the app, deceptively collected, shared and profited from the location information of millions of American consumers. The app unfairly manipulated users into... read more
IBM selling its Seterus platform... this is more evidence that the company is cleaning up shop to divest one or more divisions to pay for the Red Hat acquisition... read more
My husband left a good job with Philips in 2016 to join Watson Health. Should we be worried about layoffs this quarter?
IBM is very concerned as to how 4th Q and full year results will be received. If results come in “light” look for an announcement “sooner” as the board and management can’t take the inspection anymore (they are out of excuses and runway). The much... read more
https://www.cnbc.com/2018/12/11/investors-should-be-furious-3-stock-buybacks-that-went-horribly-wrong.html If IBM senior management's lack of vision is not enough, according to CNBC, their bad timing puts them in the bottom 4. We have watched the... read more
https://www.facebook.com/IBMwatchdog/posts/292909338236928 "In a story this year, ProPublica described how IBM has forced out more than 20,000 U.S. workers aged 40 and over in just the past five years..."
In the mid 90's IBM and Sears sold their interests to this group for $200 million. It was estimated that IBM and Sears had invested more than $1 billion in the service since its founding. It's a shame someone at Prodigy did not have the foresight... read more
It starts with a trickle. . . https://www.wsj.com/articles/former-amex-boss-chenault-leaving-ibm-p-g-boards-11545953913 Kenneth Chenault, the former chairman and chief executive of American Express Co. AXP 0.90% , is stepping down next year from his... read more
https://blogs.lawyers.com/attorney/discrimination/ibm-age-discrimination-52401/ "However, a spokesman for IBM claims that the layoffs over the years have nothing to do with age, but rather an attempt to acquire an updated skill set, which is not... read more
And it begins! https://www.bizjournals.com/triangle/news/2018/12/18/shareholder-files-suit-over-ibm-red-hat-deal.html Nearly two months after IBM announced plans to buy Raleigh-based Red Hat, at least one shareholder complaint over the deal has been... read more
We wanted to Ginni to do better. Such promise in 2012 - along with hope for some real humanity in the nasty world of IBM senior management. The reality has been so different. Twenty two consecutive quarters of declining top-line revenue. $106 billion... read more
It’s all about the cash flow!!! Wall Street has voted thumbs down on Ginni’s public plan so far. That doesn't Mean they don't Think it will succeed, BUT they think Ginni and the current management team will not pull it off. Wall Street is putting... read more
Merry Christmas! https://www.barrons.com/articles/ibms-debt-and-deal-make-stock-a-big-loser-again-51545652800 Big Blue’s shareholders are getting used to seeing red. International Business Machine (IBM) stock has posted the third biggest decline in... read more
I swear that not one month goes by that I don’t run into an article on the new implementation of IBM’s AI. This time it covers the announced implementation in marketing. I generally don't have anything against the implementation of AI in various... read more
An employee with the wisdom of a 50 year old, the experience of a 40 year old, the drive of a 30 year old, and the pay scale of a 20 year old. It's painful accurate this is. Companies like IBM would really like to have all of that in one person but... read more