Or at least leaving. There's no future here.
AWS is negotiating a huge deal to supply IBM with Nvidia GPUs via the cloud
IBM doesn't have the clout or money to buy their own GPUs? Or is it cheaper to "partner-up" in this fashion since buying and maintaining hardware is... — read more
College Degree Informal Survey
With all the talk about employers dropping the requirement for employees to have a college degree, I am wondering about the reality. In your group, what % of employees have a college degree and what % of managers don’t have a college degree? What... — read more
Red Hat Layoffs apparently coming soon
From a post from earlier today on the RH board: @Ihlt+1uJ74o5i
"IBM announced job cuts related to AI."
That's like saying Bob divorced Alice over voices in his head. Buzzwords nonsense parroting in MSM. https://www.businessinsider.com/layoffs-sweeping-us-these-are-companies-making-cuts-2024#beyond-inc-plans-to-cut-20-of-its-workforce-1 They say... — read more
"executives at tech giant IBM told employees it was shutting its research and development operations in China"
https://www.thewirechina.com/2024/11/10/the-tipping-point-foreign-companies-china/ second-largest economy, who needs it anyway !!?
IBM Layoffs 2025
How likely is that there will be IBM layoffs? Any chatter, news or rumors?
AK also uses RTO for 'backdoor layoff'
https://www.thehindu.com/sci-tech/technology/amazon-ceo-denies-full-in-office-mandate-is-backdoor-layoff/article68835133.ece
Why isn't everybody looking for a new job?
I know I am and I know some people who are, but I also know a lot who are happy here. How? Being overworked is the norm. More responsibilities keep piling up, but pay stays the same. Once a certain pay level is reached, RAs happen, and someone... — read more
Engineering "growth" when everything is getting smaller (headcount too)
https://www.itjungle.com/2024/11/04/ibm-hikes-hardware-software-and-services-prices/
IBM next move
Let’s see if IBM has confidence in itself to do a large share buyback, it’s got the cash.
"The bean counters must be counting the days/years until the defined benefit pension plan obligations cease"
https://forums.theregister.com/forum/all/2024/10/24/ibm_q3_2024/ "The bean counters must be counting the days/years until the defined benefit pension plan obligations cease" ... — read more
The shares of the company fell from about $234 to $204 in less than a week
and the latest report reveals that debt has grown
F&O All Hands
Did anyone watch the cringe fest that was the last 6 mins of the F&O all hands call? Is this what we've come to?
By the numbers
Does anyone in this chat have actual RA and/or layoff numbers for IBM? Its kinda hard to understand the degree things are fair or bad without actual data
Next RA is going down in the US
Alvind is schmoozing with Modi in India while the next RA is going on in the US. Nothing more than the usual AI and Quantum hype about IBM from this j*rk of a CEO eagerly waiting for his January 2025 bonus. But he doesn't like any negative... — read more
Hardware maintenance business
Does anyone have any idea what AK was referring to (see below) when it comes to HW going from a head wind to flat? That infers a lot of cost take out has occurred And I know we don't talk on Infrastructure and you acknowledge the mainframe cycle... — read more
Alvind hype destroying IBM near term
I cannot believe the BoD doesn't kick Alvind out already. All his hype is blowing in their face. Just examples... remember how Alvind tooted helping Intel with fabs technology? ... — read more
AK schmoozing Modi
The message is clear for NA and EMEA employees. https://www.linkedin.com/posts/arvindkrishna_quantum-activity-7256658461172625408-l4Vf
"IBM announced job cuts related to AI."
Or, in other words, IBM had financial issues, lowered salaries, laid off many silently and then name-dropped a buzzword as the excuse du jour. https://www.businessinsider.com/big-four-consultancies-deloitte-ey-cut-staff-pwc-accenture-2024-10
"potential to benefit from generative AI" is just mindless vaporware
"IBM's shares fell about 4% in extended trading after rising more than 40% this year, as investors bet on the company's potential to benefit from generative AI through its software and consulting... — read more
How are those RBA Saving accounts worknig out for ya ??
Is IBM HR stealing the interest from them yet ?
IBM at present
IBM's Financial Engineering: Workforce Rebalancing https://www.discerningreaders.com/ibm-financial-engineering-workforce-rebalancing.html "Workforce rebalancing is an unrealized financial promise because the last of these conditions—operating at the... — read more
IBM down 6%
https://www.darientimes.com/news/world/article/stock-market-today-asian-markets-mostly-fall-19859731.php Total Debt (mrq): $60,130,000,000 https://finance.yahoo.com/quote/IBM/key-statistics/?p=IBM
Alvind squeezed 1% revenues growth YAY!
Horrible results. A pig beautified with nonsense comments of adding a $billion of AI related revenues to the "backlog" etc nonsense and saying a 2% growth in "constant currency" - yeah that's much better! In inflation adjusted $$ looks like IBM... — read more
The IBM donkey
"I'm reminded of the tale of the peasant who was trying to teach his donkey to go without food to save money. He'd almost succeeded but it died." https://forums.theregister.com/forum/all/2024/10/24/ibm_q3_2024/
IBM has not yet released data on its debt levels (around 60 billion in debt)
https://finbox.com/NYSE:IBM/explorer/total_debt
IBM's mainframe bubble bursts and growth stalls
In its last few quarterly results announcements, IBM has trumpeted unexpectedly strong growth in its mainframe business, and that's helped the technology titan to just-about deliver promised mid-single-digit revenue growth in constant currency. But... — read more
IBM stock is 'very depressed ' given growth potential and AI play
https://finance.yahoo.com/video/ibm-stock-very-depressed-given-224251293.html Sounds like Alvind is a chronic underachiever and bed-wetter...all the more reason to dump the imbecile.
IBM stock slips on disappointing consulting and infrastructure revenue
Consulting and Infrastructure have the targets on their backs. . . https://www.cnbc.com/2024/10/23/ibm-earnings-q3-2024.html
IBM Stock Falls on Mixed Results. The AI Bump Will Have to Wait.
The AI house of cards is already collapsing. Hope everyone sold their shares before this announcement. https://www.barrons.com/articles/ibm-earnings-stock-price-da520f61 IBM beat earnings estimates in its latest quarter. but its 1% revenue gain... — read more
IBM’s power strategy
https://www.itjungle.com/2024/10/23/rpg-code-assist-is-the-ki-ler-app-for-ai-enhanced-power-systems/ This sure seems to show the Enterprise strategy merging over Z and Power NOTE the AI automation also coming to the forefront (eg AI modernizing... — read more
US sales team given the boot.
Out of Sri Lanka. That doesn't bode well for the future.
New CMO = More RAs for MCC.
Outsider named today. Makes absolutely no sense. Most of top marketing leadership more than qualified but passed over. Expect both voluntary and involuntary exodus.
IBM layoffs
IBM in California. https://www.marinij.com/2024/10/21/economy-jobs-tech-layoff-intel-applovin-gigamon-san-jose-bay-area/ https://archive.is/lqoIq
IBM Hopes 'Spectacular' New NYC Office Will Entice Employees Back to Work
Dream on ! Another Watson Healthcare debacle in the making but brought to you by Alvind... — read more
Employers are dropping degree mandates but are slow to hire for skills
Focusing on skills can also be a way to keep people within an organization, not just hire them, according to Jon Lester, the vice president of HR technology, data, and AI at IBM. He told BI that nearly a decade ago, the average ... — read more
Analysts revamp IBM stock price targets ahead of earnings
Q3 results coming up this week. If the analysts are correct, then it's certainly time to sell before the smoke and mirrors are removed and the inevitable correction occurs. ... — read more
BI has just mentioned IBM layoffs
https://www.businessinsider.com/layoffs-sweeping-us-these-are-companies-making-cuts-2024