10+ years, CIO FnO, Band 9. Heard through the grapevine it's a lot of Band 10's and DE's and no management that makes the decisions. Super top heavy management who just crunch numbers and treat everyone who does the work as just another number... — read more
Quiet Layoffs at IBM
https://www.techzine.eu/news/infrastructure/124578/ibm-quietly-conducting-large-round-of-layoffs/
This makes absolutely no sense
Our team lost two people with more than two decades of experience each. That is invaluable knowledge shown the door while people who just joined literally in the past 12 months are still here. Who makes such colossally stupid decisions on who to cut?... — read more
IBM Likely Breaking Several Laws With Latest 'Secret' Mass Layoffs
http://techrights.org/n/2024/09/19/IBM_Likely_Breaking_Several_Laws_With_Latest_Secret_Mass_Layoff.shtml
Never sign an NDA, those are likely illegal anyway (recent ruling)
"'Unlike typical downsizing, this one was done in secrecy and those involved were asked to sign non-disclosure agreements (NDAs),' he said." https://gigazine.net/gsc_news/en/20240919-ibm-job-cuts/
"Life is definitely better outside of IBM."
"Attention IBM'ers! If IBM tags you for a Resource Action or layoff, do the following IMMEDIATELY... Documentation is important. Log all calls and conversations. Make PDF copies of all emails, text messages, logs, etc. and send them to your... — read more
If it really is thousands of jobs
I don’t want to be here for the aftermath. It’s going to be a sh-tshow that the remaining people will have to sort out.
CIO Managers got a new home while workers were asked to go!!
Most of my coworkers were let go recently but all the managers found a new home? How does this work?
IBM is quietly axing thousands of jobs, source says
El Reg with what appears to be the first actual media coverage -- https://www.theregister.com/2024/09/18/ibm_job_cuts/
If you’re over 40 and laid off, remember:
The EEOC found IBM GUILTY of age discrimination: https://www.documentcloud.org/documents/7206573-2020-09-02-IBM-LOD-Amended-Final-1-003.html There are many articles about this topic:... — read more
The Register now works on a story about IBM layoffs
AT LAST! "If you were affected by this round of layoffs and you'd be willing to speak to The Register, feel free to get in touch. tclaburn (at) theregister (dot) com" https://www.thelayoff.com/t/1uz6XD8C
If you have been RA'd, 12 actions to take
First, I am sorry to hear of your situation. This is probably a hard time and please know that you already on the right track by being proactive. Keep going -- action alleviates anxiety. Take control and plan your next steps. Here are some... — read more
Risensmart outplacement and career counselling ??
This is probably the worst US company to provide outplacement services for those IBM US folks who get laid off. The web site provides little or no introduction to their services, the coaches are a no-show for meetings; when they do show up they... — read more
I imagine many of you feel betrayed today
I do, for sure. I was laid off today after more than ten years of dedicated and seemingly valued work. It really stings. I know on a purely rational level that I shouldn’t care, but as most of us I do. We are human beings, and this affects our... — read more
IBM acquires Kubernetes cost optimization startup Kubecost
The money saved with the RAs will help fund more acquisitions like this one today. https://techcrunch.com/2024/09/17/ibm-acquires-kubernetes-cost-optimization-startup-kubecost/
Is there any area/unit that’s safe?
All reports point to wholesale, across the board layoffs.
Laid off today
26 yrs service, always top performer, had just informed manager was retiring at the end of the year the week before. Really happy to be out but sad they didn't have the decency to let me go end of year. Like that really saved them $. They're going to... — read more
The IBM layoffs are all over the news
Not even ONE article! http://techrights.org/i/2024/09/ibm-layoffs-nothing-happening.png
RA Today
Post your country, business unit and division here so we can measure the scope.
Previously BDM'd employees are now being reduced
Just had the convo with my manager. Worked in infrastructure/cloud.
RA in Software today
I just got hit
CIO as anticipated
2nd round is happening, unsure of scope. Cirrus cloud.
Jim Cramer Says International Business Machines Corp. (IBM) CEO Arvind Krishna Has ‘Reinvented The Company’
Does anyone believe anything Cramer says anymore? https://finance.yahoo.com/news/jim-cramer-says-international-business-094722004.html
Return to the office full time?
Amazon just announced it… https://www.cnn.com/2024/09/16/business/amazon-return-to-work/index.html When is IBM pulling the trigger?
"IBM’s closure of its R&D division in China, resulting in over 1,000 job losses is yet another indication of a broader decline in IT hardware"
https://timesofindia.indiatimes.com/education/news/massive-tech-layoffs-at-apple-dell-ibm-are-a-wake-up-call-for-it-professionals-why-upskilling-is-the-key-to-survival/articleshow/113192745.cms
Samuel J. Palmisano, talking today about the wrong "I" that's in deep trouble
https://www.digitimes.com/news/a20240912PD216/intel-ibm-ceo-samsung-manufacturing.html
IBM: The Closure of the China R&D Department is Final and Irreversible
https://pandaily.com/ibm-the-closure-of-the-china-rd-department-is-final-and-irreversible/
MSM: "Why IBM is paying $2.7 billion to this US-based insurance company"
Moving the provisional funds of past workers around to play with their money or gamble it away
Anyone add further confirmation on IBM consulting layoffs tomorrow (9/13)
Title says it all. I understand mgr training is ongoing …
IBM stock has gained 28% this year -- plenty of gas left in its tank to keep going
IBM Stock Can Keep Setting Records, Analyst Says. How High Shares Could Go. Barrons, Sept 12, 2024, 11:37 am EDT IBM stock closed at a new high Wednesday, and there’s plenty of gas left in its tank to keep going, the team at Evercore ISI... — read more
IBM to take $2.7 bln charge related to transfer of pension obligations
IBM said on Wednesday it expects a pre-tax charge of nearly $2.7 billion in the third quarter, related to a transaction involving the transfer of some of its pension plan obligations to a unit of Prudential Financial. Under the deal, nearly $6... — read more
The 100 Most Influential People in AI 2024 | TIME
Not one IBMer on the list. So much for that moonshot. https://time.com/collection/time100-ai-2024/
Where Will IBM Be in 5 Years?
Somebody's quite bullish, geeeeez. https://www.fool.com/investing/2024/09/07/where-will-ibm-be-in-5-years/
Retired from IBM but thought of rejoining
Just wanted the readers opinion. I retired from IBM a couple years ago. I was in a technical role and I was one of the top technical talents in technical sales and highly respected. Anyway I got bored being retired and still have tons of energy and I... — read more
Lavish spendings on a 16-year contract for the most expensive place while firing tens of thousands of staff
Must be good for bonuses and vanity at the C suite. https://www.commercialsearch.com/news/ibm-opens-manhattan-flagship-office/ https://www.bizjournals.com/newyork/news/2024/09/06/ibm-unveils-flagship-nyc-office.html
Looks like IBM Austin will be relocating to Meta’s old space
https://communityimpact.com/austin/north-northwest-austin/business/2024/09/05/ibm-taking-over-meta-office-space-at-the-domain-for-its-austin-employees/
What has the CIO done for IBM?
The tools they require us to use just get worse and worse. We've lost 1000s of man years of information as we moved from one Wiki/Conferencing system to another with no conversion / no training. Now we end up in Box, which is just a dumping ground... — read more
"IBM, and ByteDance are also cutting jobs, highlighting broader instability."
https://finimize.com/content/china-aims-to-balance-job-protection-and-tech-innovation