This had to be prepared over many months.
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Power hardware development was already thin and this destroyed power10
I heard GTS was 40% US based and was being reduced to 5% - that’s 1 in 8 remaining - or 87.5% gone. How big was GTS?
My entire team was let go.
I'm going to make sure I get my fill of feel good all hands meetings before 6/22. Ten+ years at IBM and never for a day did I forget I was just a widget at the company. At today, it was no different. Good timing IBM–turn out thousands (?) of your employees into the worst job market in about a century.
We had a thread on exec compensation a few days back
IBM Board Approves Exec Pay Packages
18 days ago by Anonymous | 1495 views | 3 reactions (+3/-0) | 8 replies (last 9 days ago)
Post ID: @OP+14MFBqNB
What is this new CEO's pay? Is he being paid cheaply in order to cut cost...?
This was a BIG one. No doubt about that. And probably more to come as well.
As some have pointed out - not the best introduction to this new CEO. Who, by the way, was behind a whole lot of layoffs in GTS and other areas over the years. This is his style. He doesn't care a wit about the people affected. It's getting costs down - and that is why many of the jobs are being sent "home" to India. Makes him a hero here (on Wall St) and a hero there (for adding new jobs).
And, it's just starting too