I'm getting tired of hearing about more people being laid off every day. It's not a lot, one here, two there... It's been going on for a while and it's making working here even more unbearable. Why not have one huge round twice a year and get it over with? At least I wouldn't have to be worried every day.
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Where to start
Too much big corporate bureaucracy.
HR has become an adversary rather than a resource to the worker bees.
The "so called lists" the employees get placed on to determine who will get the ax at the next "regularly scheduled RA,
Morale at an all time low.
Upper mgt gets $$$
Workers get nothing but anxiety & worry
So damn glad I got out of this godforsaken company, & found a better gig.
IBM will run Kyndryl as a fully owned holding company for at least 1 quarter (most likely longer) It’s the safe way to make sure all of the kinks are out of the spin-off before you issue new stock and separate. GTS was and is a Gordian knot within IBM, and spinning it off is a complex matter as a lot of folks don’t know who owns what
Kyrdryl start date is July 1. Some of us already have our new laptops.
Hey 3wrr Get a clue It's well documented in numerous publications that IBM has been circumventing reporting requirements for years Especially around age metrics And everyone (especially HR) knows that WARN has no teeth and more loopholes than a spaghetti strainer. Wake up!
Watch and learn Kyndryl will not be ready for spin-off till 4th Q
No, there are no big layoffs happening in May. It will be July, after Kendril spinoff.
"100% to skirt govt reporting regulations and requirements"
This is BS, but it gets posted all the time by people who don't understand how reporting regs work. Think about it for a moment: if it were that easy, every company would do it and the regs would be pointless.
In the US in particular, WARN looks at a rolling 90 day window. I would be stunned if European protections are less rigorous.
3nne Get ready then, because the next two weeks are going to hurt. May is scheduled to be a large RA month with a 3)/90 day package being offered. Notification in May out by end of June
You must be in C&CS. That doesn't happen in Marketing.
We called them drive by shootings, Firings without notice. Anywhere from a few here and there to several hundred people. Been happening since 1994.
If you joined IBM after 1993 you can not say this is a surprise or is something that will ever stop.
Either live with it or leave, IBM does not care.
Oh yeah, never , ever, expect your co-workers to stand up for you.
Layoffs in what part of IBM specifically? Is it Watson Health?
100% to skirt govt reporting regulations and requirements
And yet another reason to get out of a toxic environment. Take control of your destiny, rather than IBM have the control.
IBM tends to have approx 3 big layoffs per year (Feb, May, and Sept). They also have a constant churn in the background to help manipulate the quarterly earnings. The 3 biggies are to show Wall street that they are serious about facing their changing market status. Wall Street demands results, (overtly, and converted) The IBM strategy has so far satisfied Wall Street, and I don’t see it changing unless someone buys enough stock to force their hand
One huge round would attract headlines in the news. Most companies try to avoid that.