Thread regarding IBM layoffs

My coworker has been given almost six figures not to quit within the next 12 months

Is this that unusual? They must think he was about to quit. Definitely top talent, not shy to share his concerns about massive talent loss tha ibm suffers.

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Post ID: @OP+1cGUAr3t

18 replies (most recent on top)

This is total BS. Proof with business unit and reporting VP else it didn’t happen. Total troll post.

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Post ID: @3wok+1cGUAr3t

IBM offered me a $40k retention bonus several years ago, with the condition of me staying 2 years. After 12 months, I quit for a new job and they never came after the bonus. In previous years they had already given me stock, which vested and i cashed out.

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Post ID: @1bcq+1cGUAr3t

Outside of IBM, RSUs are a common component of a compensation package often given out over 4 years.
In the Bay Area, every software engineer that I know has RSUs in their offer letter, including myself (who is 55+ yo). Son’s will be worth $250k.

What does this say about IBM where only valuable workers get this? Are IBM workers without this not valuable?

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Post ID: @1fes+1cGUAr3t

When I shared my intention to retire I was offered mid-five figures in the form of restricted stock vesting over annually over four years. (I'm told that's quite a common figure to retain top talent.) When I turned that down, they offered me half of it to stay an extra six months to help with transition to my replacement. I also said no to that.

As I explained to my manager, "I'm retiring because I have enough money. What would I do with more than enough money?". It's not like $50K spread over the remainder of my retirement would be a significant change. In order for my lifestyle to be measurably different they would have to give me seven figures, and that ain't happening in anybody's wildest fantasies. (Mind you, a similar offer in my twenties or thirties, when I was barely getting by and thought I might lose the house would have been a very different story.)

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Post ID: @1hqm+1cGUAr3t

Well, tell your co-worker to watch his back when staff level and hiring are at sufficient levels. Companies do that and then later decide who is overpaid (in this case, your co-worker most likely) and then will work on terminating him once they find a replacement at lower cost.

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Post ID: @1mcp+1cGUAr3t

This is common in power where the bleed is fast, 100k for two years is common for highly skilled and can be negotiated to 100k for one year.

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Post ID: @1esl+1cGUAr3t

Had a friend get one last month (B9). He did not tell me how much it was for but said it was very large. He did tell me that if he stays 2 years he gets 1/2 of it and to get the other 1/2 he has to stay another 2 years. So 4 years in all to get it all.

I know of one other who got this (also B9) several years ago after he told them he was thinking of leaving. He said it was enough to buy a nice expensive car and that he had to stay 2 years to get it all.

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Post ID: @1wis+1cGUAr3t

This is unusual for any other year but companies like ibm can't retain anyone this year!
If that b9 is in process of leaving then they can easily get 100k baked into their compensation instead of 1 time bonus, just anywhere they goto.

The bigger issue is that if their team has already left then how hard would they have to work for 6 figures compared to just leaving

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Post ID: @cxb+1cGUAr3t

I got a retention bonus a few years ago. $20K and had to stay 2 years or pay it back. Now I feel like I got ripped.

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Post ID: @nxt+1cGUAr3t

B9 all cash, again, very qualified and prod individual. Needs to repay if leaving within next 12 months

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Post ID: @txb+1cGUAr3t

In my group they handed out bonuses in the 25-50k range. Different folks got different amounts. There was a signing requirement for the bonuses. The smaller ones required a 1 years stay, or you had to pay it back (RA inclusive) and the bigger ones had a 24 month required stay

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Post ID: @vtl+1cGUAr3t

Yeah. I know it sounds kinda 'out there,' if it never happened to you, but it's definitely a thing that happens in the corporate world.
These sorts of large retention bonuses are often given as incentives to key employees right before or after some announcement that might cause a mass exodus of talent, if that would cause disruption to business, breach of contract to customers, etc... The better the job market, or the more dire the circumstance if an individual or team leaves... the better the offers get. I had never heard of such a thing until it happened to me at another company in 2016. They were outsourcing all of their IT infrastructure people, and there were a handful of us who they knew were really key to keeping the wheels on the bus, keeping up morale, insuring a smooth transition, etc...
Mine was just under six figures but it still represented a "life changing" amount of money for me at the time. I signed without much hesitation :)

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Post ID: @fxd+1cGUAr3t

Lol these guys have never heard of a retention bonus + MBO

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Post ID: @aas+1cGUAr3t

Ok questions:

  1. Is this 6 figures entirely in ibm stock, cash or what's the breakdown?
  2. If this is in stock when does this vest?
  3. What band is this person (u can just say b9+ if you don't want to be specific) and which bu is this?
  4. How are they crucial? Are they leading some project?
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Post ID: @vdz+1cGUAr3t

Yeah, if you're not in management, you wouldn't ever know the reasons why one person is more of a 'key employee' than another. Sometimes the reasons are actually very good ones, but there are those rare occasions when it seems like it's rewarding bad behavior. (I know someone who got such a deal once, basically because he was the only one who knew the intimate details of a process, even though he had been instructed to document and cross-train for that process many times over the years.)

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Post ID: @bgw+1cGUAr3t

6 figures for 12 months? He must be saving lives. I was given 40k for 2 years, but that’s not worth staying.

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Post ID: @pdl+1cGUAr3t

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