"Amzn is now paying 500k for 5-8 yoe"
Hard to believe Amazon is paying 500K a year. How much is base pay vs stock/bonus?
The problem these days at IBM is that there is no RSU, no bonus and no GDP anymore.
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our BU's attrition rate is allegedly only 1% higher than IBM's
That statement could be very true ... if all of IBM has a high attrition rate.
Are those Watson Health management layer departures voluntary or involuntary? Likely they don't count into attrition when they were terminated employees. Some other BUs' management disappeared without announcements.
It was announced during an Slack AMA session with the Watson Health GM, that our BU's attrition rate is allegedly only 1% higher than IBM's. I don't believe it given the number of exec and middle manager departures we had in the second half of this year. I wonder what date parameters they used to only arrive at that paltry number.
You might be good with 190 in ATL, but believe me you can easily get a remote work job for another company for 50+% more.
@9cek is not kidding.
Amazon compensation for IBM equivalent of band 9/10:
https://www.levels.fyi/company/Amazon/salaries/Software-Engineer/Principal-SDE/
Working in IBM is like living in Afghanistan. You may be a tech genius, a super hard-worker and a top producer but you can't go far if the country you live in is itself circling the drain. No wonder people are desperate to find a set of airplane wheels to grab on to so they can get the eff out of IBM.
Lol 190k. Amzn is now paying 500k for 5-8 yoe. Not even kidding.
Ibm is DONE.
IBM will have a very difficult time going after other competitors for hiring away talent. TX is a right to work state, and non-competes are essentially worthless. Austin’s future lies in performance. AI and Power ISV SW tailored to performance is all that will remain standing. That means a very large downsizing for Austin as Intel (LINUX) will take 80-85% of the market including 80-85% of the Unix install base. IBM is encouraging this behavior as it pushes Its Redhat strategy. Modernize your UNIX via moving to Redhat LINUX. It’s not pretty, but it is the AK strategy
Ibm is legally going after companies
IBM still acts like an 800lb gorilla even though the companies in question are technologically successful, and whose market caps are larger than IBM.
I stay because I decided to start a family during COVID right after they promoted me. Lost external offer if not would have left. Chill group and plenty of time for other activities. No career growth but I am building my report externally
Here in Austin, Ibm is legally going after companies because employees are leaving at a fast rate vs trying to create an environment where they want to stay, 2022 will be interesting year for Ibm Austin
$190K is not much at all for someone with 25 years experience and frankly you should be at a higher band than a 9 after 25 years. In GBS we have B9s who are 8-9 years out of school and making >$200K leaving IBM because they can make a lot more than that at FAANG.
Let see... I am band 9, 190K, in IBM Software, Atlanta GA. 25 years with IBM.
What's yours?
Everybody should tell their salary... should we start a spreadsheet like at Google?
Dear boomer, us kidz are staying and taking your jobs. And fyi, we are getting paid more than you with 1/4 your experience. The joke is on you. I know this because I talked to one on my team who is close to retirement and divulged his salary.
Haven't you seen the news? Everyone is shuffling jobs these days. Ibm is no exception. Supply & Demand.
Au contraire. None of the young punks have left including yourself.
The kids here are constantly complaining about boomers salaries.
Don't get mad at boomers because you agreed to work for peanuts.
You have BDS (boomer derangement syndrome)
Agile much? It shows
The older folks are coasting... no reason to go somewhere else until we get a severance package. And then, we the older folks are paid really well. To be frank I could only make a little more going to work at AWS, Google or MS... for that chump change it is not worth the trouble.
But glad to hear the young IBM people are leaving... that may be keeping me here a little longer!!
In the sales org, absolutely. Especially the young people who can work for AWS, GCP, Azure for a 50% pay increase. I recently left and I think every week I got a farewell email. The sales organization is dying and the only people staying are the older folks.
Bruh why do you think those "BIG" layoffs hasn't happened yet?
We lost a lot when people would not relocate to ghetto central USA.
No backfilling yet
I quit earlier this year because I was turning 40 and didn’t see a long term future at IBM. If you have to keep doing this for another 20 years, it’s really tough to see a path at IBM. My logic was that the longer I stayed, the worse off I would be in the end when I had to look at 45-50. Everyone should do what’s best for them, but in my case it was reluctantly to leave before I was stuck around turning off the lights
I quit last month so I don’t know.
were seeing a ton of people under 40 leave. not sure if ibm even cares tho
In new IBM, “infrastructure” is the weak sister IBM only wants approx 1/2 of infrastructure
Now that Dec 15 has come and gone (401K match), I am about to tend my resignation and go work for myself doing IT contracting work. Already have couple clients lined up. So long IBM!
In Expert Labs, we are continuing to see people leaving. The VP is keeping track of what he calls 'regretted attrition'!!! What a joke!!
The bottom line is that even at the VP level they have no idea what is coming in the first quarter of 2022... more layoffs, and Expert Labs will be impacted like any other groups in IBM. Heads up folks!
No. Im in consulting and we’re not seeing anything other than usual levels of attrition, which is lower than the competitor market. We’re hiring a lot from the competition too.
2 people left in the last year. We just hired 2 people. Pretty normal for our group.
This is exactly what happens when you have 1970s style of management and industry bottom pay scale.
ive left
@okl+1ek4wNFo Yeah.... I have had to deal with that very question. I'm relatively old and a lot of "kids" I know worked for startups that for one reason or another didn't succeed. Those "kids" get welcomed with open arms. "You did some great, cool stuff! Too bad about the money for the business." To me, I get treated more like "you've been at IBM for more that 12 years. You know that they can't write software to save their lives, right? So...explain." Other than "I'm an id--t" there is nothing to explain.
No. Most of the people in my units have nothing to offer, so they stay.
The IT market have never been so hot so I am not surprised. Having IBM on your resume/CV for the last 5-10 years isn't ideal because it shows you have 'happily' work for a company in terminal decline.