I just feel even tho stocks crashed, they will just keep us lol as I don't see any layoffs happened in recent years
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I don't see how to avoid it and appease Wall Street
@dz
I am expecting, next action, is going to be, handover the Power organization to the Indians. They have been wanting to get their hand on it for quite some time. Most likely, the Indians will also acquire Storage in the process. I am also expecting the slimy Indian will lead it after he ejects from his current position at IBM. After all, he was the General manger for Power before he ascended to his current position.
Yup and it’s going to be big big touching nearly ever area
I am a band 6. I started last year. Peoud to be in F&O
Bob has slightly used cloud servers for dirt cheap.
@ay I can tell you don’t work for IBM. If you did you’d know that we haven’t been competitive in years.
Calling someone a "looter" or claiming they personally wanted layoffs to enrich themselves isn't evidence—it's an accusation.
Leading a global technology company sometimes requires decisions that have painful consequences. Reasonable people can disagree about whether those decisions were the right ones. But it's a much stronger argument to debate the decisions themselves than to invent motives and present speculation as fact.
@ay so you know Arvind personally? That he's really shaken up by every single of his rolling layoffs? Not freaking likely.
When IBM embarked on one of the biggest layoffs in IBM's history last year, did Arvind say "no! don't let those people go! cut my bonus instead!" Did he cut the bonuses for his senior staff? No, he asked for more money. He is a looter.
Arvind runs IBM like a private equity company that loots the profit and steals everything not bolted down while simultaneously laying off most of the staff. In fact, there is not a huge amount of difference between IBM and private equity; they are far more alike than different.
Unforunately a workforce reduction might happen and this weighs down difficult on Arvind and his executive team. Tough decisions might have to be made so that IBM can be positioned to remain competetive
not a layoff but a few hundred (apparently) got notice yesterday morning that some legacy cloud hosted offerings were going to be managed by a third party and that their time with IBM would be done as early as Sept 1. Offer with the third party (Persistent Systems) would be coming at some point.
No offer or details presented, nothing in writing, radio silence from senior management
@ab ALB super corrupt. Very little oversight and zero accountability. Also all on H1B. It should have been shuttered years ago. Just a giant cost to ibm that generates no real revenue or product value
@a9 I didn’t know anyone over 65 in Albany. Over 40 and not being a manager there was super out of ordinary too.
With the current IBM price, environment, etc - Anyone over 65 will be gone soon. They are too expensive esp if they are not meeting quotas
IBM does not lay off people.
"Layoffs" are done during a business slowdown, and typically involve a "right of return" process. You let people go according to seniority or something like that when times are tough, then you rehire them ("right of return") when business picks up again. The auto industry is like that.
What IBM does are "resource actions". Basically, they are permanently terminating employment, while avoiding all the legal and publicity issues that come with "mass firings".
This thing has been going on for so long (almost 4 decades) that it's become ingrained in the company culture. Everyone in the industry knows what's going on, and it's no longer a shock to anybody. IBM is no longer a huge force in the IT world anymore, so much of the planet has stopped caring.
Mr Gerstner had to make tough decisions. He saved IBM. Remember that
@a5 it’s cute that you think they’ll just target those folks. Plenty of us have been in this company for long enough to know that it really doesn’t matter where you fell in the rankings.
No need for a layoff. There is a huge pool of the low rated %15. They can be fired easily without paying any severance package.
We had a big layoff in December in the USA.
C'MON MAN! What rock have you been under? Look up Lou Gerstner and 150,000 IBM layoffs over 18 months in 93-94. IBM layoffs? 7x24x365. They are so cheap they do not call them layoffs to avoid severance etc. PIPs and mental abuse do the job forcing out thousands of IBM people every month.
Yup coming - largest ones ever