Thread regarding IBM layoffs

Did Toronto Get Hit?

by
| 4643 views | | 25 replies (last May 18, 2023)
Post ID: @OP+1mmTzru3

25 replies (most recent on top)

What about end of may rumor for toronto?

by
|
Post ID: @kqjq+1mmTzru3

No Cup for any Canadian teams! They can tour a toilet bowl instead. Hee hee

by
|
Post ID: @hxwc+1mmTzru3

They will NEVER win a cup. Hahahaaa

by
|
Post ID: @fyul+1mmTzru3

The fat lady is cued up The Leafs are toast LOL

by
|
Post ID: @avhc+1mmTzru3

Get the brooms out Leafs are blowing hard

by
|
Post ID: @7ten+1mmTzru3

Cognos is a business that despite all the mismanagement still makes 500 million a year with less than 400 employees (and shrinking) . Yes IBM ruined it (it was a 1.5 billion business when acquired). IBM will milk it until it makes 100million with 50 ppl, and then sell it.

by
|
Post ID: @7kbf+1mmTzru3

They cleaned out Cognos 10 years ago after acquisition and another local biz called Shopify scooped a bunch of the affected folks up right in the parking lot at Riverside drive.

by
|
Post ID: @5gjf+1mmTzru3

'Why business analytics?' I mean, do you ever hear anyone talking about Cognos, let alone buying it?

by
|
Post ID: @5waj+1mmTzru3

@fhb - why business analytics Ottawa?

by
|
Post ID: @5hak+1mmTzru3

correction. Edmonton is most certainly in the next round. Humble apologies.

by
|
Post ID: @3ztk+1mmTzru3

@3dac+1mmTzru3 could not be more correct. Two to five years to prove that you are not a complete deadbeat in Toronto and Intel and Qualcomm and Amazon (you don't have to move from your house ... same horrible but manageable commute) are waiting for you. MSFT offers work from home and they are waiting for you. Google is just down the road in KW and they have a bus service (horrible hours) and are also waiting for you. (Or you could relocate. You will save money in KW.) In all of those cases, you are working on more exciting stuff for a LOT more money. Also, they all hand out annual bonuses. No, I mean actual bonuses....not the song and dance about how little the money is and how it has to be split so many ways. And how we all have to get along. They just spend more on bonuses.
And I have not even started on the hundreds of startups here in the GTA. We have one hater here on this thread who calls the "Leafs" the "Leads." That fool is dead wrong in many ways. Within a 10 km radius of where the Leafs "make my dreams come true" (a reference to their goal song) are more startups with more potential doing better research (and building better CVs) than you can possibly get at "the mother corporation." A lot of these companies will fail because that is how it is with startups. But the excitement is worth gold and what it does to your CV is also worth gold. Here is a hint: IBM AI is based on winning a game show not owing the world and some of these startups have never heard of Alex Trebek. (Another great Canadian.) But, they do plan to own the world.
For the Canadians not in the GTA, I apologize for the local booster-ism. A lot of what I said applies to Vancouver, Edmonton and Calgary (except for the bit about being in the next round of the NHL playoffs.) The "kids" and research coming out of UBC, UofA, UofC, SFU are/is second to none and IBM will fritter it away and the "kids" we do hire will be gone soon enough. I could keep going east and the same story holds. We can get new folks from Mac and Waterloo and UofT and Manitoba and Queens and ... But we will lose them soon enough.
Going back to the original point...no way we can keep quality new hires.

by
|
Post ID: @3gua+1mmTzru3

Not sure what area you're in, but I barely know any IBMers in Canada who weren't there in 2015. It's the new hires that keep leaving.

by
|
Post ID: @3dac+1mmTzru3

Oh don't you worry ... canada has not been and is not immune to layoffs. There are a small fraction of the canadian ibmers there were say in 2015. They've been systematically laying off Canadians since 2017 and probably long before.

by
|
Post ID: @3bpe+1mmTzru3

And you wonder why the US took the majority of the recent RA’s vs Europe or Canada? It’s all about cost control

by
|
Post ID: @3bkd+1mmTzru3

Reply to 3GBO: how severance works is quite strange in Canada. If you go by the letter of the law you get very little, maxing out at something like 6 months even if you've been with your employer for decades. However, if you hire a lawyer, you can make a case based on precedent in your province, and get a much bigger severance simply based on what has been awarded in past cases, which is typically one month per year of service up to a maximum of 24 months.

by
|
Post ID: @3fxm+1mmTzru3

Is the CDN severance fair? Standard?

by
|
Post ID: @3gbo+1mmTzru3

Leads will get swept in rd2

by
|
Post ID: @2nxw+1mmTzru3

St John's is closing

by
|
Post ID: @1mll+1mmTzru3

Was told Service reps and ca’s are getting hit in Canada. I don’t know of any yet.

by
|
Post ID: @vej+1mmTzru3

Business analytics in Ottawa hit. 20-40 people is rumor

by
|
Post ID: @fhb+1mmTzru3

What BU’s ?

by
|
Post ID: @oyd+1mmTzru3

Canada got hit today, yes.

by
|
Post ID: @qxa+1mmTzru3

They will choke

by
|
Post ID: @kim+1mmTzru3

Leafs lost, typical gut check

by
|
Post ID: @kiv+1mmTzru3

No, there are no meteorites raining on Toronto

by
|
Post ID: @vcp+1mmTzru3

Post a reply

: