Thread regarding IBM layoffs

Many RA'ed in the last few weeks in Consulting in the US

Dozens were laid off in the last 3-4 weeks. Partners and associate partners in Consulting. The next round of RA is expected in the second week of April. Severance was about 3 months for those less than 5 years tenure. A bit more for those more than 5 years.

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| 3577 views | | 25 replies (last 6 days ago)
Post ID: @OP+1rN8Ije5

25 replies (most recent on top)

Wow, when I got RA’d back in 2018 we got 1 month severance. This was with 23 years and band 9 so at least you get 3 months now

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Post ID: @cacu+1rN8Ije5

Too many Partners and associate Partners in IBM Consulting. Most of these guys are totally useless and only costing money to the company. IBM needs to fire 50% of management to start making a real profit and see its stock taking off. Not sure what the fu--ing CEO doesn't understand... he always keeps on laying off experienced highly billable people! Makes no sense!

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Post ID: @cdza+1rN8Ije5

Link to non-AMP version of article referenced here @4gpe+1rN8Ije5

Former IBM Canada worker wins six-figure payout for wrongful dismissal --
https://www.theregister.com/2023/10/25/ibm_wrongful_dismissal_canada/

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Post ID: @bivh+1rN8Ije5

OP here. Another round of large layoffs happened last week and continues this week.

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Post ID: @bpeh+1rN8Ije5

yes, 3 months severance in US, same for me and colleges ranging from 8, 12, 23, 32, 36, 34 and 43 years. Health care benefit ranged with up to 1 yr continued coverage for those with 25 yrs +. Sad day in IBM. Again axing the older, higher paid, experienced crowd delivering on targets, contributing to sales! Hiring zero-experienced back fills when possible (or pseudo possible) in countries with lower costs. Its no wonder IBM does not publish employee counts at the country level. This is not TJ Watson's IBM or America's IBM.

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Post ID: @bcwr+1rN8Ije5

I heard that major reduction coming at P & AP level. Each AP has been asked to get 100% billable role and each partner has been asked to bring new business. No internal roles for partners. Everyone is expected to sell, sell, sell.

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Post ID: @asgz+1rN8Ije5

It says - RSU documents are international, and this judgment may have repercussions in a much broader context than just Ontario - which is good news for those in the US

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Post ID: @4zgz+1rN8Ije5

This is the article — https://www.theregister.com/AMP/2023/10/25/ibm_wrongful_dismissal_canada/

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Post ID: @4gpe+1rN8Ije5

The courts have struck out the termination related language relating to the RSUs last year and they have global implications. Tell your lawyer to read or Google case law Milwid v IBM 2023 ONCA 702. He had 888 RSUs and 444 were to vest after he was terminated from IBM. He took IBM all the way to the Ontario Superior Court and won. IBM went to great lengths to fight this because of the global implications. The wording of the RSUs came down to 5 words that were ambiguous in the eyes of the court. Read Milwid’s interview with the Register.

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Post ID: @4ill+1rN8Ije5

All of the stock awards that I ever received came with paperwork laying out the terms of the awards. The terms included dates when the awards were valid and terms that must be met to receive or exercise the award. (eg employment status and effective date) If the dates and terms are met before the RA is effective, then you are in the money. If not then you can’t exercise the awards.

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Post ID: @3bqi+1rN8Ije5

Developers in U.S. got crushed, Indians not so much. Lot's of long-time developers and even some bright new ones were axed. Sh-t Indian developers? Nothing.

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Post ID: @3ckf+1rN8Ije5
Stock Awards: do they all immediately vest upon RA. Or does the RA’ed employee lose then unvested shares?

Given that this company constantly sc--ws over its employees to save fractions of a percent, what do you think the only possible answer is?

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Post ID: @3ahp+1rN8Ije5

Stock Awards: do they all immediately vest upon RA. Or does the RA’ed employee lose then unvested shares?

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Post ID: @3jgh+1rN8Ije5

Non Executive = Bands 1 - 10
Executive = Bands D, C, B, A, AA

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Post ID: @2jqw+1rN8Ije5

What distinguishes "executive" vs "non-executive"? Letter band vs number band?

In my day, a letter band losing their job was unheard of. I'm sure it happened to someone, but nobody in my circles ever heard about it.

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Post ID: @2wwp+1rN8Ije5

Confirmed. I got hit 3 weeks ago.

Band 10 AP US Consulting.

1 month notice, 3 months severance.

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Post ID: @2ugf+1rN8Ije5

In the US all non-executives get 3 months severance regardless of service whereas executives get 5 months

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Post ID: @1pcj+1rN8Ije5

@jex+1rN8Ije5: Yes, the RAs have been in the US. Yes, I could be wrong about the severance package... just reporting what I heard.

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Post ID: @hty+1rN8Ije5

Figure in the next few weeks IBM Consulting will start evicting the managers that aren't in line with the RTO rules.

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Post ID: @dzf+1rN8Ije5

Also big hit in marketing (MCC) mid-March to make room for non-native-English speaking WRITERS from India. Watch the web site and other non-advertising venues for poorly-written, nonsensical copy writing. IBM just doesn't care any more. Stock price up and dividend paid is all that matters.

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Post ID: @kxh+1rN8Ije5

Op, are you talking about the US? If so, your knowledge of the severance package is wrong.

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Post ID: @jex+1rN8Ije5

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