IBM RA tsunami to hit Eastern Europe

http://rsuibmsegrate.altervista.org/20240208.pdf

It has been officially confirmed that a Resource Action (RA) will be implemented worldwide in early 2024, which will impact Europe more significantly than in 2023.

Around 80% of the current reduction target is aimed at IBM’s Enterprise Operations & Support (EO&S) and Q2C missions, Finance & Operations including Procurement, CIO, Human Resources, Marketing & Communications and Global Real Estate. Especially our International Centers in Slovakia and Hungary are impacted.

Apart from a handful of smaller European member states, the current restructuring impacts all European countries. The IBM EWC estimates that approximately half of IBM’s global reduction target is aimed at optimising European staffing levels all over the continent.

Slovakia is targeted with the highest reduction accounting for roughly one-third of the total European reduction target. Slovakia’s International Center in Bratislava will have to absorb significant reductions of staff. The impact on Hungary’s International Centers supporting EO&S/Q2C and CIO from Budapest is significant as well, with reduction targets of almost 60% and 40% of current staffing levels respectively. IBM’s Finance mission in Sofia, Bulgaria must downsize by more than 50%.

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Numbers make a difference for the story. 60% of 25 people vs 60% of 25000 people.

@2sof+1reSc6PI
When is this happening ? >>see the attached link which has all known details:

http://rsuibmsegrate.altervista.org/20240208.pdf

"Based on the corporate announcement and additional information provided at today’s meeting, the IBM EWC concludes that the company wants this RA to be implemented in this first quarter, leaving the impacted employees only a few weeks to make up their minds. "

"How many people are we talking about? 60% doesn’t tell me much until you give perspective on size of teams."

Why would this matter to you ? The percentage will give a perspective on the realistic odds of people in these locations who will be affected.

When is this happening? How many people are we talking about? 60% doesn’t tell me much until you give perspective on size of teams.

Jim K literally said a two months ago that being more productive would not lead to job cuts (of course only his echo chamber believed him), two months later: "“We are seeing increased productivity in our business, which will lead to workforce rebalancing
fairly consistent with 2023 levels”, SVP and CFO of IBM Corporation Jim Kavanaugh"
Laughable. At the EAM all hands he stands up and tells everyone what a great job they are doing, what a great team he has, and only this team could do what they have done. It is sickening. These top guys must really live in a isolated world separate to the rest of us, filled only with sycophants who pat each other on the back and tell themselves what a great job they are doing.
Sorry to all those that will be affected.

Does anyone remember Arvind saying on one his calls a couple of years ago that there will be no more RAs? Yeh, right!

Duh...Power the People! GTFOH

Its almost as if they dont want people here anymore, and are just pretending they do, by saying they value you as an employee. Like then WTF are you laying people off then? All of it is asinine.

When will this company ever get their sales and finances healthy so they can stop doing this? My god, this has been going on for at least three decades now!

@ ymn+1reSc6PI -

nothing new indeed, same old annual culling season under the banner of “shareholder value optimisation”
correct, expectation is phase 2 will be involuntarily, end result will be the same
unionize or remain and “at will” employed corporate slave

Key phrase in paragraph 8 of the pdf: "offering voluntary packages"

This means that alot of the employees who are impacted, will have the choice if they want to accept the package and exit the company or not.

Three things to remember: (1) this is not a new policy, (2) in past job actions that were governed by the European Works Council, only a small portion of targeted employees, who had a choice, opted to take the package, (3) In the US, RA'd employees do not have a choice to opt in / opt out of a resource action.

Start of paragraph 8:
The IBM EWC was informed at the meeting that IBM aims at offering voluntary packages as much as possible to ensure that employees in scope of this Resource Action can leave the company as ambassadors.

Thanks for sharing. As in 2023, Bratislava ISC center will be hit worst.

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IBM RA tsunami to hit Eastern Europe

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