Don't get lulled into a false sense of security.
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Lost 2 team members in this round. CIO
Good advice here if you have been RA’d
https://www.thelayoff.com/t/1rwKCpbCI’m
Global team supporting business partner recruitment, marketing and bus development slashed. RAs hit managers and employees in Europe and US. Recent awards, accolades and exceeding revenue targets do not matter. Lower salaries and physical location seem to be favored.
I have seen no evidence of voluntary separation offers as mentioned in the media. unless moving to Romania to claim your role is voluntary.
No profit sharing tor those RAed. Saving another dime for IBM execs
Are we DONE with the RAs for this week then? Or can we expect RAs on Weds, Thurs, and Friday too?
ALSO I thought that the new model was to simply PIP folks, and move away from mass RAs. Apparently the latest model is to do BOTH!
FROM CNBC
IBM is slashing jobs in marketing and communications
Published Tue, Mar 12 20242:58 PM EDT
https://www.cnbc.com/2024/03/12/ibm-tells-employees-of-job-cuts-in-marketing-and-communications.html
Key Points
IBM on Tuesday told employees in a roughly seven-minute meeting that it’s cutting jobs in its marketing and communications division.
IBM Chief Communications Officer Jonathan Adashek led the meeting, according to a person with knowledge of the matter.
In December, IBM CEO Arvind Krishna told CNBC that the company was “massively upskilling all of our employees on AI.”
IBM on Tuesday told employees in its marketing and communications division that it’s slashing the size of its staff, according to a person with knowledge of the matter.
Jonathan Adashek, IBM’s chief communications officer, made the announcement in a roughly seven-minute meeting with staffers in the unit, said the person, who asked not to be named because the news hasn’t been made public.
In December, IBM CEO Arvind Krishna told CNBC that the company was “massively upskilling all of our employees on AI,” after it announced a plan in August to replace nearly 8,000 jobs with AI. IBM said on its earnings call in January of last year that it was cutting 3,900 positions.
“In 4Q earnings earlier this year, IBM disclosed a workforce rebalancing charge that would represent a very low single digit percentage of IBM’s global workforce, and we expect to exit 2024 at roughly the same level of employment as we entered with,” IBM told CNBC in a statement.
The latest cuts come alongside another round of downsizing in the tech industry. So far this year, some 204 tech companies have cut almost 50,000 jobs, according to the website Layoffs.fyi. January was the busiest month for layoffs since March, as Alphabet, Amazon and Unity all announced job cuts.
IBM has returned to growth in the past couple years, but expansion remains muted. Revenue in the fourth quarter increased 4% from a year earlier even as earnings topped estimates. CFO James Kavanaugh spoke of workforce rebalancing on the earnings call.
The company has been trying to fit into the emerging AI narrative, which has been the big story across tech since OpenAI released ChatGPT in late 2022. In May, IBM announced WatsonX, billed as a development studio for companies to “train, tune and deploy” machine-learning models.
The book of business for generative AI and Watsonx products doubled in size from the third quarter of 2023, when it was in the low hundreds of millions, according to IBM’s earnings call in January.
IBM faces steep competition in the enterprise AI realm. Microsoft, Google, Amazon and others have similar offerings, and IBM has long been viewed as falling behind in the AI race, particularly when it comes to making money from its products.
“I think that’s a fair criticism, that we were slow to monetize and slow to make really consumable the learnings from Watson winning Jeopardy,” Krishna told CNBC in December. “The mistake we made was that I think we went after very big, monolithic answers, which the world was not ready to absorb.”
Nearly two years ago, IBM sold its Watson Health unit for an undisclosed amount to private equity firm Francisco Partners.
Only one from my group let go today….CIO Hybrid Cloud…almost 20 years…
What about IBM Consulting? Or is that hit maybe tomorrow or Thursday?
Friend just got laid off with 11 members of his team in Raleigh.
SPREAD THE WORD about this website to your fallen comrades.
Has anyone in Americas Sales or Global Sales for Cloud been impacted by RA's yet?
Just got the sledgehammer after a last minute 1:1. I was US Marketingyu (Blue Studio).
Buddy from DB2 for z/OS Development (Systems) was let go from my team today. SVL location.
Lost 4 from my team today CIO Hybrid Cloud(US and India).
Was just laid off in Massachusetts, 6 people from my team were hit in CIO.
I also got RA'd from chief analytics office.
1 month notice plus 3 months pay
Just got the news that I got hit. 1 more month, and 3 months severance.
Got cut this morning in CIO. Rumored that half my team is gone too.
Lost a team member in Marketing minutes ago.
Just got the axe in CHQ Marketing. Boss said this is a very large RA.
I was just RA inside of CIO.
Confirming the long message about the CIO cuts. Was just laid off in CIO.
I've already seen 2 RA's already happen in US office this morning. Word is 45% of the CIO division is RA'd hitting globally. Ironically this is/will be bookended with mandatory Executive meetings praising the IBM'er and how the culture is amazing and how we are all the best in the world and how they appreciate everything that we do for them and they hollowly expect all the effort, loyalty, and motivation.... but i guess execs remain immune to their own hypocrisy and how anyone with any seasoning chokes down their words just to get a paycheck. Good news is I heard the package was "fair", but i didn't see any executives running out offering substantial pay cuts for themselves. Long gone are the days where execs ake the hit first... I do think they should do more of offering the voluntary package to folks, because they might be surprized at who bites and it very well could mean they don't have to keep playing these games...
RA is happening, 2 people already lost on team. Have a meeting later today but not look in good.
Invite for surprise meeting got sent out yesterday. I'll post again but I think it's happening.
Got a meeting invitation from my manager today. No topic or agenda. I don’t have a good feeling about this.
got some 1 on 1 at the office meeting with manager at 14th. bye bye
Or if they ping you out-of-the-blue: "Got a minute?" So classy.
Ides of March
I got whacked today. US, Technology Expert Labs, 58.
I was expecting it anyway, so not really a big deal. I have already a job line up somewhere else. Been at IBM for almost 30 year, so it has been a good run. Bye IBM!
Manager schedules a meeting on very short notice with a generic subject heading. You are getting whacked.
yeah just heard that tomorrow (tuesday) is the day.
Alredy started , today and tomorrow. Tomorrow you will see messages on bulk .
RTO should be changed to RTG for Graveyard
IBM and job security have nothing in common, there has not been any for years with the exception of the dinosaur VPs. It'll be pretty large layoff.
First week of April / to be consistent with last years RA.