Thread regarding IBM layoffs

@1xvc+1t6mwcMV

Since you put it that way, let's start by asking the CEO and all the Senior Executives and managers to donate their 2024 bonuses back. After all, it's for a GOOD cause - saving the IBM corporation from itself. It's a far better, more productive solution than the original "off with their heads" idea (mind you, I like the original proposal for Rob Thomas).

Let's see what their responses are. And, NO offense taken if they say "NO".

After all, blessed are they who expect nothing, they shall not be disappointed.

PS : One question lurks at the back of my mind - if they could ALL see this coming, why didn't even one of them lift a finger and take the appropriate measures?

It's easy to say "off with their heads" if you're in the rank and file and you think the management has sc--wed up...everybody else has said it too. The problem for the management right now is that they really are out of time, and almost out of money. They have to make payroll every pay period, keep the lights on, make payments on their debt and pay any other recurring expenses they have with the revenue they have coming in. It's a challenge...not an impossible one perhaps, but extremely difficult without making very tough choices.

This might have been avoided long ago had the executives made different choices, but they didn't do so. They made the choices they made and so the company is where it's at now...a lumbering giant that can barely make ends meet. It's just like it was in the 1990s, except that executives have gotten out of many lines of business that could have been developed into something profitable. So they gotta do something.

@1per+1t6mwcMV

Out of time, eh ? Well, no one should shed a bitter tear because IBM executive (SVPs in particular) heads should be rolling at the top for mismanagement of the corporation. After all, that is where the problems begin 100% of the time. Layoffs should start at the top, not the bottom of the corporate ladder. After all, it's the SVPs, VPs and Senior managers who set the direction and if they get it wrong, they need to be shown the door. To keep them on after their failure to make their goals and numbers for more than 2 quarters shows how cretinous the IBM CEO and senior management is. It called winning in the marketplace.

Can Krishna clearly justify his $20+ million dollar bonus for 2024? It's about greed, arrogance and not doing the right things for the corporation fast enough. After all, IBM adopted the Agile methodology a few years ago before the Pandemic, but that seems to have been discarded now. If Krishna did the right things, there would be fewer layoffs of the productive US employees. But that's not his style, is it? So, If you can't make a profit, you need to go. If you cut the dividend, you need to go. No room for mistakes and no whining. We want winners, not whiners.

In 20 years time when the IBM Corporation is likely no more, the HBS (Harvard Business School) will likely produce a great research paper on the lessons learned from the greed and missteps of IBM executives and the resulting decline and fall of IBM. For the rest of us, there's always the lessons learned from the journalist Bob Cringely who always had the inside scoop on IBM's missteps:

https://www.cringely.com/2014/06/04/decline-fall-ibm/

And, Rotten Rometty will relish the opportunity to turn out the IBM lights when the time comes.

The "cretinous" moves that occurred in previous years took place because the executives got greedy. In contrast, the "cretinous" moves that are occurring now are taking place because the executives have no choice...they are out of time.

and...the cretins in IBM management decide to merge departments and offshore more jobs to lower cost geographies as a means to save money and achieve some economy (but it rarely saves money, because you get what you pay for). It just means less people to do more work, and we know that never happens unless you are using good AI and tools. That does not happen in India for obvious reasons (it's cheaper to pay people there than it is to develop good AI and tooling). But when you pay peanuts, you hire monkeys.

But should they ever cut the IBM dividend, Killjoy Krishna will be gone very quickly, as he rightly deserves. So, the id--t and Knavish Kavanaugh better figure that one out and get the IBM fire sale right. It's business !