Thread regarding IBM layoffs

By the numbers

Does anyone in this chat have actual RA and/or layoff numbers for IBM? Its kinda hard to understand the degree things are fair or bad without actual data

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| 633 views | | 5 replies (last 2 days ago)
Post ID: @OP+1vfxaN0s

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All numbers are available, and every analyst who tracks IBM professionally (for their job) knows what is going on. The problem now is that this situation has gone on for so many years that most people have either become numb to it, they have stopped caring, they have moved on, they have retired, or they have died.

Yeah, it's been going on for that long...like a war that never ends. Permanent dismissals via RAs have become ingrained in IBM's corporate culture since the late 1980s...over 35 years. All the numbers are put out for public consumption. Every quarter that an RA occurs, reports are distributed showing (if memory serves) which positions were cut by job title and band (no names). All dollar amounts of RAs in total can be determined by reading the annual reports that are given to stockholders.

The bottom line is that IBM has been selling out and going to cash for all those years. Yeah, it su-ks as an IT business...but IBM's management hasn't been running IBM as an IT business. They've let the company run itself down, they've got little to no new products in the pipeline, and they regularly churn and burn personnel. But what they have excelled at is playing games with the books and keeping the dollar figures up, and that's all that the majority of the shareholders really care about anyway.

If Google or Apple were run in a similar manner, then everyone would say "Google and Apple have huge problems, someone's gotta fix it". This no longer happens at IBM, even in forums like this...why is that? It no longer happens because everybody has learned to live with it and are just interested in day to day survival. That's what happens when a bad situation is allowed to fester for so long.

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Post ID: @2nql+1vfxaN0s

Unless Arvind, Jim, or Nickle frequent this board then no, no one here has the full picture for IBM.

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Post ID: @1bvf+1vfxaN0s

IBM has had a busy 2024 If we look at ebitda for 3rd q They have taken a 700 million restructuring charge so far in 2024. In addition they have taken an asset sale of 600 million in 2024. (IBM stated asset sales would be funneled toward restructuring). So 1.3 billion. If we use the 2023 300 million dollar charge that resulted in 3900 folks, then the 1.3 billion would be in the neighborhood of 17k AGAIN this assumes all of the charges and asset sales went to headcount reduction in NA and Northern Europe

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Post ID: @1azf+1vfxaN0s

seen a number of 8000 or so but believe it's much higher ...probably at least 15000 and climbing up.

https://www.linkedin.com/posts/william-a-bill-brown-7241921_ibm-has-reportedly-laid-off-thousands-activity-7245542558485856256-vP7y

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Post ID: @lzq+1vfxaN0s

I'm fairly sure that even VP level don't have the whole picture.

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Post ID: @tqz+1vfxaN0s

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