Intersting read from Probublica:
https://features.propublica.org/ibm/ibm-age-discrimination-american-workers/
10 replies (most recent on top)
IBM Hit With Massive Age Discrimination Charges, Undermining CEO Rometty
By Douglas A. McIntyre March 23, 2018 6:30 am EDT
Tweet
International Business Machines Corp. (NYSE: IBM), already reeling from a badly damaged share price and years of falling sales, was hit with major research that showed a pattern of age discrimination. A nonprofit media outlet published a story titled “Cutting ‘Old Heads’ at IBM.” In it, the authors’ primary conclusion:
As it scrambled to compete in the internet world, the once-dominant tech company cut tens of thousands of U.S. workers, hitting its most senior employees hardest and flouting rules against age bias.
There have been years of such accusations, some of which were brought to 24/7 Wall St., and presumably other media outlets, by employees who claim they were diminished and their jobs moved outside the United States.
As the company stumbled against competitors such as Microsoft and Amazon, the article’s authors point out:
The company reacted with a strategy that, in the words of one confidential planning document, would “correct seniority mix.” It slashed IBM’s U.S. workforce by as much as three-quarters from its 1980s peak, replacing a substantial share with younger, less-experienced and lower-paid workers and sending many positions overseas. ProPublica estimates that in the past five years alone, IBM has eliminated more than 20,000 American employees ages 40 and over, about 60 percent of its estimated total U.S. job cuts during those years.
The news once again will raise the question about the tenure of CEO Ginni Rometty, who has presided
over the demise of IBM. The company has suffered quarter after quarter of falling revenue. She has
tried unsuccessfully to make IBM a leader in cloud computing. In the meantime, its older software,
services and hardware businesses have suffered. In some cases, IBM’s products and services compete
in sectors of the tech industry that are disappearing.
Rommetty took over the company at the start of 2012. IBM will need to make a case that she was
unaware of the discrimination. Even if it can, the fact remains that some of the discrimination took place
on her watch, which is another large blow to her reputation.
IBM Hit With Massive Age Discrimination Charges, Undermining CEO Rometty --
https://247wallst.com/technology-3/2018/03/23/ibm-hit-with-massive-age-discrimination-charges-undermining-ceo-rometty/
Make America great again !
Keep politics out of this... RA's have been happening for at least the last 20 years that I'm aware of.. Every quarter a new RA..
She is not kissing up to trump.. keep your politics out of this. she was doing this during O also..
This article was informative and spot on. I always wondered how IBM was able to get around publishing the list of the roles and ages of those RA'd, now I know. Amazing the ingenious ways IBM has come up with to screw over those who were loyal to them for decades in some cases.
I have no idea why any client would trust their IT operations or cloud to this disingenuous company. The CEO is slimy for approving these actions and the kissing up to Trump.
this made it onto seeking alpha and needs as much publicity as possible. It is not just the USA. European laws at very clear on this.
Oh and by the way, I have never looked back since leaving and life is good. Real pay increases and bonuses in the real world without having to watch your back every day and wondering if you'll survive the next RA. Good luck to all going through the latest slaughter. Life is definitely much better outside IBM.
That's exactly what happened to me 2 years ago. This practice needs to be exposed and challenged in the courts. I did, but not at liberty to divulge outcome. Go for it if you can demonstrate proof.
I wished I could say it wasn't true, but falls perfectly in alignment with what I have witnessed.
This is going to get a lot of air time.