Thread regarding IBM layoffs

Bigger expenses for rebalansing point out more layoffs could happen

Layoffs will be very large in 2018, again, compared to 2017. Look at this link and search for 'rebalancing' (aka layoff expenses). Note that in 1H 2017, these expenses totaled in $171 million. For the entire 2017 year, the number equaled $199 million. 2018 first half is already triple the number for all of 2017.

Observe that layoff expenses in 1H 2018 spiked up to $563 million--that's just for 1H. So 1H is triple the number for all of 2017. Layoff expenses spiked in

2016--after severances were reduced to 1-month--the 2016 year-total number equaled $1.038 Billion, the year of crushing destruction. 2014 was a record high year of $1.5B of layoff expenses, but b/c the severance changes did not take effect yet, it was merely destruction.

Good luck. See the link

https://www.sec.gov/Archives/edgar/data/51143/000110465918048404/a18-14112_110q.htm

Hope that the OP ( @OLbfSBK-6Xtab ) got this wrong, but I admit there is a lot of logic to what he’s stating

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Post ID: @OP+VIsAvg1

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Quit throwing money away on office space that's not needed. Close every building that does nothing more than provide an internet connection. IBM cannot afford it anymore, those days are long gone.

Bain, are you with me? Wake up then and do something useful for IBM's bottom line.

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Post ID: @2ubs+VIsAvg1

There will be panic and many more lay offs. That is the IBM play book, pull the FTE lever hard and fast. If they cannot grow revenue this is the only way to make profits targets. Best of luck to all my IBM friends. Place has a very toxic culture and there are better places to work.

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Post ID: @1svz+VIsAvg1

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