Topics regarding layoffs at IBM

Topics regarding layoffs at IBM

It's not Age Discrimination

I work in Legal in one of the USA offices. I will be the first to say that everyone on this board is 100% incorrect about IBM being guilty of age discrimination. So many people on this site are complaining because they got RA'd (very sorry to hear)... — read more 

IBM has to make some desperate changes

I’m not sure you are correct about IBM being over, BUT Ginni still is the CEO so we’ll see. IBM has to make some desperate changes if they are to survive this and come out on the other end. Gerstner dumped 30% of the company to save it. The new CEO... — read more 

Another Opinion...

IBM is at the inflection point of the turn-around and will return to sustainable long-term growth in the next year. The valuation does not reflect the improvements revenue composition and the consequent growth and margin outlook. I... — read more 

Lisa Su, Next IBM CEO?

Not that fast... Lisa Su denies rumors that she's taking over IBM. AMD CEO Lisa Su denied a rumor that she wants to replace Ginni Rometty as IBM's chief exec, but experts say that IBM could do a lot worse than this 'superstar' AMD CEO Lisa... — read more 

IBM Is a Growth Stock Again Thanks to Red Hat Deal

Paragraphs 3, 5, 6, and 8 contain some serious smoke-blowing, particularly paragraphs 3 and 8: At a long-awaited webcast with analysts on Friday, IBM laid out the rationale and financial impact of the Red Hat acquisition. (You can see the... — read more 

If Watson Is So Smart, Why Is IBM's Stock So Low?

To summarize, under Rometty, IBM has 1) fully embraced the productivity toilet that is the open plan office, 2) eschewed the massive productivity boost of widespread telecommuting, and 3) replaced its most experienced and tech-savvy... — read more 

Investors call 8/2 10-12 summary

The investors call just finished. The summary boils down to IBM has changed strategy to redhat’s, built around OpenShift and openStack. IBM will focus on building services around these going forward with their “extensive services” operations... — read more 

RA today... 8/1/2019

Well... today was the day. RA notice for a 61 year old, with 30 + years, in Watson Customer Engagement division, working out of New Hampshire USA. No surprise,.. was hit with RA twice before but was able to jump to another division in IBM with... — read more 

Another person over 50 yrs old hit today -ME

Sad. IBM hardest company in the world to work for. I think their attrition by millennials sums up the state of wwork place. Most don't even know what the letters IBM stand for.

If you cant make retirement, leave while you can

The people leaving are those with 1) marketable skills and 2) their eyes open. And people with marginal skills (focused on dead or dying Ibm products and technologies...most of the portfolio), are jumping while the job market is hot enough for... — read more 

Ibm’s Past behavior is starting to haunt them

https://finance.yahoo.com/news/ibm-fired-many-100-000-191146867.html Dumping a 100k worth of heads and saying it’s a skills deficiency is going to be really hard to argue because the next question will be “you hired 100k worth of incompetent... — read more 

How many people have quit already?

Everybody knows people over 50 are as good as gone at IBM - the question is not if they'll be laid off but when. I've noticed a pattern lately of people approaching this age group leaving on their own. I didn't ask them about it - I really don't... — read more 

Something changed

Environment here is clearly toxic towards IBMers who love their job, that's for damn sure. We loved our jobs too. Something changed.

IBM Has Levers To Pull

[Raising comment @10b4jZsf-1nzs to a standalone post]. Once Red Hat is integrated, I expect IBM to leverage Red Hat's SG&A and R&D infrastructure. This should allow the company to cut expenses further while benefiting from Red Hat's outsized... — read more 

The Red Hat Future

The leading cloud companies are about to reach escape velocity, IBM is mortgaging its future at the RHT junk yard on sc-aps to rebuild Apollos. I can see why IBM thinks RHT is the right medicine for itself and the cloud. But it demonstrates that... — read more 

Don't look behind the curtain

https://seekingalpha.com/article/4276342-ibm-worse-quarter-initially-appears YoY Expenses up, revenue down, profits down. How many other units can we sell off to fool investors?

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Perspective on 2nd q performance

https://seekingalpha.com/article/4276342-ibm-worse-quarter-initially-appears Given the above article there seems to be a 3 prong approach to IBM’s transformation Buy Redhat to change the narrative to a “Hybrid cloud company”. (Done) .. — read more 

IBM is a 'zombie company': Analyst

Even so, Fitz-Gerald has his doubts. “I think [IBM] is late to the party and they are going to be a dollar short,” he says. “I just simply don’t see them competing with the likes of Amazon or Microsoft, which are rapidly growing into the... — read more 

Trump Vows Close Look at Computing Contract Amazon Seeks

“I’ve had very few things where there’s been such complaining,” Mr. Trump said. “Complaining from different companies, like Microsoft and Oracle and IBM. We’re going to take a look at it, we’ll take a very strong look at it.” So Ginni and... — read more 

IBM's Last Report Without Red Hat Was a Mixed Bag

Free cash flows increased by 28%, landing at $2.4 billion. Capital expenses came in at $431 million, less than half of the year-ago period's $1 billion. A $270 million real estate sale played a large part in that year- over-year comparison... — read more 

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Sorry IBM: Lower Revenue is not "Good News".

Earnings: $3.17 per share, excluding certain items, vs. $3.07 per share ... ... IBM’s revenue fell 4% from a year earlier even as earnings grew 3%. This is "Good News" only when share price matters more than anything else. Expect more RA's to... — read more 

IBM Revenue Lags as Cloud Pivot Remains a Challenge

Gross profit margins expanded to 47.4%, IBM said, a result of the company’s focus on exiting less- attractive businesses. Mr. Kavanaugh said IBM made $575 million from long-planned asset sales in the quarter, within the range of $500 million... — read more 

IBM Earnings 2019Q2

Shares of IBM rose as much as 4% on Wednesday after the company reported better-than-expected second-quarter earnings. Here are the key numbers: Earnings: $3.17 per share, excluding certain items, vs. $3.07 per share as expected by analysts... — read more 

IBM lands AT&T contract worth ‘billions’

“This is a vindication of the value of the hybrid cloud, and the value of Red Hat,” Ms Rometty said. IBM would handle much of AT&T’s computing workload in its own cloud data centres while also managing AT&T’s work with other cloud... — read more 

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