C-Suite jumping ship in this manner: something really fishy here. . . https://www.ccn.com/ibms-1-million-bitcoin-bull-mysteriously-exits-tech-giant-as-global-blockchain-lead
IBM Named One of the Worlds Most Ethical Companies
I can't believe this article! Are you kidding me! I must be living in some alternate universe! https://www.prnewswire.com/news-releases/ibm-named-one-of-the-2019-worlds-most-ethical-companies-300801789.html
No innovation
IBM doesn’t innovate anymore. They purchase innovative companies sometimes. I feel sorry for young grads coming on because they see IBM as a “stable” company. This is very much true. When we were innovating, we were on top. Then innovation got pushed... — read more
Huawei’s Yearslong Rise Is Littered With Accusations of Theft and Dubious Ethics
Huawei’s heady expansion was in microcosm the allure of China’s massive market—irresistible to many companies around the world, including American tech majors that enabled its rise. Qualcomm Inc. supplies about a fifth of Huawei’s smartphone chips... — read more
GTS RA’
Is GTS safe in this round of RA? If not which countries will be effected?
Data Challenges Are Halting AI Projects, IBM Executive Says
Mr. Krishna, IBM’s senior vice president of cloud and cognitive software, said about 80% of the work with an AI project is collecting and preparing data. Some companies aren’t prepared for the cost and work associated with that going in, he added... — read more
IBM's Aecom $2B Disaster
How AECOM's $2.3bn outsourcing deal with IBM went disastrously wrong https://www.computing.co.uk/ctg/news/3073118/aecom-to-ibm-usd23-billion-outsourcing-deal-a-timeline
German cartel office extends review of T-Systems-IBM mainframe deal
Run-of-the-mill delay or something else at play? https://www.reuters.com/article/us-deutsche-telekom-t-systems-ibm/german-cartel-office-extends-review-of-t-systems-ibm-mainframe-deal-idUSKCN1SY0RE
20k to be laid off?
This is another BIG round of layoffs of up to 20,000 out the door. IBM needs cash , hearing no cash pay outs and 30 days or less just like other businesses do . Good luck folks, you will never retire from IBM . Please tell us where the 20k number... — read more
Have we just become training ground for other companies?
It looks to me like most of the new - mostly younger - employees are at IBM only short term - however long it takes them to get some knowledge and experience and move on to better things. Nobody I talked to in my department sees this place as their... — read more
Who is most likely to be found redundant?
After the RedHat acquisition, I’m in a lot of stress, as I know that many changes will come in the company structure. That need for change is, in this case, mixed with the ever-present need to cut costs, which is higher than ever, given the amount of... — read more
Estimating 2019 IBM Layoffs
IBM has already announced a 500-700 million dollar charge for 2019 layoffs. IBM pay third world vs first world tends to run at 25 cents on the dollar. Using first world numbers of 10,000 heads per billion, we extrapolate down into a lay-off of approx... — read more
Microsoft Transformation vs IBM Transformation
So the CEO of Microsoft can transform the company in 3-4 years, grow revenue and margins, yet IBM,s long term CEO makes excuses every quarter. And spends billions on acquisitions that are not bearing growth. This is laughable the IBM Board allows... — read more
Big RA in RTP coming soon
More details as we find out more.
RA is coming and we know it…
We see IBM’s pipeline, we see the work being done, we see and hear customers, we observe executive behavior. We track sales, we see expenditures, we follow financial press, we understand our numbers. We look at all of this and we know what will... — read more
Layoffs in Tell Aviv
About 75 employees from IBM XIV, shutting down A9000
Over 60 and laid off
I've been with IBM for about 5 years now, I am pretty certain I'll be RA'd before end of the year. What are your thoughts about job prospects for someone my age. I am purposefully omitting my field of expertise as I am interested in hearing about a... — read more
Giving up good employees too easily
Who else is surprised at how easily IBM is letting some of the best employees walk away? It used to be that you would fight to keep your best, match or beat competitor's offer, do something to make sure people you wanted to stay, stayed. Today... — read more
IBM Israel laying off dozens in storage division
The cuts and re-org. are hitting Israel now -- https://en.globes.co.il/en/article-ibm-israel-laying-off-dozens-in-storage-division-1001286937
IBM 401(k) Case Lands at High Court Amid Warnings of Rush to Sue
Sounds like IBM Exec.'s know the stock will diving soon and maybe for an extended period of time and are trying to minimize their exposures. https://news.bloomberglaw.com/us-law-week/ibm-401k-case-lands-at-high-court-amid-warnings-of-rush-to-sue
Negotiations 101
Can Ginni and the Exec management team negotiate, or can they negotiate. OH by the way IBM board you approved this deal. Sell semiconductors and the plants to GF for a payment of 1.5 billion.. GF has now broken a piece of the sale apart and sold it... — read more
Healthcare AI - Finally a Breaktrhough
But it's not Watson... The prize goes to GOOG: https://www.engadget.com/2019/05/20/google-ai-lung-cancer-screening/
3 guys rescue a 50-year-old IBM 360 mainframe from an abandoned building!
https://ibms360.co.uk/?page_id=22
Is IBM hiring
Is IBM hiring
Red Hat's Jim Whitehurst on the IBM Merger, SUSE and Ubuntu
"There have been a few customers that are not great fans of IBM…" https://www.itprotoday.com/linux/red-hats-jim-whitehurst-ibm-merger-suse-and-ubuntu
The WSJ CEO Pay Ranking -- An analysis of 2018 compensation for S&P 500 leaders
Need more math help! How come Ginni's pay didn't decrease commensurate with shareholder return? Virginia M. Rometty IBM Shareholder Return -22.6% Pay Change -5.6% 2018 $17.6 million 2017 $18.6 million https://www.wsj.com/graphics/ceo-pay-2019/
Three quarters of growth were the anomaly
22 straight quarters of declining revenue followed by 3 quarters of growth followed by 3 quarters of decline. Seems to me that if anything, the 3 quarters of growth were the anomaly. Driven almost entirely by the new mainframe release. This. Sadly... — read more
Has anything fundamentally changed since the RedHat acquisition?
I’m a former IBM employee, but I like to be informed about the company, givet that I still keep in touch with people that work there. What I would like to ask is has anyone felt any change at the company since the RedHat acquisition. Looking from the... — read more
IBM Struggles to Jump-Start Its Turnaround
Asked if job cuts were planned as IBM struggles to ramp up business, Mr. Kavanaugh said the company would “take actions to address the stranded costs and structures” that would eat the majority of a projected $500 million to $700 million gain from... — read more
The Dubious Management Fad [NPS] Sweeping Corporate America
International Business Machines Corp. said it switched from a three-question survey to NPS in 2015. Employees in different departments can see the NPS feedback on their phones. “What it’s become here is a shared truth,” said Kathy McGettrick, vice... — read more
HCL Tech to hire 2,000 IBM employees as part of $1.8 bn software deal
So ~2000 heads to be kept on at HCL for ~1 year and then shown the door after that. Another stealth RA via divestiture!... — read more
Is anybody over fifty giving it their all anymore?
Considering IBM's treatment of employees in a certain age bracket (mainly people in their fifties and above,) is anybody from that group still giving it their all knowing that ultimately it will mean nothing when the time for the next cost cutting... — read more
IBM sacks 300 employees from services division
Looks like it's starting in India. https://economictimes.indiatimes.com/tech/ites/ibm-sacks-300-employees-from-services-division/articleshow/69316608.cms
2019 Layoffs
Layoffs coming in the US across most business units. Financials are looking terrible.
High watermark investments view
IBM is a bit of a unique case, given the portfolio churn the company has been witnessing. IBM appears to have straddled between an incumbent and challenger, finally settling in as a major player in the cloud integration (hybrid cloud space) still... — read more
IBM Could Struggle in Cloud - Barrons
Barron's Take IBM Could Struggle in the Cloud, Analyst Says — and Watch Out for Activist Investors IBM could have “little to no growth” in earnings over the next three years—and an activist investor could intervene and shake things up, one analyst... — read more
Red Hat purchase is slow death for IBM
IBM only buying Red hat thinking that their technology innovation in cloud will save IBM and they will become number one player in Hybrid cloud market. but they don't understand 80% of companies are going with one cloud provider mostly AWS with... — read more
IBM CEO Ginni Rometty said Red Hat will remain independent because 'I don't have a death wish for $34 billion'
"I'm not buying them to destroy them. It's a win win for our clients. It's a way to drive more innovation." https://www.businessinsider.com/ibm-ceo-ginni-rometty-pledges-to-keep-red-hat-independent-2019-5
Current State of IBM Affairs
IBM's software is dying from neglect and yesterday's technology Hardware is irrelevant Services are more expensive, lower skilled, and less profitable than competitors due to overhead and all the cuts over the years. Research is a shadow of what it... — read more