Topics regarding layoffs at IBM

Topics regarding layoffs at IBM

Workload Rebalancing is Financial Engineering

Workload rebalancing is an unrealized promise because the last of these conditions—operating at the same or higher level of profit productivity—has not been met. IBM has been increasing profits by lowering wages, but this has been offset by the... — read more 

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| 1140 views | | 2 replies (last January 21, 2019)
Post ID: @OP+XcukyfT

Are Options Traders Betting on a Big Move in IBM Stock?

Clearly, options traders are pricing in a big move for IBM shares, but what is the fundamental picture for the company? Yeah, a big downward move. https://www.zacks.com/stock/news/346686/are-options-traders-betting-on-a-big-move-in-ibm-stock

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| 710 views | | 2 replies (last January 15, 2019)
Post ID: @OP+X8j3yPn

T-Systems to sell mainframe unit to IBM: Handelsblatt

The Handelsblatt daily cited an internal memo which said 400 employees in six countries would switch to IBM in May. Sacrificial lambs to be RA'd within a year or so of the acquisition closing. For recent evidence, just ask the Verizon folks that were... — read more 

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| 962 views | | 2 replies (last January 15, 2019)
Post ID: @OP+X8ndeIh

The Skills Matrix

My team was just asked last week to fill in a matrix of our skills and what were working on with timeframes. Now sometimes these requests can be data gathering for a big bid, but I know it’s not for a big bid this time as I know of several other... — read more 

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| 1700 views | | 6 replies (last January 22, 2019)
Post ID: @OP+X73plG2

Why companies discontinue telecommuting

This is not my post but I thought it was relevant to us... Flagging it with #Gold ========= It's a part of a bigger shift to hire younger folks with lower salary requirements. Here is how the scam works (many companies are doing this): ... — read more 

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| 3920 views | | 12 replies (last January 17, 2019)
Post ID: @OP+X4ZjD8w

Next round of layoffs

When can we expect next round of layoffs? It is more and more obvious each day that anybody in their late forties or early fifties and up has no future at IBM. This leadership will stop at nothing to get rid of us, it seems. And unfortunately, they... — read more 

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| 4760 views | | 30 replies (last January 23, 2019)
Post ID: @OP+X2pawI7

Maybe the same poster will stop posting

It’s obvious from the posting here the vast majority of the comments here are from one person....check writing style. Can you please stop?, you’re ruining the forum and making it look like your column. I’m definitely not sticking up for IBM, but get... — read more 

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| 2220 views | | 14 replies (last January 15, 2019)
Post ID: @OP+X28AHmN

IBM to 'be gone' from AECOM by Spring

https://www.computing.co.uk/ctg/news/3068859/ibm-to-be-gone-from-aecom-by-spring-says-insider A depressingly familiar story that could be from any one of IBM's outsourced clients. No doubt the loss of this account increases the chance of more... — read more 

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| 2500 views | | 5 replies (last January 8, 2019)
Post ID: @OP+X0iXhCC

IBM sued by 57 year old for Age Discrimination

https://www.dailymail.co.uk/news/article-6562823/Former-IBM-employee-57-accuses-company-firing-age-discrimination.html A former IBM employee is suing the IT company, alleging she was fired because of age discrimination. Terry Keebaugh, 57, was fired... — read more 

IBM commercials

Last night I saw an IBM commercial claiming that Watson can improve call center efficiency. I guess diagnosing cancer is too hard. Then I saw a commercial where IBM Cloud can do something, I don't know what, with racing cars? IT looks like IBM... — read more 

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| 1180 views | | 4 replies (last January 8, 2019)
Post ID: @OP+WZe0QIE

IBM RA Severance Pay

I can't fathom how they can change the severance pay. When I was absorbed by IBM, we were sold on the company culture and being true blue etc. Part of the reason I didn't jump ship was that they had specific benefits at the time. I never imagined a... — read more 

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| 1800 views | | 6 replies (last January 8, 2019)
Post ID: @OP+WZQmhLN

IBM's Seterus mortgage-services Sold

https://www.businessinsider.com/ibm-sells-mortgage-services-product-seterus-2019-1 IBM sold its Seterus mortgage-services business to Mr. Cooper Group, the companies announced Friday. The terms of the deal weren't disclosed, though IBM said Seterus... — read more 

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| 2200 views | | 5 replies (last January 11, 2019)
Post ID: @OP+WYvDbPc

Has anybody seen this?

This has IBM written all over it. A new data analysis by ProPublica and the Urban Institute shows more than half of older U.S. workers are pushed out of longtime jobs before they choose to retire, suffering financial damage that is often... — read more 

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| 1060 views | | 1 reply (January 4, 2019)
Post ID: @OP+WXNsmzW

IBM claims that AI will reshape marketing

I see that IBM is trying to aggressively push their planes regarding the application of AI in the sector of marketing into the media. Maybe in terms of publicity, after the Watson disaster in cancer treatment, the smart thing to do was to switch the... — read more 

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| 1000 views | | 7 replies (last January 6, 2019)
Post ID: @OP+WXRGrby

IBM selling more assets

IBM selling its Seterus platform... this is more evidence that the company is cleaning up shop to divest one or more divisions to pay for the Red Hat acquisition... — read more 

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| 1620 views | | 7 replies (last January 4, 2019)
Post ID: @OP+WW3DSPj

Watson Health

My husband left a good job with Philips in 2016 to join Watson Health. Should we be worried about layoffs this quarter?

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| 1510 views | | 8 replies (last January 4, 2019)
Post ID: @OP+WWQKRCx

A sense of “slow” panic

IBM is very concerned as to how 4th Q and full year results will be received. If results come in “light” look for an announcement “sooner” as the board and management can’t take the inspection anymore (they are out of excuses and runway). The much... — read more 

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| 1332 views | | 1 reply (January 7, 2019)
Post ID: @OP+WVtz11J

2015-2018 was bad time for stock buybacks

https://www.cnbc.com/2018/12/11/investors-should-be-furious-3-stock-buybacks-that-went-horribly-wrong.html If IBM senior management's lack of vision is not enough, according to CNBC, their bad timing puts them in the bottom 4. We have watched the... — read more 

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| 1110 views | | 4 replies (last January 1, 2019)
Post ID: @OP+WUR4Sz7

IBM & Sears = Prodigy > Amazon

In the mid 90's IBM and Sears sold their interests to this group for $200 million. It was estimated that IBM and Sears had invested more than $1 billion in the service since its founding. It's a shame someone at Prodigy did not have the foresight... — read more 

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| 1470 views | | 7 replies (last January 1, 2019)
Post ID: @OP+WRC475W

Former AmEx Boss Chenault Leaving IBM, P&G Boards

It starts with a trickle. . . https://www.wsj.com/articles/former-amex-boss-chenault-leaving-ibm-p-g-boards-11545953913 Kenneth Chenault, the former chairman and chief executive of American Express Co. AXP 0.90% , is stepping down next year from his... — read more 

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| 1020 views | | 1 reply (December 28, 2018)
Post ID: @OP+WQ6VDS5

Lawyer Blog - IBM Age Discrimination.

https://blogs.lawyers.com/attorney/discrimination/ibm-age-discrimination-52401/ "However, a spokesman for IBM claims that the layoffs over the years have nothing to do with age, but rather an attempt to acquire an updated skill set, which is not... — read more 

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| 1380 views | | 4 replies (last December 29, 2018)
Post ID: @OP+WOJhH1E

Shareholder files suit over IBM-Red Hat deal

And it begins! https://www.bizjournals.com/triangle/news/2018/12/18/shareholder-files-suit-over-ibm-red-hat-deal.html Nearly two months after IBM announced plans to buy Raleigh-based Red Hat, at least one shareholder complaint over the deal has been... — read more 

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| 1170 views | | no replies yet
Post ID: @OP+WOiWp0Y

Ginni gone in 2019?

We wanted to Ginni to do better. Such promise in 2012 - along with hope for some real humanity in the nasty world of IBM senior management. The reality has been so different. Twenty two consecutive quarters of declining top-line revenue. $106 billion... — read more 

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| 1760 views | | 6 replies (last December 27, 2018)
Post ID: @OP+WNrbJKk

It’s all about the cash flow

It’s all about the cash flow!!! Wall Street has voted thumbs down on Ginni’s public plan so far. That doesn't Mean they don't Think it will succeed, BUT they think Ginni and the current management team will not pull it off. Wall Street is putting... — read more 

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| 950 views | | 2 replies (last December 28, 2018)
Post ID: @OP+WNAjM8b

IBM’s Debt and Deal Make the Stock a Big Loser Again

Merry Christmas! https://www.barrons.com/articles/ibms-debt-and-deal-make-stock-a-big-loser-again-51545652800 Big Blue’s shareholders are getting used to seeing red. International Business Machine (IBM) stock has posted the third biggest decline in... — read more 

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| 1430 views | | 4 replies (last December 29, 2018)
Post ID: @OP+WM6T0Kz

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