Really who cares about fast start it’s nothing but a waste of time and money. This is why IBM can’t make money because they waste more time to play and partying then out in the real world. Doing business. IBM A losing company.
IBM lays off 75 additional Walgreen dedicated SSR's
Happy holidays from IBM 85+ Walgreen dedicated Technicians let go before the holidays !! Reason: they make to much and are hiring low cost labor to replace them.
All the companies that IBM acquired
In light of the recent RedHat acquisition, this article provides the list of all the top companies that were acquired by IBM. How successful did those purchases turn out to be? You can be the judge of that... — read more
Does this mean we will pay for the merger?
If there will be no layoffs at Red Hat as part of the merger, does that mean that the consolidation will hit our side exclusively? That is certainly not going to create a welcoming environment for the newcomers... — read more
Layoffs in a different flavor
The layoffs are going to come in a different flavor in 2019. Ibm will Be spinning off a large portion of legacy HW and services. As such IBM will stuff the spinoffs with unwanted folks just like they did with Lenovo. Once the spinoff’s are complete... — read more
Take a bet to say IBM won't layoff
So Christmas 2018 is approaching and will anyone take a bet to say IBM won't layoff, or off shore more jobs. This could be in the US, Europe or Asia, nothing should be ruled out by Ginni and her elves. Profit warnings or contractions in sales... — read more
No Planned Layoffs for RHT
https://www.bizjournals.com/triangle/news/2018/11/02/red-hat-ceo-there-are-no-planned-layoffs-with-34b.html
IBM CEO Ginni Rometty Buys About $3 Million in Company Stock
Perhaps this was the plan all along: drive the stock price down to nothing, then buy a pile of shares for pennies on the dollar? Or is this just a $3M dollar PR stunt to prove to investors that they shouldn't dump and run, but buy too?... — read more
IBM's $34B Red Hat deal is risky bid to boost cloud business
https://finance.yahoo.com/news/red-hat-soar-ibm-deal-134926659.html Some of the comments hit the nail on the head Gini is a terrible CEO. She just put the nail in the coffin of a roughly 100 year old company. This is a desperate move. They had a lead... — read more
The RedHat acquisition - did IBM see some benefits that others didn't
I am personally very skeptical about the purchase of RedHat, especially with the price that was paid. This article states that IBM saw in RedHat something that the competition failed to see and provides an insight on the ways that it plans to benefit... — read more
An example of what IBM does to its acquisitions
IBM's second biggest acquisition was BI company Cognos for $5 billion in 2008 The implosion of Cognos is the same as similar acquisitions like SPSS and Algorithmics: First year of bluewashing goes OK. IBM goes out their way to attribute as much... — read more
The organizations within IBM are not unified
The problem is that IBM employees across corporate departments are not unified. The best description I have heard is that IBM internal organizations are a loose collection of warring nation states. Organizations are out to optimize their "value" at... — read more
With Red Hat, IBM Makes a Big Cloud Promise. The Reality Is Far More Hazy.
“Buzzwords like Watson, AI, and now hybrid cloud have been little more than empty rallying cries that have left IBM investors in tears,” says David Nelson, chief strategist at Belpointe Asset Management. Since Rometty took over in early 2012, IBM... — read more
a job in another big tech-related Company like Oracle, Dell, IBM, MS, etc
If your experience is in IT per se (programmer, DB, business system analyst, etc.), I wouldn't recommend at all looking for a job in another big tech-related Company like Oracle, Dell, IBM, MS, etc., etc., because sooner or later it will be the same... — read more
Mark Shuttleworth Thinks IBM Buying Red Hat is Good News for Ubuntu
Perhaps good news for Ubuntu but guessing this is real bad news for AIX. https://www.omgubuntu.co.uk/2018/10/mark-shuttleworth-thinks-ibm-buying-red-hat-is-good-news-for-ubuntu
To everyone in analytics
Rumor has it that if your first line manager is trying to have you take a New role is because you on the RA list. This was heard more than once. by your VP
The benefits of the RedHat acquisition
Even though I am very sceptical about the RedHat purchase, I gotta admit that that this article points out some good things that can come from this. In any case I think that IBM overpaid a great deal for RedHat, and at this point I think it will... — read more
IBM Adds $4 Billion to Share Buyback Plan, Confirms Dividend After Red Hat Deal
The financial shell game continues. . . https://www.thestreet.com/markets/ibm-adds-4-billion-to-share-buyback-plan-confirms-dividend-after-red-hat-deal-14762497 International Business Machines (IBM) said Tuesday that it will buy back another $4... — read more
IBM's board needs to take hard look at CEO Ginni Rometty
https://finance.yahoo.com/news/ibms-board-needs-take-hard-look-ceo-ginni-rometty-191306423.html Ginni Rometty has been CEO of IBM (IBM) since Jan of 2012—almost seven years. Since then, IBM’s stock is down 38% while the market is up 110%. That’s a... — read more
Why can’t we stage a walk-out?
Haven’t we had enough with the incompetence of the board and management? Haven’t we had enough with the age discrimination, rampant favoritism, and gross mistreatment of individual contributors? Don’t we deserve answers? Why couldn’t we do a... — read more
IBM ICP vs RedHat Openshift
Wondering is IBM is going to toss ICP away now that it is acquiring RedHat and its OpenShift platform... and I know that ICP is/has been integrated with Openshift, but what is the point to have more than one platform? Not to mention that ICP has been... — read more
IBM's Unpaid Sales Commission
This one popped up on the Watching IBM page, it depicts how low the management is willing to go nowadays... ||| I left IBM voluntarily last month. IBM owed me commission on over $500k sold before I left and I was told and reassured I'd be paid my... — read more
Just a reminder
In case people forgot, layoffs are nothing new at IBM. As a matter of fact, we still hold the crown for the largest layoff in U.S. history - 60,000 positions at one time. Chances are, if anybody manages to beat that, it will be us again... — read more
Analyze Data (Age Discrimination)
www.biddle.com/documents/layoff.pdf How to Analyze Data for Age Discrimination in Layoffs
IBM Employee Discussion Forum
Do you think we may need an IBM employee discussion forum? I am thinking about setting up one. If yes, a few questions: How many of you would be interested in joining and participating Do you think we’d have enough people visiting to make the forum... — read more
How many more times
How many companies did IBM buy and destroy through management incompetence? They make billion dollar bonehead decisions and we keep earning the company more so they can do it again. I will start with an odd one. Rolm, A telephone equipment... — read more
Qualcomm’s president praises IBM’s acquisition of RedHat in the media
I just ran on to this article and I have to say a found it interesting how Qualcomm's president Cristiano Amon spoke favorably about IBM's acquisition of RedHat, calling it the peak into the future. I’m surprised that the leader of such a big tech... — read more
How are we paying for this?
This begs the question of how IBM could afford to pay that much for an extremely overvalued company, meaning here we are at Softlayer all over again. How do you think they’ll raise the capital to fund the acquisition? The sale of Services, which is... — read more
Red Hat Layoffs
Check out Red Hat's board: https://www.thelayoff.com/red-hat
RedHat acquisition makes zero sense for IBM
This makes zero sense for IBM. Red Hat is a nice little Linux business, but it doesn't do much with the cloud. Linux (the operating system) is the VERY BOTTOM of the software stack. Having control of Red Hat will do NOTHING "to help companies bridge... — read more
An amazing, amusing value-per-employee IBM versus Red Hat
IBM: $114B market cap, 370,000 employees: $308K market cap per employee. Red Hat: $33B market cap, 12,600 employees: $2.6 million market cap per employee.
Hello more layoffs
Anybody who is hoping we will pay for Red Hat through some means other than layoffs has not been paying attention lately. What is the easiest way to cut costs and save money, at least short term? Layoffs. What has IBM been using in the past several... — read more
IBM to Acquire Red Hat for About $33 Billion
Red Hat, based in Raleigh, N.C., will operate as a distinct unit within IBM’s Hybrid Cloud team. And IBM intends to retain all of Red Hat’s roughly 12,600 employees, Ms. Rometty said. IBM currently has just under 370,000 employees. So adding 12600... — read more
IBM CEO Ginni Rometty insists the 63% premium the tech giant is paying for Red Hat is a 'fair price'
I'm sooo glad she's not helping me negotiate my next car or home purchase. Playing it conservative on debt levels, IBM will pause its share repurchases in 2020 and 2021, a move that Rometty describes as "being prudent." So this explains a portion of... — read more
Q: What do you get if you cross Watson and Red Hat?
*First respondent with correct answer gets additional week severance.
How is IBM going to pay for Red Hat?
IBM is buying Redhat for 34B or over 10 times revenue. My guess is that IBM will sell off divisions and RA (AKA layoff many veteran IBMers) to fund this crazy buy. That is still ALOT of money! AND Redhat is open source, not cloud, So it is misleading... — read more
An interesting prospect on the RedHat acquisition
Best case scenario is that this turns out to be a reverse merger in disguise. RedHat is allowed to operate independently, and the successful/marketable IBM software is moved underneath their management. The Power, z, and enterprise storage hardware... — read more
Red Hat Merger May Work for Us
If the board has any courage they will do what happened when NeXT and Apple merge - they would let Red Hat executives start running the combined company, this is the only exit out of the death spiral. Frankly, no other options exist for us at IBM and... — read more