The first IBM layoff I was involved with was in 1993. For 25 years IBM has been terrorizing its employees as it wanders aimlessly from one failed idea to the next. 25 years of clueless leadership should be enough. Sack them all and start over.
Admin, someone is excessively posting news articles, no layoff discussion. Its against site rules.
Eom
Ginny Rottenmetty drives IBM into the ground
The company has had 2 good quarters out of the last 25, and still, it insists on keeping a CEO at the top who has NEVER done anything but SHRINK the company!... — read more
Now IBM turns redundo gun on its Digital Business Group
https://www.theregister.co.uk/2018/04/18/ibm/ IBM is preparing a redundancy chute for the good folk working in its Digital Business Group (DBG), The Register can reveal. Employees in the unit received an email from company execs early last month... — read more
The Numbers Just Aren’t Good Enough for IBM Stock
This is a weak and only weakening story. At $150, IBM stock is more appropriately priced than at $160 and up. But I’m not comfortable buying this name until it dips further, preferably to the sub-$130 range as it did in early 2016. Until then, I... — read more
Don't Buy IBM -- It Lacks Sustainable Competitive Advantage
The right CEO can make a big difference -- just look at how well Microsoft has done thanks to the successful cultural change managed by Satya Nadella. Until IBM gets a new one, it will lack a sustainable competitive advantage. Avoid this stock... — read more
Layoffs already being mentioned
We were right to fear the quarterly results. Articles are already announcing layoffs. This announcement follows expectations of layoffs as IBM, under its Chief Executive Ginni Rometty, tries to offset declines from its legacy businesses... — read more
IBM's stock tumbles toward worst post-earnings performance in 5 years
Time to hang the black bunting. . . https://www.marketwatch.com/story/ibms-stock-tumbles-toward-worst-post-earnings-performance-in-5-years-2018-04-18
IBM stock slammed as analysts highlight shrinking margins
The End is nigh. . . https://www.marketwatch.com/story/ibm-stock-slammed-as-analysts-highlight-shrinking-margins-2018-04-18
IBM Reports Higher Revenue, Profit Down
But several analysts expect the mainframe cycle to tail off by the end of the year, creating a challenge for > IBM to maintain its momentum, especially since hardware sales tend to also have a beneficial effect on revenue in other divisions. Toni... — read more
IBM Turnaround Questioned on Slower Growth of New Businesses
Rometty reversed the trend of revenue declines late last year, though that boost wasn’t fueled as much by new businesses as by cyclical demand for more-traditional mainframe computers. Investors are watching closely for gains in newer software and... — read more
IBM stock falls after earnings beat
Analysts on the Street are continuing to see through the ruse. . . https://www.marketwatch.com/story/ibm-stock-falls-after-earnings-miss-2018-04-17
Up or down?
Some of today’s numbers were up, but down “adjusted for currency”. So which number is the real one?
Not this time IBM
IBM's desperate attempts to hide its failing business through accounting magic have come to an end. Today's "Beat" was caught by the markets. Now we know the true purpose of Trump's tax cuts, which was to prop up failing corporations just a bit... — read more
IBM over payment threats
I was on transition to retirement and had agreed to leave voluntarily by march 31 2018. I found another position and left in mid january. I was nicer than my instincts and gave notice via workday as opposed to letting them figure out I wasn't showing... — read more
Is IBM On Anyone's IT Roadmap?
As I've mentioned on this site before, IBM is rarely considered by companies planning their IT future directions. People in IT know you're taking a risk with any software, services or cloud solution they pedal. They're continuing to mask exactly... — read more
Who's worried?
Who's worried about tomorrow and the IBM's quarterly results? What are the chances we are going to be surprised with good enough results that will not have us worry about more layoffs? I know, I know, not a chance. Let the guy hope, though. The... — read more
#basta #voteAgainst by April 24
While some may consider it as powerless or symbolic at best, but never underestimate the power of a simple hashtag, please gather the 15-digit control number from your proxy material and #voteAgainst ALL IBM board of directors from another term at... — read more
ProPublica/Mother Jones Investigation Confirms IBM Layoffs Targeted Older Workers
https://spectrum.ieee.org/view-from-the-valley/at-work/tech-careers/propublica-mother-jones-investigation-confirms-ibm-layoffs-targeted-older-workers IBM’s layoffs: it’s been a frustrating story to cover—and I’ve been trying since 2015. So I was... — read more
Big U.S. Companies Reveal How Much They Rely on Overseas Workers
The size of overseas workforces is a hot-button issue for many U.S. companies due to political sensitivities around shifting American jobs to developing countries. Between 2000 and 2015, the most recent year that Commerce Department data is... — read more
IBM showing off shiny new office
http://www.bizjournals.com/triangle/news/2018/04/03/inside-ibms-newest-agile-space-at-research.html Does anyone on here actually work there? Do you like it? Looks like it would be noisy to me.
The Herald-Sun: Did IBM underpay its sales staff? Three lawsuits say yes. A jury could decide.
More of Big Bleu's legal woes making the press. . . By IBM's account, the BB&T licensing contract was worth about $19 million. And the company acknowledges it reduced Choplin's prospective commission by $269,569, paying him $348,487 for his role in... — read more
IBM profile
This is not a post about layoffs, sorry! Why is the IBM profile on this site so out of date? A small point but it really annoys me. If IBM won't provide updated information it would be best to leave those sections blank with an explanation that IBM... — read more
Evaluating Virginia Rometty's Profit Productivity (Article Four)
https://www.linkedin.com/pulse/evaluating-virginia-romettys-profit-productivity-article-greulich/
More Layoffs
Latin America US GBS and GTS IBM Corporate staff People getting hit seem to be in middle to senior level management. Most older and more expensive workers. the pro publica articles seem to be correct. Why are the most senior levels of IBM not being... — read more
When should I expect seversnce check if last day was 3/30?
Thanks in advance. I have s lot of gambling debts.
One Click One Call
What are your thoughts? The L1 Support people becoming skilled up to a L2 Product Engineer or Product Field Engineer designation and remain as the owner of the problem throughout the entire duration/life cycle of the issue.
IBM's Tax Scam Cut
This great new website is keeping track of what corporations are doing with their massive tax scam money (and they thank you very much for the generosity out of your paychecks, as does Scott Pruit and the rest of the evil cabal). They haven't posted... — read more
So much for that article
Isn't it sad how some people got so excited about that article that exposed IBM's practices when it comes to older employees? Hoping something would change or come out of it? It hasn't even been a few proper weeks, and the story has all but... — read more
Restructuring news for TSS and STG along with cuts in Canada
https://www.facebook.com/alliancemember Anon from Canada: A major, global restructuring of IBM Technology Support Services Level 1 & 2 (L1/L2) Remote Support for traditional IBM logo/Systems & Technology Group (STG) products was announced Tue Apr 3... — read more
More layoffs next week?
Are we having more layoffs next week? This week has been so strange at the office, like we were in a waiting pattern, I just couldn't figure out what exactly we were waiting for. The only thing that comes to mind is more layoffs. I hope I am wrong... — read more
A quiet week
It's been a quiet week here at IBM. People that were cut don't care any more (good for them) and people that weren't cut are just wondering what happens next. When a team is cut 75% the geniuses that chose the people should have to tell the rest of... — read more
Co-op says IT upgrade project going swell since axing IBM
https://www.theregister.co.uk/2018/04/06/coop_has_made_significant_progress_in_it_upgrade_since_ditching_ibm/ Has this affected UK redundancies? Not heard anything about UK tech sales
IBM is going to shrink, a lot!
IBM wants to be a fortune 250 supplier (does this sound like what Cloudera announced yesterday (Eg 800 top customers)). If The division you work in at IBM has sub 45% margins, consider yourself unwanted. IBM’s strategy is a high margin / high growth... — read more
How do I return my iPad?
Any help appreciated. Sent back my pc but still have this thing. Thanks!
Union not a solution but a professional body of techies can do wonders in improving working conditions and pay
Union not a solution but a professional body of techies can do wonders in improving working conditions and pay. nasscom is IT companies association that tends to dictate the working conditions and hiring policies and uses lobbying to silence... — read more
How IBM survived and survives
IBM was able to weather 22 consecutive quarters of revenue decline mostly through cost cutting and constant promises about how they were going to be relevant by developing the next big area they were working on. Through all of that, the CEO pocketed... — read more
Dow Stocks Breaking Down: International Business Machines Corporation (IBM)
https://investorplace.com/2018/04/4-dow-titans-that-could-slap-the-mat/
Bring Back the Unions.
Capitalism has lost its path in the name of short-term profits. One by-product is the ridiculous sums of money paid to CEOs for mediocrity (hint: IBM) but dismally even for failing at their jobs (ref. 2008). This, frankly, theft mocks the sweat and... — read more