Topics regarding layoffs at IBM

Topics regarding layoffs at IBM

Layoffs Today...

Layoffs have started. People are being given one month's severance and their last day will be the 28th. They sent out an email about two months ago encouraging people to find other jobs. They are counting the email date as the beginning of a 90 days... — read more 

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| 4360 views | | 17 replies (last February 17, 2018)
Post ID: @OP+RIERqsN

Wife was laid off today - 15+ years of service

She was bleeding blue, believed the brand, believed in GR. I'd complain (I work for HPE) about both HEP and IBM, she'd always protect IBM - today, her eyes opened up. I hope you see what's going on as well. Be careful, plan your career, hedge your... — read more 

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| 1981 views | | 4 replies (last February 14, 2018)
Post ID: @OP+RImwuLg

Laid off today (I refuse the RA term)

My last day is 3/1 and will have a 30 day severance payments. COBRA standard, benefits for three months. They help the transition with a $2.5K edu payment (oh well, let me learn something). The call was under 5 minutes. Cold. Detached. After 21 years... — read more 

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| 3240 views | | 10 replies (last February 15, 2018)
Post ID: @OP+RI3MtFM

Just got RA'd

Knew it was coming, now it's official. Got great work reviews, created a product that was lucrative.. didn't matter. brutal.

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| 2690 views | | 7 replies (last June 23, 2018)
Post ID: @OP+RInApC4

Tech Giants Are in No Rush to Spend Overseas Cash

Martin Schroeter, vice president at International Business Machines Corp. , said the company is “absolutely delighted” about the tax law—then cautioned it wouldn’t result in any immediate changes to spending. IBM, PayPal and Intel declined to comment... — read more 

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| 952 views | | 2 replies (last February 13, 2018)
Post ID: @OP+RIXcN1m

Glassdoor Reviews

I just looked at IBM reviews on Glassdoor. I want to work at the make believe IBM those people are hallucinating about, not the real one I have to look at every day.

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| 1630 views | | 9 replies (last February 13, 2018)
Post ID: @OP+RHepHsT

I just heard RA

Well I over heard a first line manager saying Monday RA

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| 4000 views | | 21 replies (last February 14, 2018)
Post ID: @OP+REw2GM1

Anti-China bill being softened after U.S. companies complain

“Certain American companies need to decide whose national security they really care about: America’s or China‘s?” Pittenger said. CFIUS has become more cautious since Trump was inaugurated a year ago amid growing political and economic tensions... — read more 

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| 770 views | | no replies yet
Post ID: @OP+REBSsGC

FastStart and RAs

The theory has been that RAs would happen before folks are approved to book travel for FastStart training in Vegas next week. We were told travel approvals would be sent this week, so I figured the stuff would hit the fan in conjunction with that... — read more 

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| 1940 views | | 6 replies (last February 10, 2018)
Post ID: @OP+RDUN8Hp

Just when you thought IBM couldn't sink lower.

This one's beautiful.... offer voluntary redundancies (at statutory minimum payout of course) then at the 11th hour, retract the offer. Hey presto, most employees concerned find employment elsewhere and IBM save a bundle on redundancy pay. I wonder... — read more 

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| 1960 views | | 5 replies (last February 9, 2018)
Post ID: @OP+RBGdIMD

IBM Tax breaks for Employees?

I looked in vain for IBM on this list. I knew it was in vain, but there's always blind hope. h++ps://atr.org/list. I'm sure any tax windfalls IBM sees will line more pockets of the execs who are destroying the company.

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| 1310 views | | 1 reply (February 2, 2018)
Post ID: @OP+RwFtYzr

U.S. Companies Brace for Wider Scrutiny of Chinese Deals

Looks like we can expect IBM to be reporting "headwinds in overseas markets", or similar, as a contributor to their future quarterly misses. https://www.wsj.com/articles/u-s-companies-brace-for-wider-scrutiny-of-chinese-deals-1517230800 Bill to... — read more 

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| 940 views | | 1 reply (February 1, 2018)
Post ID: @OP+Rw8uNfi

IBMPolicy (@IBMpolicy) | Twitter

Lots of tweets focusing on Ginni at Davos and about the imperiled Dreamers. I wonder how many tweets there'll be about all the loyal, hard-working, American citizen IBMers that are getting canned, lives destroyed, when the next RA strikes?... — read more 

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| 970 views | | 2 replies (last February 1, 2018)
Post ID: @OP+Rwtyx37

Layoffs after IBM THINK conference

Select layoffs (as in the past to stay under the media notice wire) likely to occur just after IBM THINK conference. Just wanted to agree with whomever posted this. I highly doubt there will be these huge layoffs mentioned in a few posts, but this... — read more 

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| 2860 views | | 7 replies (last February 9, 2018)
Post ID: @OP+RtgeZ4V

Ginni Rometty, Tim Cook, Mark Zuckerberg, Jeff Bezos and other tech CEOs warn of 'significant costs' and 'disruptions' if Congress doesn't save

"But business leaders have a message for Congress: Pass a law to save DACA Dreamers by January 18 or you will be causing US companies a lot of disruption and expense." ". . .a lot of disruption and expense." Really? At last official count, there were... — read more 

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| 1500 views | | 8 replies (last July 13, 2020)
Post ID: @OP+Rt43WCT

IBM W2

When does IBM usually send out W2s for folks who are not with IBM. I'd like to see if I can get a paper copy of my W2 form for the last year...

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| 1460 views | | 4 replies (last February 13, 2018)
Post ID: @OP+RqwiEdn

Right-sizing Happening Now

An exec just said blatantly in a pretty large all-hands call (sales/tech sales) that there is currently a right-sizing exercise going on in IBM and it will affect everyone (all orgs). No other details given, other than it will be discussed in each... — read more 

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| 3430 views | | 9 replies (last February 5, 2018)
Post ID: @OP+RpJpUuC

(IBM) on Q4 2017 Results - Earnings Call Transcript

A registration is required to access all of it, but here's the relevant highlight (lowlight): "As always, we'll look for more productivity in our spend base, especially in our Services business, where we'll continue to remix our skills to new... — read more 

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| 1063 views | | no replies yet
Post ID: @OP+Ro3Xdd2

Fast start really what a joke

Ok so I just started my training for fast start but just got a cheet sheet for a manager there passing it around so not to worry just ask you can go party in Vegas

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| 1212 views | | 4 replies (last January 31, 2018)
Post ID: @OP+Rnl4mVK

Ginni at Davos 2018

Guessing no RA's this week, since Ginni's in Davos and it would be terrible optics. So perhaps next week. . . https://qz.com/1184584/the-list-of-davos-attendees-for-2018/

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| 1060 views | | 2 replies (last January 23, 2018)
Post ID: @OP+RnQYEGc

IBM's Cash Repatriation Strategy

I believe the real thing to look at is the 5.5 billion charge taken in 4th q. What does that equate to. 5.5/.15 repatriation charge = 36.666 billion. Now IBM always had access to the 36 billion of cash, and said as much during the CFO call just after... — read more 

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| 1410 views | | 3 replies (last January 23, 2018)
Post ID: @OP+RmXRlLr

Rate Ginny

While everyone is waiting for the RA in a few weeks, take a few minutes to go to glassdoor.com and provide an anonymous review of your experience at IBM. It's a pretty quick process and it also gives you a chance to give thumbs up or down on the CEO... — read more 

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| 932 views | | 3 replies (last January 23, 2018)
Post ID: @OP+Rmnhzmq

Ex-IBM Employee Sentenced for Stealing Secrets for China

With all the off-shoring, near-shoring, and H-1B's, no doubt this is only the tip of the iceberg of IP that is being stolen from Big Bleu by non-U.S. citizens. https://americansecuritytoday.com/ex-ibm-employee-sentenced-stealing-secrets-china/

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| 730 views | | 1 reply (January 22, 2018)
Post ID: @OP+Rm2pdYu

IBM could struggle just to meet its disappointing outlook

"IBM IBM, -0.17% shares started falling late Thursday and dropped 4% to close at $162.37 Friday, after the company offered a disappointing outlook along with an earnings beat and return to revenue growth following 22 straight quarters of declines... — read more 

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| 1120 views | | no replies yet
Post ID: @OP+RkRvcnF

2018, the year of Reorgs, Layoffs and Taxes

Do the leaked possible reorganization and potential layoffs of much IBM staff and layoffs figure into IBM's projection of flat earnings per share for 2018? Not something they will advertise in advance on their earnings call. However, severance costs... — read more 

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| 1954 views | | 1 reply (January 21, 2018)
Post ID: @OP+RjIBldG

Trouble Ahead??

Here is the WSJ coverage today... The source link is below but it's paywalled... IBM’s Growth Comes at a Cost Aging tech giant’s revenue finally rises, but investments expected to curb earnings growth for year ahead By Dan Gallagher Jan. 19, 2018... — read more 

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| 1190 views | | 3 replies (last January 19, 2018)
Post ID: @OP+RjdWcWi

Breathe Easy (for a month)

I've been told that the RA has been moved to next month, due to bad optics too close to the tax cut and other corporations handing out raises and bonuses, and more time needed to flesh out the org changes and assignments.

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| 1155 views | | 2 replies (last January 19, 2018)
Post ID: @OP+RjzHnUi

The old IBM must be off loaded!

Earnings came in almost exactly where everyone expected. Mainframe gave us a bump, and will continue on for at least 2 more quarters. Services were disappointing THUS the merger of GTS/GBS. (Eg we are going to move the 120 billion in backlog to the... — read more 

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| 1214 views | | 1 reply (January 19, 2018)
Post ID: @OP+Rj71mNp

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