Please let me know...
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
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
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
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.
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
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.
I just heard RA
Well I over heard a first line manager saying Monday RA
While Ginni fiddles .....IBM BURNS !!
Like the Roman Empire, IBM will also fail.
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
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
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
2018 Prediction #5 — The H-1B visa problem will NOT go away
Cringely's latest: "You see the point of this H-1B reform will be mainly to get rid of the Indian outsourcers so their H-1B slots can be used by American companies hiring directly. It’s for this reason that the Indian companies are hiring U.S... — read more
IBM Benefits Summary
Where can I find this?
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.
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
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
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
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
IBM hasn't been this unimportant to the stock market in at least 40 years
"After providing a disappointing earnings outlook last week, 'Big Blue' now makes up about 0.6 percent of the S&P 500 and has sunk to 35th in the index, according to FactSet. Howard Silverblatt, a senior index analyst at S&P Dow Jones Indices, said... — read more
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...
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
Facebook hires the scientist who helped build IBM Watson to lead A.I. expansion
Oh, how perfect is this! https://www.cnbc.com/2018/01/23/facebook-hires-jerome-pesenti-as-new-vp-of-ai.html
Often critical of Trump's rhetoric, CEOs in Davos have to admit they like what they see
"Some of the CEOs in Davos this week have said they are looking to see what Trump says about trade. Ginny Rometty, IBM's CEO, told CNBC, many of the trade agreements 'need modernization.'" Oh Ginni, we can see what you're couching when you say... — read more
(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
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
Layoff date has been set to March 15
The massive across the board layoff date has been set for March. No one will be spared
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/
The ten biggest US tech companies will top $1 trillion in sales this year
So Big Bleu is in the Top 5 of 2018 sales estimates for large Tech. firms, but decades loyal IBM'ers receiving a paltry raise or, heaven forbid, a well-deserved promotion, is just out of the question. And rigid cost constraints & travel freezes: $78B... — read more
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
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
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/
Ginni Rometty on How AI Is Going to Transform Jobs—All of Them
"Some occupations will go away, and new ones will be created, but even together, those will be a distinct minority of the world’s occupations." "Some occupations will go away. . ." Oh that's rich: "Some." Ginni's way of understating the upcoming... — read more
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
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
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
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.
IBM Ends 22-Straight Quarters of Declining Revenue. But Wall Street Is Unimpressed
"It also didn’t help that IBM’s newly installed CFO James Kavanaugh said during a call with analysts that the company’s earnings per share for 2018 would be 'at least $13.80,' lower than analyst expectations of $13.92. IBM’s 2018 EPS is on par with... — read more
IBM Returns To Growth After Six Years of Hell
https://www.reuters.com/article/us-ibm-results/ibm-returns-to-growth-but-shares-drop-after-recent-rally-idUSKBN1F732Z
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