https://www.theregister.co.uk/2017/05/08/ibm_teleworking_is_great_for_everyone_but_us/ Big Blue thinks companies should do the thing it absolutely refuses to do IBM, the company that just weeks ago said it was doing away with its work-from-home... — read more
FTEs per Manager
When I was hired at IBM (2011) my 'business direction' manager had 5 FTE's reporting to her. As of today, only 1 remains - 2 were pushed out (over 50 with 15+ years ) and replaced with a contractor, the other was moved to a new account to avoid being... — read more
IBM Shares Down 10% In Last Month
Two things happened at IBM in the last quarter that Wall St. does not like. The first was poor financial performance. The other was an attempt by Ginni Rometty, IBM chairman, president and chief executive officer to make the numbers look better than... — read more
Managers?
If managers have not been getting laid off until now, what have they been doing with no one to manage?
Leaving IBM
I'm turning in my notice shortly. I am wondering if there are any gotchas or quirks specific to IBM throughout the "leaving" process that I should be aware of. Any helpful tips/hints/gotchas would be very much appreciated!!
Buffett Says His IBM Thesis Was Flawed, He Blew It on Google
Just including the highlight (lowlights. . .) excerpts below the article. https://www.bloomberg.com/news/articles/2017-05-06/buffett-says-thesis-was-flawed-on-ibm-he-blew-it-missing-google Warren Buffett, who long shunned investments in technology... — read more
26 percent
Since she became CEO in January 2012, revenue has declined more than 26 percent
IBM to sell GTS
I heard ramblings prior to being rAd of a GTS sell off, with the latest mass exodus of cuts to contractors and in parralel clients electing not to resign for essential service solutions, the rumour seems to be coming to fruition... at this point its... — read more
Some IBM shareholders are losing patience with Rometty's big salary
http://www.cnbc.com/2017/05/05/ibm-shareholders-criticize-rometty-salary.html IBM shareholders narrowly approved a pay increase for CEO Ginni Rometty recently Rometty is among the top-paid CEOs in the S&P 500, but IBM has underperformed its peers... — read more
Kaiser layoffs
This week the joy at IBM contractors on the kaiser account were let it go on my team on Tuesday. They were then called Wednesday morning and told it was a mistake. Today came around and the same contractors were then let go. It's amazing let go twice... — read more
3 Small, Strong Competitors Are Why Buffett Should Dump IBM
https://www.forbes.com/sites/petercohan/2017/05/05/3-small-strong-competitors-are-why-buffett-should-dump-ibm/#600be42a74bb Warren Buffett has dumped a chunk of his IBM stock -- citing Big Blue's "big strong competitors." While he's right that IBM... — read more
I was Resource Actioned yesterday
Many contractors in SO Delivery (Strategic Outsourced Delivery). I was an Intel resource as were several other cuts from my team yesterday and today. Last day is may 31st. My Vendor, Randstad, said they had a list of 300 names come in today to be... — read more
GTS Canada Layoffs
This week GBS in Canada let go about 220 contractors - most of the cuts took part on Monday, even some were let go on Tue and Wed. By Wednesday it was over... Now we have a situation where we are left with under 50% FTE per skill (e.g., Unix, etc.)... — read more
Losing Buffett: Why is the Board sleeping through all this?
Who are they representing other themselves. If I was to lose one of my major accounts, I'd be fired in a snap. Not to mention losing my biggest account... That's exactly what happened here, Ginni lost her biggest account...
TBmG
I bet that all of the TBmG (True Blue mini-Ginnis) at the conference in Hawaii right now are listening to Ginni tell them that they need to do whatever it takes to get Warren Buffet back in the boat.
What's IBM about? (2017 Edition)
Add your one-liner below...
"What is the mood in IBM offices now?"
It's ugly. Execs are panicking and putting extreme pressure on everyone below them, and it's going right down the line in management to the grunts. Managers are panicking because the big rumor is that the next big cut (soon) will have a lot of... — read more
The Story of Declining IBM Revenue
IBM Annual Revenue in Billions (USD) ====================================== (2011) $106.9 (2012) $102.9 (2013) $98.4 (2014) $92.8 (2015) $81.7 (2016) $79.9 (2017*) $78.3 (2018*) $78.2 Note: * Estimated
Dinosaur Tech
Made my decision today, sayonara... Resume posted, Linkedin updated...
Warren Buffet Sells 33% of his IBM Stake
This will get Ginni fired, mark my words - she has less than 90 days... ============ Financial Times: Warren Buffett’s Berkshire Hathaway sells a third of IBM stake https://www.ft.com/content/d986ce50-3143-11e7-9555-23ef563ecf9a Reuters: Warren... — read more
Change.org petition against Gimmi
Hi All, let us not tolerate what is going on unless it is not late. let us show how many of us think SHE MUST GO. https://www.change.org/p/ibm-employees-and-shareholders-ibm-ceo-ginni-rometty-must-abdicate
Project Manager (Contractor)
Sub-contractor PM notified today will last day. No notice or transition. T&T, Account Team, and Project teams all were unaware (as was I, of course). Told it was a "Contract Cost Takeout" by my contract firm.
Apparently there is hope for IBM...
if AWS keeps making hires like this then their business will go down the tubes just like when these folks were at IBM https://twitter.com/sandy_carter/status/859062712885792772
As Buffett Dumps IBM Shares, Board Needs to Oust Ginni Rometty
In the first quarter of this year, IBM’s revenue fell 3% to $18.2 billion. Earnings fell 11% to $1.85 per share. Rometty said: “In the first quarter, both the IBM Cloud and our cognitive solutions again grew strongly, which fueled robust performance... — read more
How Warren Buffett’s IBM Sale Hurts the Dow and Hurts Ginni Rometty
Hilarious! http://247wallst.com/technology-3/2017/05/05/how-warren-buffetts-ibm-sale-hurts-the-dow-and-hurts-ginni-rometty/ "Buffett also told CNBC that Rometty asked if he had sold shares, as she had gotten reports that Buffett was selling his... — read more
No More Quarters
We who are still IBM employees don't think one quarter at a time the way Ginni does. Talking about "20 quarters of decline" is misleading. Let's tell it like it is - it's been 5 YEARS of non-stop decline. She has been failing for 5 YEARS. Good... — read more
Buffett Bails
The Oracle of Omaha admitted that in the first quarter of 2017 he sold 1/3 of his holdings in IBM which had grown to be about 81 million shares over the last 6 years. 24 - 25 million shares dumped. Tens of thousands have lost their jobs since Ginni... — read more
IBM shares fall after Warren Buffett discloses stake sale ahead of annual meeting
The death knell is tolling. . . http://www.straitstimes.com/business/ibm-shares-fall-after-warren-buffett-discloses-stake-sale-ahead-of-annual-meeting
Panic At The Disco
IBM continues its self inflicted wounds. Laying off thousands, 90 days to find a transfer job within IBM, oops, not so fast, a sudden hiring freeze ends that charade. Release contractors, no new contractors. So how can IBM function to turn things... — read more
When will Ginni Rometty be FORCED TO RETIRE
IBM Senior Executives are supposed to retire/leave at age 60. Ginni is there and IBM needs her gone. IBM needs some young new blood in the Senior Executive levels and the current wave of Senior Executives jumping from the sinking ship, IBM, proves... — read more
Good post comparing Oracle to 1985 IBM
See it here @N7m9jM9 or here https://www.thelayoff.com/t/N7m9jM9
Toppling the Idol of 'Shareholder Value'
Sounds like a spot-on assessment of Big Bleu. And be sure to check-out the article the author references from the Harvard Business Review too: https://hbr.org/2017/05/managing-for-the-long-term#the-ceo-view-defending-a-good-company-from-bad-investors... — read more
Moody's downgrades IBM ratings by one notch to A1
http://www.marketwatch.com/story/moodys-downgrades-ibm-ratings-by-one-notch-to-a1-2017-05-03 Moody's Investors Service downgraded IBM Corp.'s IBM, +0.04% Aa3 rating by one notch to A1 and revised its outlook to stable from negative. "Despite still... — read more
IBM Australia lost 1000 staff in 2016
https://www.crn.com.au/news/ibm-australia-lost-1000-staff-in-2016-460167 IBM Australia's headcount plummeted by 1000 people in a single year, during which revenue and profit also fell. Records filed with Australia's corporate regulator show that IBM... — read more
Verizon Cloud and Managed Hosting Service Acquired by IBM
They are talking about it on VZ's board here @N5HTMZj or here https://www.thelayoff.com/t/N5HTMZj It's a major s---er though
Is it Ginni or Ginny?
I see people using both, which is it?
T2R Program just annonced.
Transition 2 Retirement is back. If Ginni & her cronies don't receive enough members into this program, they'll just RA the folks anyway.
All future IBM CEOs and managers should be innovative
Dear Warren Buffet, IBM's incoming Lou Gerstner should cut a layer or two of non-technical middle management. This includes personnel, sales, marketing managers who cannot explain technology if their life depended on it. These types are easy to... — read more
75% Layoff (2010 Rumor)
Do you remember this rumor about 75% cut by 2017? Link below... Then in April, a story appeared in Personnel Today that quoted Tim Ringo, head of IBM Human Capital Management, as saying that IBM could - notice the word could - reduce its workforce to... — read more
Hiring Freeze
typical modus operandi at IBM. people interviewing and now being told company wide hiring freeze. no answer on how long. Any recent RAs....no u r not getting a job within that 90 days. requires ginnis cfos sign off...lol yeah right