Topics regarding layoffs at IBM

Topics regarding layoffs at IBM

IBM shares dropped like a rock today

"As the Motley Fool noted, the miss and resulting tumble erased nearly $9 billion from IBM’s market capitalization and brought the Dow Jones Industrial Average down by 64 points. . . . So gross margins are putting pressure on a business that needs to... — read more 

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| 728 views | | 1 reply (April 21, 2017)
Post ID: @OP+MUvxEaw

IBM to exit ALL hardware business

This needs to happen ASAP if IBM wants to survive. Hardware is bleeding money left and right, it's time to go (it's overdue though)...

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| 1302 views | | 1 reply (April 20, 2017)
Post ID: @OP+MTHoSWf

As Watson Falters, IBM Needs to Replace CEO Rometty

Pulling no punches! It's time to put Ginni out to pasture. And maybe even get some activist investors involved to leverage a hostile takeover. http://247wallst.com/technology-3/2017/04/19/as-watson-falters-ibm-needs-to-replace-ceo-rometty/... — read more 

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| 880 views | | 1 reply (April 20, 2017)
Post ID: @OP+MT0ss7D

The reason for IBM's performance

The company needs to get back to basics. Thomas Watson Jr. held IBM’s three basic beliefs; 1- Respect for the individual 2- superlative customer service 3- the pursuit of excellence in all tasks

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| 850 views | | 6 replies (last April 26, 2017)
Post ID: @OP+MSHu1HA

Bob’s Big Picture technology predictions for 2017

After this 1Q17 results announcement, it's well worth re-familiarizing one's self with Cringely's #6 Prediction, which he proclaimed in 1/2017: http://www.cringely.com/2017/01/09/15395/ "Prediction #6 — Come-to-Jesus time for IBM. The most important... — read more 

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| 1320 views | | 1 reply (April 19, 2017)
Post ID: @OP+MSPlblZ

IBM CFO says he's 'confident' that IBM will grow again

Amusing quotes for sure! http://www.cnbc.com/2017/04/18/ibm-cfo-says-hes-confident-that-ibm-will-grow-again.html "'The portfolio will grow. I am confident that the IBM company will grow again,' Schroeter said. 'We're taking time to make sure we... — read more 

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| 643 views | | 1 reply (April 20, 2017)
Post ID: @OP+MSNiAUM

Share price

Look at the share price right now: $161. It's ~$10 drop from yesterday or even earlier this morning. http://www.marketwatch.com/investing/stock/ibm

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| 531 views | | 2 replies (last April 18, 2017)
Post ID: @OP+MRd8TO7

Way to Go! Twenty quarters!

Way to go Ginny! You have yet again broken your own record string of falling revenue quarter by quarter. This while employees are being laid off, jumping off of buildings and hired from offshore for longer than most millenials have been alive . Must... — read more 

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| 940 views | | 7 replies (last April 22, 2017)
Post ID: @OP+MRcZ0SC

Investors Are Giving IBM Too Much Credit

https://www.wsj.com/articles/investors-are-giving-ibm-too-much-credit-1492456825 International Business Machines Corp. needs to prove there is substance behind its big rally. Given the company’s stagnating fundamentals, that might be hard to do. Big... — read more 

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| 572 views | | 1 reply (April 18, 2017)
Post ID: @OP+MRe7u0U

IBM Shares Stumble Ahead of Earnings

First quoted paragraph below encapsulates it perfectly, but the whole article is worth reading. Can't wait to see how IBM massages their 1Q17 results. http://247wallst.com/technology-3/2017/04/15/ibm-shares-stumble-ahead-of-earnings/ "Wall Street... — read more 

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| 860 views | | no replies yet
Post ID: @OP+MOVrTrF

Currently on LTD

Been with the company 16 years, currently on LTD, which is hell in itself. They may get away with giving me no severance package. Treated poorly by my manager and the executives the entire time. Started as a physical injury and turned into depression... — read more 

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| 1160 views | | 2 replies (last April 17, 2017)
Post ID: @OP+MMmdD88

Watching IBM Post

Watching IBM has received a number of messages related to this incident. Our thoughts go out to the family. Please post anon. There was an incident today at the IBM Canada headquarters, at 3600 Steeles. In what appears to be a suicide, a man jumped... — read more 

Kenya’s Tech Hub Gets a Makeover

"International Business Machines Corp. is training hundreds of Kenyan coders in Nairobi each year;" Sounds like they've been ramping-up yet another low-cost, offshore, workforce for awhile now... — read more 

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| 948 views | | 1 reply (April 12, 2017)
Post ID: @OP+MLrJXH7

Ancient programming language COBOL can make you bank, literally

Something potentially positive if you're a COBOL programmer who was recently RA'd or had been RA'd at some point previous. . . https://thenextweb.com/finance/2017/04/10/ancient-programming-language-cobol-can-make-you-bank-literally/

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| 620 views | | no replies yet
Post ID: @OP+MKvIrLt

IBM bear says free cash flow is overstated

A downward trend on the horizon. . . https://seekingalpha.com/news/3256406-ibm-bear-says-free-cash-flow-overstated "Apr. 10, 2017 12:40 PM ET After pulling out one-time items like a lower tax rate, Bernstein’s Toni Sacconaghi figures IBM's 2016 free... — read more 

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| 747 views | | no replies yet
Post ID: @OP+MKcFjvf

IBM is run on quarterly basis

Associating with IBM is a waste of valuable time in an IT professional's career. Now, the organization is run on quarterly basis. They have also started layoffs in IBM India. They retain people only in lower bands or people with avg salary less than... — read more 

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| 1720 views | | 6 replies (last April 18, 2017)
Post ID: @OP+MJNh2JK

Credit Suisse forecast of IBM stock

Remember: 1Q17 results announced on 4/18. . . http://247wallst.com/investing/2017/04/08/credit-suisse-has-6-contrarian-stocks-that-could-fall-bigly/2/ "IBM This blue chip leader has had a solid rebound over the past year. International Business... — read more 

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| 876 views | | no replies yet
Post ID: @OP+MIHQGz8

California / Vacation Payout

Does anyone live in California? What happens to your vacation? I was under the impression that "if you don't use it, you lose it", but I read that, that was against the law. I had more than 2 weeks from last year which I thought I lost and more... — read more 

How artificial intelligence will affect your job

Don't worry, we're all being watched and tracked and everything we do is being recorded. "Products from Entelo, International Business Machines Corp. IBM, +0.01% and Workday, WDAY, -0.04% as well as Microsoft Corp.’s MSFT, +0.27% internal management... — read more 

Why no managers or executives

Why are no managers or executives let go? They are the ones making the constant decisions on how the reorgs take place, change the comp plans and are doing nothing to motivate employees. These employees make more money then the sellers themselves... — read more 

IBM RA today? [Reddit thread]

Another RA thread, this time from Reddit with some more reports on areas & amounts impacted -- https://www.reddit.com/r/IBM/comments/62edgg/ibm_ra_today/

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| 1481 views | | 1 reply (April 5, 2017)
Post ID: @OP+MD90NWE

Now they want me to work???

Got cut on 3/30. Cloud Sales Operations. 29 years of service, 55 years old. The worst thing is that I lost my retirement 16 years ago when they changed the retirement plan. Missed the age cutoff by 6 months - I was 39-1/2 when you had to be 40 to get... — read more 

The Watson family should be ashamed

if i were the watson family...I would sue IBM to get the family name out of this business and off these overhyped useless products. the legacy will soon be "Watson killed IBM" and so did ginni and the board

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| 560 views | | no replies yet
Post ID: @OP+MD6gUZm

Laid Off From GBS Last Friday

Have been on the Xcel Energy project since beginning of the year and was supposed to be on it until year end. So I was billable and making money for IBM, yet I get laid off. What sense does that make??? Also on the 90/30 plan, though I already have... — read more 

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| 1470 views | | 4 replies (last April 11, 2017)
Post ID: @OP+MDy368N

We all got RA'd - Entire Department

30 years at IBM, STS Division, approximately 26-28 employees - rumor was we were all going to be co-located. Didn't happen - we all got RA'd - entire dept. I cut my manager off on our phone convo after 1minute of her reading from a script. Told her... — read more 

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| 1770 views | | 3 replies (last April 16, 2017)
Post ID: @OP+MDsYKH6

Got Let Go Today

Also in Bill Kribbs (VP) organization, got the call on Friday. 55 years old, 90/30 plan. Happy it is done. Going to do some contracting and will make more money and I will be happier than working for that dumb IBM company, I believe 5 other... — read more 

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| 1050 views | | 1 reply (April 4, 2017)
Post ID: @OP+MD9vOZy

Changed sales and technical sales commission targets

IBM revamped it's sales and technical sales commission targets to be based on employee salary. That approach allowed IBM to target senior, higher earning, employees by positioning them in accounts that had zero or low history of purchase and thus... — read more 

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| 781 views | | 1 reply (April 11, 2017)
Post ID: @OP+MDX9Lbb

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