https://www.ft.com/content/bb996cec-94bb-11e6-a80e-bcd69f323a8b "At $19.2bn, revenues at the US IT company were only $54m lower in the third quarter than a year before, and ahead of the $19bn most analysts had been expecting. Earnings also topped... — read more
Just got fired from IBM today.
Just got fired from IBM today. I'm 64 and so was expecting the axe to fall at any time. All the people who are my age are either being let go or retiring, IBM seems to want younger, cheaper employees as a conscious policy.
Taken from HP page here on layoffs dot com
https://www.linkedin.com/pulse/6-things-id-do-i-got-laid-off-ibm-j-t-o-donnell?trk=mp-reader-card For the ones that voluntarily decide to stay... NO ONE is safe at HPE. No matter how "business critical" you think you and/or your role are, you are... — read more
IBM Revenue, Profit Keep Going Down
All four major financial web sites have this as a top story. As for us - we'll feel the pain again. And, the dividends will keep coming for sure, stock buybacks will continue and Ginni Rometty will continue to unload massive piles of cash for her... — read more
10 Blue-Chip Stocks You Should Sell Right Now
Just in case it wasn't on everyone's to-do list for Mon. morning, 10/17 before IBM announces 3Q Results later in the afternoon, here's a reminder: http://investorplace.com/2016/10/blue-chip-stocks-to-sell-right-now/view-all/ "International Business... — read more
IBM Brand Value Collapses 19%
http://247wallst.com/technology-3/2016/10/05/ibm-brand-value-collapses-19/ "The failure of IBM's turnaround continues to smother the business. IBM's shares are off 17% in the past two years, against a 9% improvement in the S&P 500. IBM's revenue in... — read more
Revenue Slide
https://pbs.twimg.com/media/Cug_es6VIAAdBR1.png:large
The layoffs of 1993 and great Pension Fiasco of 1999
I am relatively new to IBM (3 yr) - someone in a thread below mentioned "The layoffs of 1993 and great Pension Fiasco of 1999" - would one of you who have been around for a while be able to shine more light on the two events mentioned here? I am... — read more
This week's (and it's early folks!) IBM Screwup
Again, here's what happens when you fire your experienced, dedicated, knowledgeable staff in order to save money and replace them with off shore and on shore inexperienced workers with bogus degrees. This is the price you pay. IBM customers, caveat... — read more
IBM was not a "horrible" place to work for me.
IBM was not a "horrible" place to work for me. I got to work with a lot of very smart, talented folks. And I had several managers that helped me stay on through a series of medical issues that took me out for months at a time. No medical leave and I... — read more
IBM Germany sends redundancy letters to 600 workers
IBM Germany has sent redundancy notices to around 600 employees. This was the first series of forced redundancies in IBM Germany's history. Previously, the company has used voluntary redundancies to reduce its workforce. IBM said the job cuts were... — read more
IBM Australia staffer blames ageism for unfair dismissal
Former IBM senior portfolio marketing professional Jack Verdins is demanding $347,889 in compensation after being made redundant following a 36-year career with the company. IBM handed Verdins his notice on 7 March, saying a restructure of the... — read more
After 32 years...
I was part of a 2015 deal (that went through Ginni's office after a press comment) that netted IBM a pretty penny. I expected some reflection on my 2015 performance... The two reps on the deal got to go to Hawaii. I got a PIP then RA'd. It's a cheap... — read more
Bad News for IBM Hybrid Cloud
This is not good for IBM's hybrid cloud ambitions: http://www.theregister.co.uk/2016/10/06/aws_has_a_lousy_hybrid_cloud_story_vmware_might_fix_that_soon/
The Game is Rigged
Another H1B Rant (for Cognizant, but there is reference to IBM): https://www.thelayoff.com/t/EjgnJOS or @EjgnJOS
IBM Makes Clients Pay the Price
I'm betting that Ginni's paycheck is correct every time. http://ipolitics.ca/2016/10/05/australian-case-similar-to-phoenix-pay-debacle-wasnt-on-governments-radar/
The PIPs are coming...
Looks like IBM figured out how to get a new wave of people out before they have to pay the 401k match on Dec 15. Employees are reporting that they are being placed on Performance Improvement Plans (PIPs) for 30 days. No improvement equals fired. Same... — read more
IBM Stock History: 1 Chart You Have to See
http://www.fool.com/investing/2016/10/03/ibm-stock-history-1-chart-you-have-to-see.aspx "IBM missed the boat on the ongoing revolutions in mobile and cloud computing, and it's been scrambling to adjust to the changing technology landscape ever since... — read more
Unica 9.1 Implementation
One of the many things that you will never hear a word about is the implementation of Unica 9.1 by the various divisions on IBM. The final cut over from the old version (7.5) to the new version is the end of the month and its going to be a disaster... — read more
IBM makes meek apology for Oz #CensusFail, offers no fail detail
IBM skipped the part for RCA for prolong outages http://www.theregister.co.uk/2016/08/11/ibm_makes_meek_apology_for_oz_censusfail_offers_no_fail_detail/
Yet another IBM screwup
This one has national security implications for Australia. I know IBM has been screwing up at the US Customs & Border Patrol account for many years. This is the result of demoralizing and purging your most skilled employees:... — read more
More IBM Screwups
The list keeps growing. Keep in mind, you'll only ever hear about the government ones, due to disclosure rules. All of the corporations that IBM causes outages in don't report their production outages and failed projects caused by IBM, because it's... — read more
GBS To Be Sold Off
The current rumor is that GBS is being shaped up to be sold off. The growth units are starting to take shape and earn revenue, but those figures aren't being earned in GBS. Additionally, a lot of the GBS work is now being done by the respective... — read more
Comparing Contractor vs Employee
Would someone be able to give me some insight on what an IBM regular employee gets for health insurance? Also if you can compare a regular employee pay vs contractor pay, bonuses etc... I've been a contractor that just got promoted to a fairly... — read more
IT workers brace for outsourcing, layoffs at health insurer
http://www.computerworld.com/article/3122431/it-outsourcing/it-workers-brace-for-outsourcing-layoffs-at-health-insurer.html Employees anticipate that the IT work will be moved offshore, and that they will be training their replacements. They are... — read more
Heads roll at IBM for Census debacle, say reports
http://www.cio.com.au/article/607239/heads-roll-ibm-census-debacle-say-reports/
Rumors About November 2016 Resource Action
Rumor has another round of RA in November, and then a re-organization and RA in January. Focus is likely to be on areas like world-wide technical sales, among other areas, and finally getting around to culling the managers, who are now managing fewer... — read more
I was RAd in 2015 after 36 years.
I knew it was coming, so I offered myself up for the 6 months severance pay day which worked well for me. I can confirm though the prior comments are all true. After 36 years and holding a senior position myself, & also knowing a lot of very senior... — read more
IBM Resource Action 2017
I will be the first one to start it – let’s talk about IBM Resource Action for 2017. I know that there are some rumors already floating around, but let’s consolidate things in this thread. In short I’d like to address the following: Timing of... — read more
Posted on Watching IBM
Please post this anon in reply to Steve Bynes post in the thread posted on Friday at 1:39 pm I contacted a hiring manager regarding a role that I found in GOM for which I am extremely and uniquely qualified for. I met all of the requirements which... — read more
H-1B bill pulled from House committee vote amid complaints
http://www.computerworld.com/article/3120307/h1b/h-1b-bill-pulled-from-house-committee-vote-amid-complaints.html
CEOs of biggest U.S. firms less optimistic about economy
http://www.marketwatch.com/story/ceos-of-biggest-us-firms-less-optimistic-about-economy-2016-09-12 "The Business Roundtable, a lobby group for the largest companies in the U.S., said on Monday its survey of top executives fell in the third quarter... — read more
IBM Raises - September 2016
Looking at: w3-01.ibm.com/hr/web/us/compensation/index.html Now, I see this: "Beginning in 2016 we will have one salary program effective September 1. ..." Does anyone know if this means raises will now be on Sept 1 and not at the end of year? I have... — read more
IBM Needs to Come Clean About Its Cloud Business
http://www.barrons.com/articles/ibm-needs-to-come-clean-about-its-cloud-business-1471060946 "Amazon is widely considered No. 1 in cloud. But the lack of information from other contenders means industry analysts must compile their own estimates of... — read more
Judge tosses suits over IBM sale to GlobalFoundries
http://www.timesunion.com/local/article/Judge-tosses-suits-over-IBM-sale-to-9209767.php "However, the federal judge overseeing the case, U.S. District Judge William Pauley III, ruled on Wednesday in dismissing the two cases that IBM executives were... — read more
Google buying Apigee today is more bad news for IBM.
Apigee had already been taking lots of API business (and technical people) away from IBM, as they have the better API cloud product, but now they have that plus corporate viability. There goes even more IBM revenue, and of course will mean associated... — read more
IBM loses chunky ATM contract, reaches for staff eject button
http://www.theregister.co.uk/2016/09/07/ibm_loses_atm_contract_warns_tss_job_cuts_layoffs/
Caterpillar Hires H-1B Foreign Graduates, Fires 300 American Professionals
I know it's not IBM but the H1B visa abuse is affecting everyone http://www.breitbart.com/2016-presidential-race/2016/09/06/caterpillar-hires-h-1b-foreign-graduates-fires-300-american-professionals/
https://www.youtube.com/watch?v=yYOy0RQl_HU
https://www.youtube.com/watch?v=yYOy0RQl_HU