Are there any RA going on this Thursday?
Bob Evans (CW): IBM Shocker: Q4 Cloud Growth Plummets to 8%
https://cloudwars.co/ibm/ibm-shocker-q4-cloud-growth-plummets-to-8/
Layoffs not needed when Attrition from no GDP
Another year, another year of no GDP. It’s almost comical that IBM wants a high performance culture yet doesn’t do jack for it’s high performance employees. Looks like no GDP will create more high performers to walk....maybe save some from layoffs... — read more
Former ÏBM Canada employee willing to help others wondering about their options following an RA
Have you been ReAd or terminated by IBM Canada. Do you need advise to understand your true options including engaging a lawyer. I have been through this process and have learned so much through my personal experience and spending over 200 hours... — read more
IBM NewCo: The Devil Is in the Details
Examining all the devils in the details of this NewCo strategy of IBM will take a few minutes to read! It is not for the faint of heart. IBM announced its latest spin-off strategy with this statement: “IBM and NewCo will have a strong strategic... — read more
IBM closed its China Research Lab
https://syncedreview.com/2021/01/25/ibm-closes-china-research-laboratory/
Hall of Shame
Who is the most useless Executive at IBM?
Jim Chanos - Legendary Short Seller: IBM is the anti-cloud company. Earning projections are an Accounting Scam.
Excerpt writeups from interview in @OP+195yVxtd's post below: Someone on Wall Street decides to tell the truth about IBM's precarious business situation and likely falling stock price in 2021 and beyond. Chanos: IBM is the anti-cloud company. — read more
Jim Chanos discussing his short position in IBM.
https://app.hedgeye.com/insights/94584-jim-chanos-ibm-the-ultimate-value-trap?type=macro%2Chedgeye-tv
Estimating IBM 2021 Headcount Reductions
Repost from @tpg+195Y0gy4 – GTS has to get down to approx 90k head count. NOTE not all of GTS will get impacted as GTS does approx 26 billion today, but IBM has said Newco will have revenue of approx 19 billion. GBS has to downsize for the... — read more
Note comment/lie from AK in WSJ
https://www.wsj.com/articles/ibm-simplifies-structure-of-sales-team-11609897139 Not sure which is worse IBM for stating the lie below or WSJ for printing it “The company said its sales team will be trained as part of its continuing education... — read more
$3B set aside for restructuring in 2021
Which divisions do you think will be impacted by the next RA in 2021? GTS will probably see most of the layoffs, but not all of them.
IBM transformation struggles continue with cloud and AI revenue down 4.5%
https://finance.yahoo.com/news/ibm-transformation-struggles-continue-cloud-224300450.html As retired NFL football coach Bill Parcells used to say, referring to his poorly performing teams, "you are what your record says you are." Right now IBM's... — read more
TSS
I am in Costa Rica and not much information is given to us. Is TSS going to the new company?
GTS
Are we going to the new company?
GBS managing consultant in DevOps just got RAed today
I have 2 more months and I’m gone as my current project wraps up. Came in as a CBD consultant in 2016 and got into cloud in 2019 was considered a high performer and was promoted two times. Change of direction was the only reason I got from the... — read more
Bad 4th Qtr Spells RA BIG TIME !
Hold on to your hats IBMers , RA is coming.
As the world turns to big names in cloud and IT to get through the pandemic, IBM still manages to shrink
https://www.theregister.com/2021/01/22/ibm_q4_results/
Union: IBM Germany is planning almost 1,000 layoffs
https://www.no1geekfun.com/union-ibm-germany-is-planning-almost-1000-layoffs/
IBM Austria cuts employees
https://translate.google.com/translate?hl=en&sl=de&u=https://apa.at/news/ibm-oesterreich-baut-mitarbeiter-ab/
Your not alone
You got the boot young and old come here. You wanna be an IBMer .Your miserable ,and would give anything to back there.The ones who complain and trash the company the most ,are the ones even feel stronger about being back there.You come here cause... — read more
The fall of IBM...
https://www.msn.com/en-us/money/companies/ibm-revenue-slide-continues-in-q4-2020/ar-BB1cYyL0 And the slide continues... so are the lies from management!
RA Round 2 Thread
Please update us on which BU/Geo you're in. I've been told there will be a Round 2 tomorrow and I suspect i'm part of it. Thanks.
IBM W2
When can we expect W2s?
CODE DEVELOPERS USA
Is this group safe in US or hit by RA last week
How Gerstner Rebuilt IBM
The timing of Lou's interview is telling. https://www.msn.com/en-us/money/news/how-gerstner-rebuilt-ibm/vi-BB1cT1nF Louis Gerstner, The Carlyle Group senior advisor, discusses the challenges of turning around failing companies and the impact of... — read more
STATUS OF TSS
Are you going to "NEWCO" or experienced RA last week ?
Is IBM waking up from dead?
https://www.fxempire.com/forecasts/article/ibm-waking-up-from-the-dead-694819
Are Checkpoint meetings ambushes for RA meetings?
I just got a meeting invite for Checkpoint for this week. Has anybody else gotten this invite only to find out it was to tell you that you are being let go?
Do I participate in team calls, etc
There are several stand ups / meetings that I have on my calendar. Should I attend those? These aren’t about my projects, but department meetings that hardly ever added any value. Thank you so much.
IBM is no longer a career, it’s a job
How long will you live your life worrying about being layed off by IBM. Surely the associated stress and anxiety will consume you. How about taking control of your own destiny and plan your life/career instead of IBM doing it for you? Do you believe... — read more
Bloomberg Studio 1.0: Former IBM CEO Ginni Rometty
Ginni's exit interview with Bloomberg. Very cozy with a lot of fawning, softball questions. Although a little bit of credit to the interviewer for asking about the decline of IBM under her tenure, which Ginni essentially ducks, but at least the... — read more
This is not working
So IBM gets rid of as many of the people who earn the most money - which means people with the most knowledge and experience are gone. Then they supplement them through offshoring and outsourcing. With people who usually have zero experience and need... — read more
Would Power10 be the last Power?
Power Systems is shrinking at double -digit rate for several years. Perhaps it would be very strange if IBM keeps pouring money into the next Power chip. What do you think would happen to Power Systems and its staff ? Would some player like SAP... — read more
Enough with the cryptic "can confirm" posts
According to the oracle otherwise known as this "anonymous" public website, last Thursday was supposed to be "the big one", remember?! A "bloodbath", will be on the evening news, etc. Then some people say they can "confirm" a new future date, or even... — read more
Separation Letter from 2020
In our highly competitive marketplace, IBM must maintain the flexibility and the skill base to meet the demands of clients operating under extremely challenging business conditions. While we always consider the current environment, IBM is now taking... — read more
RAd on Thursday
I can’t state EU or Dept. I haven’t been able to look at package in detail. I am with a group who are all top performers; feels like I didn’t stand a chance. Had great customer feedback, and met all goals with the exception of maybe didn’t embrace... — read more
HSA Balance - do we keep it upon termination?
Does anyone know if the Health Savings Account balance is ours in case of termination? There is a component contributed by the company, which for 2021 was just deposited. Also, is that the case if we decide to leave the company, versus being let go?... — read more