#ibm

SS&C announced today that it has entered into an agreement to acquire certain Algorithmics and related assets from #IBM.

Algorithmics provides leading #risk #analytic products and services for the #financialservices industry worldwide.

The addition of Algorithmics will extend SS&C's #riskanalytics and regulatory offering. The acquisition is expected to be completed in the fourth quarter, pending the completion of customary closing conditions.

I came across this titled post from four years ago, which seems even more appropriate today. I trimmed it, for readability, but hopefully kept its integrity. I placed the Post ID number below should you wish to investigate It in more detail.

“How AT&T reduced the workforce without public lay-off notices and the implication for other former and current employees tell the same story about how AT&T avoided having to issue lay-off notices as required by the 1988 WARN Act. From one source:
“AT&T has done a number of #outsourcing actions since 2006-ish to different companies include #Accenture, #IBM and #Amdocs. Thousands of employee division in IT, which was outsourced, and continue to date for the most part.”
“No doubt AT&T plans to completely vacate many buildings across US, after their lease(s) expires and the number of employees will continue to dwindle.”

Post ID: @FB8FrWq

As I said, I trimmed the length of this post but this person was talking about outsourcing to other US companies like IBM, skirting the WARN Act (except California where regulations are tighter) and letting building leases expire in T’s attempt to downsize quietly.

We have discussed these topics many time, mostly as separate issues....this poster tied them all together in just a few paragraphs four years ago just around the time we were being told about the 2020 agenda!

VZ wins...

• Amazon #AMZN -6%

• AMD #AMD -8%

• Nvidia #NVDA -7%

• Intel #INTC -4%

• Facebook #FB -4%

• Netflix #NFLX -8%

• Google #GOOGL -5%

• Apple #AAPL -4%

• Microsoft #MSFT -5%

• IBM #IBM -3%

• AT&T #T -2%

• Verizon #VZ -1%

Happened a few weeks ago, so not new news, but still quite humorous: Mr. Agile left Big Bleu after only a scant few years.

But certainly the biggest, or at least the strangest revelation is this nugget:

"Mr. Previn’s mother, the actor and activist Mia Farrow, announced the move on Twitter. Mr. Previn retweeted the post.

My son @FletcherPrevin is the new, youngest ever CIO of #IBM pic.twitter.com/DAIhm0saQX

— Mia Farrow (@MiaFarrow) May 2, 2017"

I'm sure I'm not the only who wasn't aware that Big Bleu's new CIO is one of Mia Farrow's sons. An interesting connection for sure.

https://blogs.wsj.com/cio/2017/05/03/ibm-chief-information-officer-jeff-smith-leaves-company/

Fletcher Previn has been named chief information officer at International Business Machines Corp.

He replaces CIO Jeff Smith, who “has decided to pursue other opportunities outside IBM,” a spokesperson for the company said in an email.

As a vice president inside IBM’s IT organization, Mr. Previn’s duties included “supporting over 600,000 laptops, 180,000 mobile devices, and the world’s largest deployment of Apple Macs,” according to his LinkedIn profile. He also oversees IBM’s intranet, internal mobile productivity applications and some desktop apps. Before joining IBM in 2006, Mr. Previn managed Walmart.com’s enterprise systems group, according to the profile.

Mr. Previn’s mother, the actor and activist Mia Farrow, announced the move on Twitter. Mr. Previn retweeted the post.

My son @FletcherPrevin is the new, youngest ever CIO of #IBM pic.twitter.com/DAIhm0saQX

— Mia Farrow (@MiaFarrow) May 2, 2017

His appointment comes as IBM continues to try to offset declines in traditional businesses with sales in newer areas like cloud computing and its Watson artificial intelligence unit. The company recorded its 20th consecutive quarter of declining revenue and a 13% drop in quarterly profits when it reported earnings in April.

Mr. Smith joined IBM in the middle of 2014 with a desire to practice Agile software development and project management at scale. He oversaw a 20,000-person global IT group. “The mission is to have innovation and the speed of small companies … and see if we can do that at scale,” Mr. Smith told CIO Journal in 2015.

He previously was CEO of Suncorp Business Services, a unit of Australian financial company Suncorp Group. He led a technology transformation at Suncorp at the height of the financial crisis. IBM, a vendor, liked what it saw and brought Mr. Smith on board.

“Jeff’s mantra as CIO is creating an agile culture to drive fundamental change and material benefits for IBM,” says an executive bio for the upcoming MIT Sloan CIO Symposium. “Using the collective wisdom of IBMers to build a new model, Jeff’s organization is creating loosely coupled and tightly aligned teams that have end to end accountability to deliver business value at a pace vastly improved over what IBM has done in the past.”

He implemented an Agile-based structure in February 2015, replacing the old development and run groups with 25 new domains, each with its own leader.

Implementing Agile methods at scale meant more decision making by small, self-directed teams. “The challenge in a big company like this is that I have to abstract myself a bit more. I home in on leadership and culture and let them go solve problems,” he told CIO Journal in 2015.

Good that Shell Oil has fired very excellent performers since the contractors or full timers are no longer needed for Shell and why the Shell company needs to retain such employees.

It is very good that the Shell has fired all under performed employees at #Bangalore. Now it will remove all contractors of #Accenture, #IBM and #Wipro whoever are working at One Shell Plaza and Two Shell Plaza and other offices located in Houston,Texas.

Also it has plans to remove all contractors even in California Shell Office,Malaysia and other Asian locations of Shell.

All full timers and especially contractors need to look for other jobs but looks like they rarely fit for other jobs since the work environment at shell is like a #Government of India where people get huge salaries for not doing any work.

Two issues: how AT&T reduced the workforce without public layoff notices and the implication for other Former and current employees tell the same story about how AT&T avoided having to issue layoff notices as required by the 1988 WARN Act. From one source:

AT&T has done a number of #outsourcing actions since 2006-ish to different companies include #Accenture, #IBM and #Amdocs. Thousands of employee division in IT which was outsourced, and continue to date for the most part. The significance of this? My source indicated Amdocs issued WARN Act notices in California, where they have stricter requirements, but AT&T and contractors avoided having to announce reductions in Other cities where not required,, due to public perception of the company

No doubt AT&T plans to completely vacate many building across US, after their lease expires, in the meantime the numbers of employees at both buildings will continue to dwindle, there you go Layoffs will continue as the leases for buildings expire, obviously nothing to do with job performance.

A 6 year veteran here - it's fairly long #tenure for IBM... No matter how highly you are rated at #IBM or how many years you work for IBM, please do not relax and think for one minute that your job may be secure.

A large number of my friends here at IBM were laid off, so they can move our work to #India, #Philippines and pay a fraction of our salaries to local staff.

When they lay you off you lose your matching #401K funds, they do that on purpose, that's why they are not matching every month...

Anyhow, no respect or value to employees is shown to employees... #IBM is sneaky they send more and more jobs offshore, they bring #H1B folks here - they do not release info on what's going on - they hide it...

Dont you start me on management, it sucks, managers are frustrated too - there layers upon layers of management, a ton of people will check your work, and stuff like that, they will tell yo what to do often contradicting each other - oh, it's so bad bro...