Former HR VP Says IBM Wanted to Look 'Cool' to Millennials, Fired 100,000 Workers Lucian Armasu | Aug 1, 2019 7:08 am ET https://amp.tomshardware.com/news/ibm-class-action-age-lawsuit-100000-fired,40064.html

Well... today was the day. RA notice for a 61 year old, with 30 + years, in Watson Customer Engagement division, working out of New Hampshire USA. No surprise,.. was hit with RA twice before but was able to jump to another division in IBM with... — read more 

Sad. IBM hardest company in the world to work for. I think their attrition by millennials sums up the state of wwork place. Most don't even know what the letters IBM stand for.

I've heard from 2 IBMer's that they have odd meeting scheduled for today with their managers (with no details in the meeting invite, no subject/topic, and short notice– the invites came in last night & this morning). In both cases, when the IBMer... — read more 

The people leaving are those with 1) marketable skills and 2) their eyes open. And people with marginal skills (focused on dead or dying Ibm products and technologies...most of the portfolio), are jumping while the job market is hot enough for... — read more 

https://finance.yahoo.com/news/ibm-fired-many-100-000-191146867.html Dumping a 100k worth of heads and saying it’s a skills deficiency is going to be really hard to argue because the next question will be “you hired 100k worth of incompetent... — read more 

Everybody knows people over 50 are as good as gone at IBM - the question is not if they'll be laid off but when. I've noticed a pattern lately of people approaching this age group leaving on their own. I didn't ask them about it - I really don't... — read more 

For its part, IBM executives have referred to recent reductions on earnings conference calls as “workforce rebalancing,” where it’s about the skills – not the employees. On a recent call, CFO Jim Kavanaugh said the company was divesting... — read more 

And as discrepancies between its eventual offerings and earlier promises became clearer, the company began narrowing its pursuits to more successful areas. How tactfully phrased! Nevertheless, the Watson name went unmentioned in IBM’s... — read more 

Environment here is clearly toxic towards IBMers who love their job, that's for damn sure. We loved our jobs too. Something changed.

[Raising comment @10b4jZsf-1nzs to a standalone post]. Once Red Hat is integrated, I expect IBM to leverage Red Hat's SG&A and R&D infrastructure. This should allow the company to cut expenses further while benefiting from Red Hat's outsized... — read more 

The leading cloud companies are about to reach escape velocity, IBM is mortgaging its future at the RHT junk yard on sc-aps to rebuild Apollos. I can see why IBM thinks RHT is the right medicine for itself and the cloud. But it demonstrates that... — read more 

IBM/Red Hat appears to want to prescribe a monolithic stack of Red Hat products from top to bottom, all the way down to the operating system. Its leadership recently said, “This is the problem that we’re aiming to solve — providing a... — read more 

If that’s the way IBM wants it, then fine. But IBM has signalled that it is rebuilding its IaaS offering and Gartner believes that effort has resulted in only “incremental improvements to the infrastructure services formerly under the... — read more 

https://seekingalpha.com/article/4276342-ibm-worse-quarter-initially-appears YoY Expenses up, revenue down, profits down. How many other units can we sell off to fool investors?

https://seekingalpha.com/article/4276342-ibm-worse-quarter-initially-appears Given the above article there seems to be a 3 prong approach to IBM’s transformation Buy Redhat to change the narrative to a “Hybrid cloud company”. (Done) .. — read more 

I’ve checked out the AT&T board on this site and spoke to a few people familiar with the matter, and it all points to the situation where AT&T-ers all believe that they are basically rebadged to IBM just to change their replacements. But could it be... — read more 

Even so, Fitz-Gerald has his doubts. “I think [IBM] is late to the party and they are going to be a dollar short,” he says. “I just simply don’t see them competing with the likes of Amazon or Microsoft, which are rapidly growing into the... — read more 

Sure seems that way. Keeps Wall Street happy and the stock afloat in the short term. Totally unsustainable in the medium term and will have to be abandoned. Destroys the company in the long term. At some point there must be top line revenue... — read more 

“I’ve had very few things where there’s been such complaining,” Mr. Trump said. “Complaining from different companies, like Microsoft and Oracle and IBM. We’re going to take a look at it, we’ll take a very strong look at it.” So Ginni and... — read more 

Free cash flows increased by 28%, landing at $2.4 billion. Capital expenses came in at $431 million, less than half of the year-ago period's $1 billion. A $270 million real estate sale played a large part in that year- over-year comparison... — read more 

The future of IBM is hybrid cloud, said Ian Campbell, chief executive officer of Nucleus Research. “But the biggest challenge is they are very late to the cloud party,” he said. Amazon Web Services and Microsoft Azure have dominated the... — read more 

Earnings: $3.17 per share, excluding certain items, vs. $3.07 per share ... ... IBM’s revenue fell 4% from a year earlier even as earnings grew 3%. This is "Good News" only when share price matters more than anything else. Expect more RA's to... — read more 

And in the quarter IBM took a charge because of “an unfavorable legal ruling” in a case against the state of Indiana that had been outstanding for around 10 years, James Kavanaugh, the company’s senior vice president and chief financial... — read more 

Gross profit margins expanded to 47.4%, IBM said, a result of the company’s focus on exiting less- attractive businesses. Mr. Kavanaugh said IBM made $575 million from long-planned asset sales in the quarter, within the range of $500 million... — read more 

Shares of IBM rose as much as 4% on Wednesday after the company reported better-than-expected second-quarter earnings. Here are the key numbers: Earnings: $3.17 per share, excluding certain items, vs. $3.07 per share as expected by analysts... — read more 

“This is a vindication of the value of the hybrid cloud, and the value of Red Hat,” Ms Rometty said. IBM would handle much of AT&T’s computing workload in its own cloud data centres while also managing AT&T’s work with other cloud... — read more 

https://www.reuters.com/article/us-microsoft-at-t-cloud/microsoft-att-ink-cloud-deal-worth-more-than-2-billion-idUSKCN1UC1KK So, ummm, what's going on here? AT&T unloads 15,000 IT people onto IBM, presumably to leverage AT&T IT into the IBM... — read more 

I'm a soon to be IBM employee - not by choice. I've been going through posts here and my dread keeps growing exponentially with every new thread I open. Things seem worse here than at AT&T, which I didn't think possible. Is it really like that?... — read more 

It's that time again, folks! Submit your answers in now! As always, I'll start: miss [Translation: any meets or beats will due to financial engineering or some surprise one-time deal, like an IP licensing agreement, or a tax lawsuit victory... — read more 

The toxic IBM environment exists for several reasons: 1 .Senior management cares mostly about their bonuses and share price (thanks to stock option grants). We don't always believe it and act surprised whenever it's mentioned. Senior... — read more 

Folks on AT&T board here are discussing an outsourcing deal with IBM that just got signed. There is a lot of anxiety and questions there. Maybe someone experienced in this may want to visit their forum and help them answer a question or two -... — read more 

https://hbr.org/2018/05/why-its-so-hard-to-speak-up-against-a-toxic-culture?fbclid=IwAR218YPLDDoFi0HV4u6imT96lwnXP8t-UEWh4nZqHFogiVgkxawbQNZEHI

SVP of Systems and a bunch of Systems GMs meeting for a town hall in Tucson on 7/22. Nothing confirmed as of yet as far as RAs - but awfully quick meeting after the Red Hat deal officially closed. To be continued... More to come later

As I anxiously await the master plan to emerge post acquisition. I ponder if Red Hat disappears tomorrow, what will happen to the cloud ... Nothing. If IBM disappears tomorrow, what will happen to the cloud ... Nothing. Now then, how does the... — read more 

Anyone else heard about lack of approval for hiring even in areas key for growth? To me, it is a sign that they are preparing more layoffs, maybe to help make the 2Q earnings results (due July 17 I think), look a little less ugly.

KA-CHING!! https://www.bizjournals.com/triangle/news/2019/07/10/real-millionnaires-of-red-hat-who-made-what-after.html This time it is not just paper value of their stock holdings — this time, it is for real. Slews of Form 4s – the regulatory... — read more 

That is one seriously delusional economist. https://www.wraltechwire.com/2019/07/09/economist-ibm-red-hat-might-not-mean-big-number-of-layoffs/

‘We’re not talking about layoffs’ So there's going to be layoffs. https://www.wraltechwire.com/2019/07/09/red-hat-ibm-execs-promise-were-not-talking-about-layoffs/

Just an FYI, here is what EEOC lists for Age Discrimination The following practices constitute age discrimination Requiring workers to retire once they reach a certain age Treating older workers worse than younger workers, by, for... — read more