Topics regarding layoffs at IBM

Topics regarding layoffs at IBM

IBM sued by 57 year old for Age Discrimination

https://www.dailymail.co.uk/news/article-6562823/Former-IBM-employee-57-accuses-company-firing-age-discrimination.html A former IBM employee is suing the IT company, alleging she was fired because of age discrimination. Terry Keebaugh, 57, was fired... — read more 

IBM commercials

Last night I saw an IBM commercial claiming that Watson can improve call center efficiency. I guess diagnosing cancer is too hard. Then I saw a commercial where IBM Cloud can do something, I don't know what, with racing cars? IT looks like IBM... — read more 

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| 1180 views | | 4 replies (last January 8, 2019)
Post ID: @OP+WZe0QIE

IBM RA Severance Pay

I can't fathom how they can change the severance pay. When I was absorbed by IBM, we were sold on the company culture and being true blue etc. Part of the reason I didn't jump ship was that they had specific benefits at the time. I never imagined a... — read more 

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| 1791 views | | 6 replies (last January 8, 2019)
Post ID: @OP+WZQmhLN

IBM's Seterus mortgage-services Sold

https://www.businessinsider.com/ibm-sells-mortgage-services-product-seterus-2019-1 IBM sold its Seterus mortgage-services business to Mr. Cooper Group, the companies announced Friday. The terms of the deal weren't disclosed, though IBM said Seterus... — read more 

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| 2200 views | | 5 replies (last January 11, 2019)
Post ID: @OP+WYvDbPc

Has anybody seen this?

This has IBM written all over it. A new data analysis by ProPublica and the Urban Institute shows more than half of older U.S. workers are pushed out of longtime jobs before they choose to retire, suffering financial damage that is often... — read more 

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| 1060 views | | 1 reply (January 4, 2019)
Post ID: @OP+WXNsmzW

IBM claims that AI will reshape marketing

I see that IBM is trying to aggressively push their planes regarding the application of AI in the sector of marketing into the media. Maybe in terms of publicity, after the Watson disaster in cancer treatment, the smart thing to do was to switch the... — read more 

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| 1000 views | | 7 replies (last January 6, 2019)
Post ID: @OP+WXRGrby

IBM selling more assets

IBM selling its Seterus platform... this is more evidence that the company is cleaning up shop to divest one or more divisions to pay for the Red Hat acquisition... — read more 

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| 1620 views | | 7 replies (last January 4, 2019)
Post ID: @OP+WW3DSPj

Watson Health

My husband left a good job with Philips in 2016 to join Watson Health. Should we be worried about layoffs this quarter?

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| 1500 views | | 8 replies (last January 4, 2019)
Post ID: @OP+WWQKRCx

A sense of “slow” panic

IBM is very concerned as to how 4th Q and full year results will be received. If results come in “light” look for an announcement “sooner” as the board and management can’t take the inspection anymore (they are out of excuses and runway). The much... — read more 

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| 1332 views | | 1 reply (January 7, 2019)
Post ID: @OP+WVtz11J

2015-2018 was bad time for stock buybacks

https://www.cnbc.com/2018/12/11/investors-should-be-furious-3-stock-buybacks-that-went-horribly-wrong.html If IBM senior management's lack of vision is not enough, according to CNBC, their bad timing puts them in the bottom 4. We have watched the... — read more 

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| 1110 views | | 4 replies (last January 1, 2019)
Post ID: @OP+WUR4Sz7

IBM & Sears = Prodigy > Amazon

In the mid 90's IBM and Sears sold their interests to this group for $200 million. It was estimated that IBM and Sears had invested more than $1 billion in the service since its founding. It's a shame someone at Prodigy did not have the foresight... — read more 

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| 1460 views | | 7 replies (last January 1, 2019)
Post ID: @OP+WRC475W

Former AmEx Boss Chenault Leaving IBM, P&G Boards

It starts with a trickle. . . https://www.wsj.com/articles/former-amex-boss-chenault-leaving-ibm-p-g-boards-11545953913 Kenneth Chenault, the former chairman and chief executive of American Express Co. AXP 0.90% , is stepping down next year from his... — read more 

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| 1020 views | | 1 reply (December 28, 2018)
Post ID: @OP+WQ6VDS5

Lawyer Blog - IBM Age Discrimination.

https://blogs.lawyers.com/attorney/discrimination/ibm-age-discrimination-52401/ "However, a spokesman for IBM claims that the layoffs over the years have nothing to do with age, but rather an attempt to acquire an updated skill set, which is not... — read more 

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| 1380 views | | 4 replies (last December 29, 2018)
Post ID: @OP+WOJhH1E

Shareholder files suit over IBM-Red Hat deal

And it begins! https://www.bizjournals.com/triangle/news/2018/12/18/shareholder-files-suit-over-ibm-red-hat-deal.html Nearly two months after IBM announced plans to buy Raleigh-based Red Hat, at least one shareholder complaint over the deal has been... — read more 

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| 1170 views | | no replies yet
Post ID: @OP+WOiWp0Y

Ginni gone in 2019?

We wanted to Ginni to do better. Such promise in 2012 - along with hope for some real humanity in the nasty world of IBM senior management. The reality has been so different. Twenty two consecutive quarters of declining top-line revenue. $106 billion... — read more 

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| 1760 views | | 6 replies (last December 27, 2018)
Post ID: @OP+WNrbJKk

It’s all about the cash flow

It’s all about the cash flow!!! Wall Street has voted thumbs down on Ginni’s public plan so far. That doesn't Mean they don't Think it will succeed, BUT they think Ginni and the current management team will not pull it off. Wall Street is putting... — read more 

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| 950 views | | 2 replies (last December 28, 2018)
Post ID: @OP+WNAjM8b

IBM’s Debt and Deal Make the Stock a Big Loser Again

Merry Christmas! https://www.barrons.com/articles/ibms-debt-and-deal-make-stock-a-big-loser-again-51545652800 Big Blue’s shareholders are getting used to seeing red. International Business Machine (IBM) stock has posted the third biggest decline in... — read more 

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| 1430 views | | 4 replies (last December 29, 2018)
Post ID: @OP+WM6T0Kz

IBM’s AI- an empty package wrapped in fancy paper

I swear that not one month goes by that I don’t run into an article on the new implementation of IBM’s AI. This time it covers the announced implementation in marketing. I generally don't have anything against the implementation of AI in various... — read more 

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| 921 views | | 2 replies (last December 25, 2018)
Post ID: @OP+WMyXaxw

This is what IBM wants

An employee with the wisdom of a 50 year old, the experience of a 40 year old, the drive of a 30 year old, and the pay scale of a 20 year old. It's painful accurate this is. Companies like IBM would really like to have all of that in one person but... — read more 

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| 1430 views | | 3 replies (last December 25, 2018)
Post ID: @OP+WM4NL6c

Age discrimination

The following practices constitute age discrimination 1) Requiring workers to retire once they reach a certain age 2) Treating older workers worse than younger workers, by, for example, targeting them for layoff or discipline 3) Giving younger... — read more 

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| 1190 views | | 6 replies (last December 29, 2018)
Post ID: @OP+WLIhXGB

IBM Christmas Carol Competition

Something to sing around our log fires this Christmas as we look forward to the BIG layoffs in 2019! Away in a condo on a six foot wide bed A deluded old Ginni lay down her sweet head The stock price was falling, many clients were fu**ked, But she... — read more 

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| 1050 views | | 6 replies (last December 28, 2018)
Post ID: @OP+WLwHp0I

IBM taps Samsung for 7nm processes

So we're getting deeper into bed with Samsung. . . https://seekingalpha.com/news/3418535-ibm-taps-samsung-7nm-processes

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| 536 views | | no replies yet
Post ID: @OP+WIBFgZW

IBM and “legacy” services are over

I believe it is over as far as IBM and “legacy” services. IBM learned a very valuable lesson when they sold off System X. OVER SUBSCRIBE to the heads you are shifting. IBM will stuff that transaction as full as they can, and negotiate with Bain (or... — read more 

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| 1190 views | | 2 replies (last December 20, 2018)
Post ID: @OP+WINQiZ3

IBM is blaming its customer hahah!

Way to go, IBM! https://www.theregister.co.uk/2018/12/19/ibm_v_co_op_insurance_130m_it_revamp_lawsuit/ IBM has blamed ex-customer Co-Op Insurance for the crash of a £55m project centring on Agile software development, but admitted the systems it... — read more 

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| 1120 views | | 3 replies (last December 20, 2018)
Post ID: @OP+WHWdDP1

This makes me laugh

The rumors about Services being sold are as old as the PWC acquisition itself. At the time we all thought it was a “flip” but 20 years on we still have them. Since the downward spiral began, we hear the rumors of a sale every year. Because of the... — read more 

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| 1810 views | | 6 replies (last December 20, 2018)
Post ID: @OP+WGpOdxb

Holidays IBM Style

Modified from "Deck the Halls" Clear the halls with wads of RAs, Fa la la la la, la la la la. Tis the season to boost our net worth, Fa la la la la, la la la la. Don we now our market fa’-cade, Fa la la, la la la, la la la. Troll the public to spin... — read more 

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| 1340 views | | 8 replies (last December 22, 2018)
Post ID: @OP+WFGPIW7

Financing the acquisition of RedHat

The real question is how IBM is going to finance the $34 Billion acquisition of Red Hat? IBM is getting $1.8 Billion from the software just sold to HCL. IBM has around $13 Billion of cash on hand, but they will probably use/spend only a fraction of... — read more 

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| 1780 views | | 5 replies (last December 20, 2018)
Post ID: @OP+WF6lUhz

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