The by-line says it all: "More than 7% drop marks worst day in five years" https://www.marketwatch.com/story/ibms-stock-falls-to-early-2016-levels-as-investors-show-impatience-with-turnaround-2018-10-17 . . . Moffett Nathanson analyst Lisa Ellis, who... — read more
Bigger expenses for rebalansing point out more layoffs could happen
Layoffs will be very large in 2018, again, compared to 2017. Look at this link and search for 'rebalancing' (aka layoff expenses). Note that in 1H 2017, these expenses totaled in $171 million. For the entire 2017 year, the number equaled $199... — read more
What can be done?
Things have been going downhill for us for a while, with one bad decision after another. Anybody else feeling like we are finally past the point of no return?
Let’s cut the c-ap- anyone have intel on the next layoffs?
Too much whining on this board distracting us. Layoffs are coming. If anyone has intel that could warn us about divisions targeted, please share. It could save someone from a period of unemployment to start their search as early as possible.
Yahoo Finance - Watson needs ambulance
This is just too funny. I love the joking and laughter about Watson. https://finance.yahoo.com/video/ibm-down-revenue-misses-estimates-210615280.html I don't think the press the queen bee would like.
Lenovo is “ hiring” IBM’s AI - a $240 million deal is signed
The article states that Lenovo is going to use IBM’ AI solutions for customer support. Think that this deal opens a wide range of opportunities, not only in terms of revenue but also in establishing IBM on the market of higher offerings such as AI... — read more
Leaving IBM GBS for Accenture
I am considering leaving IBM GBS and joining Accenture (Interviewing in process) - I've joined IBM six years ago, my first job after graduating college. At Accenture I'd be aligning with SAP / Financial Services Operating Group on the consulting... — read more
A typical workload for IBMers
I found myself getting worked up on Sunday afternoons about the stress I'd be getting on Monday morning (regularly working 60-65 hrs including many weekends - but no overtime). Then, gradually, the panic started to move backwards to Sunday lunch... — read more
ominous
ibmers and macbooks be ready with fear of the ginni machete when software sales dip and revenues slip employees are meat at a deli
IBM: Has Big Blue Become Big Red?
https://www.thestreet.com/investing/had-big-blue-become-big-red--14748401?
IBM is slowly but surely losing the confidence of customers
IBM is failing on a number of fronts. From my viewpoint they're getting boxed-in on Cloud, Watson-AI, Security, Services, Block-chain and more. It's well documented that IBM was late to the table with a number of their "newer" offerings/directions... — read more
Is there Account Fraud at IBM?
Nobody here admires Rometty. Another quarter of failure. The question is---if a company is willing to lie about its layoffs; lie about the pace of its transformation---and if a company willfully violates one set of laws--like the age discrimination... — read more
Alexa, what's causing IBM to fail?
A. please start a pot of coffee because Alexa has a lot to cover
DOW over 500, but IBM still a big L
This is very bad news people. Massive RA's coming for sure and well deserved no doubt. Where has Bain been? Thought the top heavy mgmt structure was to be trimmed? I still see managers running around my building with nothing to do but send useless... — read more
Compilation of articles on 3Q18 Results
All the lowlights: IBM falls after revenue misses -- https://www.cnbc.com/2018/10/16/ibm-earnings-q3-2018.html IBM’s Revenue Shrinks Again -- https://www.wsj.com/articles/ibms-revenue-shrinks-again-1539722309 IBM is shrinking again, and so is its... — read more
Thus Spoke IBM's Zarathustra
AI will impact 100% of jobs, EVERYONE!!!! All professions, all industries... Says IBM's Ginni Rometty @ the sh--ty Gartner Symposium/ITExpo.... The queen of bullet points, Ginni Rometty Zarathustra, laid out three principles for companies working... — read more
Uh oh...
Another quarter's results are lacking. Less revenue less profit. How to respond? More layoffs no doubt. Management geniuses. We can rely on their steadfast leadership! Brightside...minimum wage catching up from behind fast. Getting so a guy pushing... — read more
Some things never change
Bumped into a thread from @VDO5xvE-2snn, really good and interesting post. I worked at IBM for a short time, maybe 25-30 years ago. They were working on a large government project where the implementation was in silicon valley, but the original... — read more
Too many managers and not enough people doing the actual work at IBM.
Too many managers and not enough people doing the actual work at IBM. You will eventually lose everything with that business model in place. But we could have another town hall to pretend we are great.
Getting old IBM W2
I was laid off (RA’d) in September 2017 – moved on and things are going well at the new company. I'm trying to get a loan for a house remodel and the bank is asking for a W2. Do you know where separated workers can get their IBM W2s - not sure what's... — read more
Voice of IBMers Series – Your stories and feedback are kindly requested
The author wishes to thank those who replied to previous posts. Their feedback is incorporated into a fully-revised version of Part 1. Substance-wise, a new discussion of Palmisano’s Model (roadkill 2015) is included in Part 1. Also, the word... — read more
Secret Society (Ginni & Friends)
I'm beginning to wonder if there is some sort of secret CEO society where the likes of Jeffrey Immelt, Ginni Rometty, Marrisa Mayer, Bob Nardelli..etc sit around an oak table bragging who drove a once great company into the ground the fastest while... — read more
Voice of IBMers (part 2): Rage against the Machine — No Trust for IBM Watson Marketing Hype, Mr. Death Panel, & Cancerous Corporate Governance
Voice of IBMers (part 2): Rage against the Machine — No Trust for IBM Watson Marketing Hype, Mr. Death Panel, (2) the selection of people with requisite integrity and character for its Board, and (3) the accurate and transparent reporting of the... — read more
Voice of IBMer (part 1): IBM’s ‘new way of work’ means Mass Layoffs, Discrimination, Loco Colo-Concentration Camps, Disrespect for Individual
See article here: https://medium.com/@B_C_Gobin/summary-ibms-new-way-of-work-means-mass-layoffs-discrimination-colocation-concentration-8df15290dd6c
IBM challenges Pentagon’s $10 billion cloud computing effort days before bids are due
So since IBM knows they had no chance of winning the bid they resorted to formally whining about the terms of the proposal in the desperate hopes that the DoD relents and changes the terms of the proposal from a winner-take-all to allowing for... — read more
IBM reiterates commitment to Brazil despite uncertainty
So clearly IBM is giving a heads-up that the Latin American geo will not be helping 3Q's numbers and probably not 4Q's either. https://www.zdnet.com/article/ibm-reiterates-commitment-to-brazil-despite-uncertainty/
GE, IBM Brand Values Take Big Hits
https://247wallst.com/services/2018/10/07/ge-ibm-brand-values-take-big-hits/ Interbrand has released its Best Global Brands 2018, the 19th installment of the study. The value of the great majority of the 100 brands rose from a year earlier. The value... — read more
IBM UK is promoting the unqualified while skilled workers are leaving to work for competitors
The UK is in the toilet because of the HORRIFIC leadership, promoting unqualified people to jobs they can’t handle and who lack meaningful client relationships. Many good staff have recently left for executive level jobs at competing companies across... — read more
GBS – Reporting to a much younger manager
Hello all – I’ve joined IBM two years ago and right now I am about 20 years older than my current manager. The manager is young and smart but very inexperienced, I am sure with time she’ll blossom but right now things are just awkward given the age... — read more
Retaining Talent
IBM's been making series of business mistakes and have mistreated employees in an unforgettable way. Bad reputation ensures that IBM has hard time attracting talented people to begin with. Bad compensation ensures that they won't keep the few that... — read more
Frustrated TSH employee
IBM's MO has been to have a space of a couple weeks/1.5 month separation between announcing quarterly numbers to the "Street" and next batch of layoffs. Another cruel MO of IBM's to announce the RA's the Thursday before a major US Holiday(Easter 2018... — read more
The MONDAY AFTER Leaving IBM.....
Please Reploy with your own experiences... Here is my experience: The FIRST weekend after I landed my new job outside IBM was the FIRST time in 5 years that I actually LOOKED FORWARD to MONDAY. Now I'm NOT BEING NEGATIVE, I am simply saying that the... — read more
Leveling the Playing Field for Older Workers
http://hrexecutive.com/leveling-the-playing-field-for-older-workers/ Ultimately, age discrimination persists in the workplace “because too many people think age negatively affects ability. It doesn’t,” says Ventrell-Monsees. “People used to think... — read more
Companies Use AI to Help Managers Become More Human
https://www.wsj.com/articles/companies-use-ai-to-help-managers-become-more-human-1525053660 . . . The human touch? Even as technologists grapple with concerns about AI replacing people, companies are using the systems to help them handle a very human... — read more
Business The only way is up, baby: IBM UK sales down, profit down, headcount down
El Reg's report on IBM UK. https://www.theregister.co.uk/2018/10/05/the_only_way_is_up_baby_ibm_uk_sales_down_profit_down_staff_headcount_down/
Sell IBM shares because its profits are in an 'irreversible structural decline,' analyst says
Sell before 3Q Results are announced. https://www.cnbc.com/2018/10/04/ibm-profits-are-in-an-irreversible-structural-decline-analyst-says.html
3Q18 Results: Miss, Meet, or Beat?
About 2 weeks from announce: cast your ballots now!
Good info to have
You do not qualify for unemployment pay during the time you are receiving severance pay. But once the 30 days are up you will certainly qualify for unemployment compensation. Some states you can collect unemployment while in severance period, some... — read more
Alienated Alumni
At IBM benefits are being cut every year, the worker’s position is getting worse every year – I am bit jaded given the fact I was RA’d but whatever... Here is one example, 401k match is only done if you are working on Dec 15 of each year, so if you... — read more