Topics regarding layoffs at IBM

Topics regarding layoffs at IBM

Ginni Rometty, Tim Cook, Mark Zuckerberg, Jeff Bezos and other tech CEOs warn of 'significant costs' and 'disruptions' if Congress doesn't save

"But business leaders have a message for Congress: Pass a law to save DACA Dreamers by January 18 or you will be causing US companies a lot of disruption and expense." ". . .a lot of disruption and expense." Really? At last official count, there were... — read more 

by
| 1490 views | | 8 replies (last July 13, 2020)
Post ID: @OP+Rt43WCT

IBM W2

When does IBM usually send out W2s for folks who are not with IBM. I'd like to see if I can get a paper copy of my W2 form for the last year...

by
| 1460 views | | 4 replies (last February 13, 2018)
Post ID: @OP+RqwiEdn

Right-sizing Happening Now

An exec just said blatantly in a pretty large all-hands call (sales/tech sales) that there is currently a right-sizing exercise going on in IBM and it will affect everyone (all orgs). No other details given, other than it will be discussed in each... — read more 

by
| 3420 views | | 9 replies (last February 5, 2018)
Post ID: @OP+RpJpUuC

(IBM) on Q4 2017 Results - Earnings Call Transcript

A registration is required to access all of it, but here's the relevant highlight (lowlight): "As always, we'll look for more productivity in our spend base, especially in our Services business, where we'll continue to remix our skills to new... — read more 

by
| 1063 views | | no replies yet
Post ID: @OP+Ro3Xdd2

Fast start really what a joke

Ok so I just started my training for fast start but just got a cheet sheet for a manager there passing it around so not to worry just ask you can go party in Vegas

by
| 1212 views | | 4 replies (last January 31, 2018)
Post ID: @OP+Rnl4mVK

Ginni at Davos 2018

Guessing no RA's this week, since Ginni's in Davos and it would be terrible optics. So perhaps next week. . . https://qz.com/1184584/the-list-of-davos-attendees-for-2018/

by
| 1060 views | | 2 replies (last January 23, 2018)
Post ID: @OP+RnQYEGc

IBM's Cash Repatriation Strategy

I believe the real thing to look at is the 5.5 billion charge taken in 4th q. What does that equate to. 5.5/.15 repatriation charge = 36.666 billion. Now IBM always had access to the 36 billion of cash, and said as much during the CFO call just after... — read more 

by
| 1410 views | | 3 replies (last January 23, 2018)
Post ID: @OP+RmXRlLr

Rate Ginny

While everyone is waiting for the RA in a few weeks, take a few minutes to go to glassdoor.com and provide an anonymous review of your experience at IBM. It's a pretty quick process and it also gives you a chance to give thumbs up or down on the CEO... — read more 

by
| 932 views | | 3 replies (last January 23, 2018)
Post ID: @OP+Rmnhzmq

Ex-IBM Employee Sentenced for Stealing Secrets for China

With all the off-shoring, near-shoring, and H-1B's, no doubt this is only the tip of the iceberg of IP that is being stolen from Big Bleu by non-U.S. citizens. https://americansecuritytoday.com/ex-ibm-employee-sentenced-stealing-secrets-china/

by
| 730 views | | 1 reply (January 22, 2018)
Post ID: @OP+Rm2pdYu

IBM could struggle just to meet its disappointing outlook

"IBM IBM, -0.17% shares started falling late Thursday and dropped 4% to close at $162.37 Friday, after the company offered a disappointing outlook along with an earnings beat and return to revenue growth following 22 straight quarters of declines... — read more 

by
| 1120 views | | no replies yet
Post ID: @OP+RkRvcnF

2018, the year of Reorgs, Layoffs and Taxes

Do the leaked possible reorganization and potential layoffs of much IBM staff and layoffs figure into IBM's projection of flat earnings per share for 2018? Not something they will advertise in advance on their earnings call. However, severance costs... — read more 

by
| 1954 views | | 1 reply (January 21, 2018)
Post ID: @OP+RjIBldG

Trouble Ahead??

Here is the WSJ coverage today... The source link is below but it's paywalled... IBM’s Growth Comes at a Cost Aging tech giant’s revenue finally rises, but investments expected to curb earnings growth for year ahead By Dan Gallagher Jan. 19, 2018... — read more 

by
| 1190 views | | 3 replies (last January 19, 2018)
Post ID: @OP+RjdWcWi

Breathe Easy (for a month)

I've been told that the RA has been moved to next month, due to bad optics too close to the tax cut and other corporations handing out raises and bonuses, and more time needed to flesh out the org changes and assignments.

by
| 1155 views | | 2 replies (last January 19, 2018)
Post ID: @OP+RjzHnUi

The old IBM must be off loaded!

Earnings came in almost exactly where everyone expected. Mainframe gave us a bump, and will continue on for at least 2 more quarters. Services were disappointing THUS the merger of GTS/GBS. (Eg we are going to move the 120 billion in backlog to the... — read more 

by
| 1214 views | | 1 reply (January 19, 2018)
Post ID: @OP+Rj71mNp

Fourth Quarter results

We just got Ginni's email about fourth quarter results. As usual it is all sunshine. What really happened?

by
| 1240 views | | 6 replies (last January 20, 2018)
Post ID: @OP+RinzF4J

When are layoffs supposed to start?

Was just wondering when these 10,000 cuts are going to start taking place? I've seen the number circulated all around, but no date attached to it (might have missed it, but I don't think so.) And is this truly going to be limited to GTS, or should... — read more 

by
| 3710 views | | 17 replies (last January 26, 2018)
Post ID: @OP+RfazCUw

When is Ginny Rometty going to get fired?

How long has her turn around plan been in place? What are the Board of Directors and shareholders waiting on for her to retire with a golden parachute?

by
| 1990 views | | 8 replies (last January 18, 2018)
Post ID: @OP+Re1BxzC

Wanda-IBM Cloud Ambitions Turn Stormy

Loused-up another one! Lots of PR fanfare around this announcement back in early 2017 when the agreement was signed, but now that it's crumbled, not a peep from the IBM PR machine... — read more 

by
| 1321 views | | 3 replies (last January 19, 2018)
Post ID: @OP+RdLDfQP

What will reassignment really mean?

Everybody is focusing on 10,000 layoffs in GTS expected by IBM, but I am more interested in what the reassignments will mean for the rest of us. This sounds like an ideal opportunity for IBM to demote a huge number of people and cut our salaries... — read more 

by
| 1532 views | | 3 replies (last January 15, 2018)
Post ID: @OP+RdbxqZA

Big change for all managers

So rumors are going on that if your a first line manager and your not in a close range of your team then get ready for change travel experience will not be allowed. So it’s time to relocate or find a job somewhere else.

by
| 1464 views | | 2 replies (last January 17, 2018)
Post ID: @OP+Rcji7mm

Job cuts at IBM Canada

Job cuts and re-organization happening today at IBM Canada (Cloud Managers were only informed yesterday later afternoon if they were still employed. And today is when they have to decide who is on their smaller team and who is not.

by
| 1710 views | | 9 replies (last January 29, 2018)
Post ID: @OP+Rcsgst2

IBM just replaced its chief financial officer

Replacing the CFO 1 week before 4Q17 Earnings results? Seems fishy despite IBM's denials to the contrary in the article. http://www.businessinsider.com/ibm-replaces-chief-financial-officer-2018-1

by
| 1282 views | | 2 replies (last January 12, 2018)
Post ID: @OP+RcreWws

Aging just a dumb move for IBM

So how does IBM do a reorganization change this way? They want to save money but they have now have first line manager that live on the west coast but all there team is on the east coast not very smart.

by
| 1030 views | | 3 replies (last January 12, 2018)
Post ID: @OP+RcNJVwV

10,000 to be laid off in 2018 (in GTS)

The "do not distribute" slide that is floating around has been published by The Register: https://regmedia.co.uk/2018/01/09/ibm_do_not_distribute.jpg On the left-hand side are the current positions of the employees, referred to as "sources of... — read more 

by
| 2452 views | | 1 reply (January 12, 2018)
Post ID: @OP+RbijPj8

That the leadership continues to self glorify itself...

I am currently with IBM GBS and here is the sad part -- we have too much of upper management that does no contribution to opening up markets nor develop skills typically they belong to an era where the market was not that fast paced .. so we are... — read more 

by
| 1233 views | | 1 reply (January 11, 2018)
Post ID: @OP+RaLSSCE

Fast start

Fast start what a joke Ibm is laying people off but they have money to waste on this

by
| 1450 views | | 5 replies (last January 10, 2018)
Post ID: @OP+R9jJOjF

It’s Time for IBM to Move on From CEO Ginni Rometty

https://investorplace.com/2018/01/its-time-for-ibm-to-move-on-from-ceo-ginni-rometty/ No buying strategy would have made you a lot of money on IBM stock over the last six years "Ginni Rometty’s pulling down more than $33 million in annual... — read more 

by
| 1220 views | | 3 replies (last January 10, 2018)
Post ID: @OP+R9cpVj4

Start a new thread - post a news comment, question or message:

: