"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
IBM hasn't been this unimportant to the stock market in at least 40 years
"After providing a disappointing earnings outlook last week, 'Big Blue' now makes up about 0.6 percent of the S&P 500 and has sunk to 35th in the index, according to FactSet. Howard Silverblatt, a senior index analyst at S&P Dow Jones Indices, said... — read more
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...
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
Facebook hires the scientist who helped build IBM Watson to lead A.I. expansion
Oh, how perfect is this! https://www.cnbc.com/2018/01/23/facebook-hires-jerome-pesenti-as-new-vp-of-ai.html
Often critical of Trump's rhetoric, CEOs in Davos have to admit they like what they see
"Some of the CEOs in Davos this week have said they are looking to see what Trump says about trade. Ginny Rometty, IBM's CEO, told CNBC, many of the trade agreements 'need modernization.'" Oh Ginni, we can see what you're couching when you say... — read more
(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
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
Layoff date has been set to March 15
The massive across the board layoff date has been set for March. No one will be spared
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/
The ten biggest US tech companies will top $1 trillion in sales this year
So Big Bleu is in the Top 5 of 2018 sales estimates for large Tech. firms, but decades loyal IBM'ers receiving a paltry raise or, heaven forbid, a well-deserved promotion, is just out of the question. And rigid cost constraints & travel freezes: $78B... — read more
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
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
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/
Ginni Rometty on How AI Is Going to Transform Jobs—All of Them
"Some occupations will go away, and new ones will be created, but even together, those will be a distinct minority of the world’s occupations." "Some occupations will go away. . ." Oh that's rich: "Some." Ginni's way of understating the upcoming... — read more
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
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
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
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.
IBM Ends 22-Straight Quarters of Declining Revenue. But Wall Street Is Unimpressed
"It also didn’t help that IBM’s newly installed CFO James Kavanaugh said during a call with analysts that the company’s earnings per share for 2018 would be 'at least $13.80,' lower than analyst expectations of $13.92. IBM’s 2018 EPS is on par with... — read more
IBM Returns To Growth After Six Years of Hell
https://www.reuters.com/article/us-ibm-results/ibm-returns-to-growth-but-shares-drop-after-recent-rally-idUSKBN1F732Z
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
Fourth Quarter results
We just got Ginni's email about fourth quarter results. As usual it is all sunshine. What really happened?
Beyond Apple Repatriation: 16 U.S Corporate Giants Have $1 Trillion Cash
Big Bleu in the Top 12 with a $25B horde piled-up overseas. I'd love to get a full itemized accounting of exactly how every penny of whatever they decide to repatriate gets apportioned. Alas, I'm sure we'll never know. . ... — read more
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
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?
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
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
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.
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.
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
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.
T2.0 will transform our service delivery model
https://regmedia.co.uk/2018/01/09/ibm_do_not_distribute.jpg
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
Black & Blue: IBM hires Bain to cut costs, up productivity
Don't let your butts leave a-- prints on my door on your way out! https://www.theregister.co.uk/2018/01/11/ibm_gts_2018_consult/ The result? One-third of GTS to be 'redeployed' or not replaced when they leave . . . Exclusive IBM has indicated to... — read more
IBM Watson Health layoffs 2018
Please post if you hear anything.
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
Fast start
Fast start what a joke Ibm is laying people off but they have money to waste on this
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
First line manager are not telling you SDL your out
Just heard that your manager is not telling you that the role of SDL will no long exist just heads up