One thing I do expect regarding the Dec 15 401k matching date is that soon after we'll see a lot of employee departures. Almost everyone I talk to is sick of the stress and has been looking around. A few have just recently left, 401k match be damned... — read more
Meg Whitman to Step Down as Hewlett Packard Enterprise CEO
C'mon Ginni, follow Meg's example, you can do it! https://www.wsj.com/articles/meg-whitman-to-step-down-as-hewlett-packard-enterprise-ceo-1511300946
Auditor Slams Canadian Government for ‘Unacceptable’ Public Pay Woes
Yet, another job that IBM grossly overcharged for and totally f*cked-up! Good job, Ginni! https://www.wsj.com/articles/auditor-slams-canadian-government-for-unacceptable-public-pay-woes-1511288420 . . . But instead of saving money, fixing the pay... — read more
This is what it's like to be a 'Dreamer' working at IBM and fighting to keep from being deported
Hmmmmm. . .so IBM choosing to highlight the plight of 30 illegals rather than the woeful and miserable plights they've perpetrated over the decades upon the thousands of loyal American citizen IBM'ers that they've callously RA'd is not surprising... — read more
IBM board adds $3 billion to stock buyback program
And the financial engineering juggernaut rolls on. . . https://www.marketwatch.com/story/ibm-board-adds-3-billion-to-stock-buyback-program-2017-10-31-11911810
IBM another Buffalo Billion letdown
Perhaps IBM should change their business model to just fleecing state and local governments out of incentive monies. http://www.investigativepost.org/2017/11/09/is-ibm-a-buffalo-billion-boondoggle/ . . . The contracted help desk employees still count... — read more
Warren Buffett Trashes IBM Again
Dump it! http://247wallst.com/technology-3/2017/11/15/warren-buffett-trashes-ibm-again/ "IBM has started to look like the next General Electric Co. (NYSE: GE). It is bloated with too many divisions that underperform, and a long-time CEO in Ginni... — read more
How good is IBM about sending you your last paycheck and severance ? How long ?
Today is my last day at IBM due to an RA .. 10 + years and I am glad to be rid of the stress and unethical behavior I have witnessed first hand .. How good is IBM about sending you your last paycheck and severance ? I signed my separation agreement... — read more
Sell Everything, Keep the Mainframe
It surely feels like this. The C-Level brigade knows how to divest, and that's pretty much it.
More contractors cut.
Nov 10th no notice given, at least IBM waited till the end of the day to let them know.
IBM offloads Notes and Domino to India's HCL Technologies
"IBM has struck a 'strategic partnership' with HCL Technologies that will see the latter firm take over development of its Notes, Domino, Sametime and Verse collaboration tools. IBM and India's HCL have done this before: Big Blue sent Rational and... — read more
Get Ready for the New Disrupters
"As Iwata summarized their view: 'Culture is the No. 1 impediment … " @Ginni: And just where, pray tell, does the responsibility for creating and fostering that culture start? http://time.com/5006970/get-ready-for-the-new-disrupters/
Trump's H-1B Reform Is to Make Life Hell for Immigrants and Companies
Some progress being made. https://www.bloomberg.com/news/articles/2017-11-06/trump-s-h-1b-reform-is-to-make-life-hell-for-immigrants-and-companies
Canadian Layoffs Going as Planned.
IBM Canada continues to target employees with actions ranging from new co-location demands to management 'encouraging' workers to leave on their own volition. At the heart of their problem are Canadian labor laws that require IBM to pay roughly one... — read more
IBM plans to split up and sell giant Rochester campus
I'm sure Ginni has offered some sort of package deal that includes a number of employees to be included with the buildings. . . https://www.bizjournals.com/twincities/news/2017/11/03/ibm-plans-to-split-up-and-sell-giant.html
India very strongly raises H1B issue with the US
https://m.economictimes.com/nri/visa-and-immigration/india-very-strongly-raises-h-1b-visa-issue-with-us-suresh-prabhu/articleshow/61287982.cms
The GOP Wants to Kill Rule That Led to Astronomical CEO Pay
Ginni's not going to like this. . . https://www.bloomberg.com/news/articles/2017-11-02/republicans-want-to-kill-rule-that-led-to-astronomical-ceo-pay
Geographically Undesirable
Some IBM Executive Assistants are being flagged as “Geographically Undesirable” – options offered include moving to a “Desirable” city or joining ManPower as a non-exempt employee and work for ~$30/hour. Not sure if anyone is surprised here but a... — read more
International Business Machines Corp. (IBM) Still Flawed
"My other problem involves its financial management. IBM is more interested in extracting profit, and maintaining its dividend, than in growing. It has been shrinking ever since Virginia Rometty became CEO in 2012. This was once a $100 billion sales... — read more
Philadelphia office to close? RA to follow???
It’s my understanding that the lease is up on 11/30 – this is for the office on 17th/Market – I am hearing that it’ll be closed after the lease is up.
Go on IBMers, tell us what you really think
http://www.theregister.co.uk/2017/10/26/ibm_2017_employee_engagement_pulse/ 2017 employee survey asks workers to describe IBM in three words Business Go on IBMers, tell us what you really think 2017 employee survey asks workers to describe IBM in... — read more
If you got the letter on Friday then be ready
So if you got the letter on Friday from HR. Then let me tell you your manager will lie about it to you just understand that IBM is making changes and all will become on the list. Deployment software sales is first to go.
Holding vacation pay
Times must really be bad there. I quit IBM a month ago and still waiting on my payment of unused vacation. I call the employee service center but they can't help. They claim it needs to be addressed my management. First and second line management not... — read more
New RA Package?
I'm hearing rumors that IBM has now reduced the RA package to just two weeks notice and 30 days severance for everyone, not just those on a PIP. Has anyone else heard this?
Secular Stagnation (Or Corporate Suicide?)
Lengthy but fascinating read. Some pertinent excerpts pertaining to IBM are below the link. https://ruayres.wordpress.com/2017/07/11/secular-stagnation-or-corporate-suicide/ "Later in this paper we show that the more the company spends on buybacks... — read more
Stockman mentions IBM, jobs unlikely to return to US
The brilliant and entertaining David Stockman mentions IBM, in particular its 11% effective income tax rate (which saved IBM's 3Q report from being a complete disaster) and its huge hiring in India. https://www.youtube.com/watch?v=FsWuWcgZmEA Trump's... — read more
A familiar story: IBM has had trouble living up to its incentive-based employment promises in other states as well
https://www.businessreport.com/business/ibm-employment-struggles-baton-rouge State and local economic development officials were quick to defend the state’s renegotiated contract with IBM, which gives the company two additional years to reach the... — read more
IBmers... think like Vikings
The latest from an IBM executive... what does that mean? oh, I know... we should start terrorizing the execs so may be they leave the company! http://fortune.com/2017/10/17/ibm-vikings-disruption-at-work/
IBM Reports 22nd Consecutive Quarter Of Declining Sales, "Beats" EPS On Drop In Effective Tax Rate
"How did IBM 'beat' again? By once again applying a lower tax rate than a year ago: a paltry 11.0%, down from the already laughable 12.5% in Sept 30, 2016. Had IBM used even last quarter's 12.5% tax rate, it would have missed."... — read more
Let's see how bad Q3 results are .. they RAs are ramping up no more 90 days Only 2 wks and 30 days serverance
I have spoken to a few that got the call last week. Oct 31st is their last day and 30 days severance. No ghost period .. Q3 results are not good and they are trying to avoid paying dividends. Do not be surprised if before the end of the month that... — read more
Another Revenue Decline Expected for IBM
Can't say anyone should be surprised. https://www.fool.com/investing/2017/10/16/another-revenue-decline-expected-for-ibm.aspx
Why ibm is struggling - it's not rocket science
https://www.linkedin.com/pulse/how-you-treat-your-employees-determine-fate-company-brigette-hyacinth How true is this??
Big Blues: IBM falls short of jobs goal but officials remain hopeful
"Corporations like IBM know how much states want them and their jobs, he said. The corporations are experts at using that leverage to get a good deal." Yeah. . ... — read more
IBM is using the blockchain to speed up and simplify cross-border payments
https://www.yahoo.com/finance/news/ibm-using-blockchain-speed-simplify-115208430.html Saw this and glance through it First thing is IBM has to team up with a startup company So much for innovation Some comments are true and funny david In other... — read more
Got the call /email Thursday
Talk about being managed out of the business. 14 years almost to the day. Mostly SWG over the years but was moved to storage two years ago. Not a shock at all , it truly was a matter of time. NO WAY to meet objectives. No need to go into all the... — read more
IBM Layoffs 2018
How about layoffs in Armonk.
Distribution software sales Next On The Lay Off
Distribution software sales this should be the next The BUE and the first line managers are some of the worst that IBM Have. North America distribution and software and their sales group are a waste of time and money for IBM . What are they do pretty... — read more
Big layoffs today and technical software sales
Big layoffs today and technical software salesRumor has it that there’s a big layoff and technical software sales I hope they get rid of all the first-line managers first
I ask this question to all IBM VPS
Why is it that IBM loses money every quarter because they pay out more than they take in . I asked why you have first-line managers and team members that live on the West Coast but 90% of their accounts are on the East Coast ? Question why not use... — read more