Topics regarding layoffs at IBM

Topics regarding layoffs at IBM

IBM lost the battle long time ago

This board is just another proof of this - the company lost it's soul, passion, sense of purpose. All employee engagement at IBM is fake, there is no sense of loyalty (for a number of good reasons) and there is no common mission employees try to... — read more 

IBM to cut 5,000 jobs in India: Sources

http://www.gadgetsnow.com/jobs/ibm-to-cut-5000-jobs-in-india-sources/articleshow/58698863.cms IBM may let go of at least 5,000 employees over the next few quarters, people familiar with the development told ET NOW, making it the latest round job cuts... — read more 

Ginni Rometty Stepping Down Rumors

What are your thoughts? How likely is it that Ginny will step down? When would she step down? Who would be appointed as a new CEO? How would market react? What kind of impact on RAs would this have? How would the business strategy change? Chime in... — read more 

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| 6160 views | | 9 replies (last October 1, 2018)
Post ID: @OP+Nj4IuB5

Co-location Updates (Tue May 16 2017)

This is all from the Alliance's updates: Info 1: Enterprise Services Transformation was hit with colocation today. IBM decides where. 30 days to decide. Info 2: Co-Location has just hit Asset Management with everyone being told to report to one of... — read more 

The rumors of a major announcement today?

The rumors of a major announcement today to include the end of co-location and Ginni's retirement at age 60 this summer were clearly bad rumors. I have been picking up bits and pieces of info about a new co-location announcement today for Enterprise... — read more 

Top reasons for IBM woes

What good is a manager who justifies their salary by cost-savings thanks to RA? Some of the earlier commenters have pointed to incompetence of line management as one reason for IBM woes. Given sizable population of line managers, it is long overdue... — read more 

IBM Board member does it too

Here is a reason why layoffs will only continue and why Ginni the Eagle is still not fired from IBM. Mark Fields (Ford CEO) who is on the IBM board does the same stuff (see link to article below). Brace for impact fellow IBMers, it is only going to... — read more 

Big Anouncement Tuesday?

is it true that a major announcement is planned for Tuesday? Rumors include the end of co-location and Ginni's retirement at age 60 this summer. Wishing for both!

IBM: Will the Stock Lose Its ‘Buffett Premium’?

Ginni the stock spy! "Buffett said IBM CEO Ginni Rometty "was out some weeks ago” to talk with Buffett about the matter after learning of his share sale through a private “stock watch” firm that Buffett seemed intrigued was able to spy on his selling... — read more 

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| 1240 views | | no replies yet
Post ID: @OP+NfRtbZK

Not Just Buffett: IBM Unit Sells IBM, Wells Fargo

Even IBM's own pension fund managers are selling-off IBM stock! Talk about lost confidence, geeeeeez. . . "International Business Machines’ pension fund recently took a merciless axe to its equities portfolio in the last quarter, and not even its... — read more 

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| 1130 views | | 1 reply (May 15, 2017)
Post ID: @OP+NfdDSFY

Sense of foreboding....

I am in Watson Health. I have no inside knowledge, but, the climate is not what it was even a couple of months ago. It's as if we are waiting for the proverbial "shoe to drop".

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| 1350 views | | 4 replies (last May 12, 2017)
Post ID: @OP+Nfn8NKw

These Are the Top 10 Highest-Paid Executives for 2016

Take a look at #6 on the list and be certain to expand the arrow next to the Total salary figure so you can see the breakdown. Then see how long before you vomit or commit an act violence. https://www.bloomberg.com/graphics/2017-highest-paid-ceos/

Real Glassoor Review

https://www.glassdoor.com/Reviews/Employee-Review-IBM-RVW15007926.htm?utm_source=company-follow&utm_medium=email&utm_campaign=company-follow-ri&utm_content=company-follow-ri-review-title May 10, 2017 IBM Logo "IBM only cares about the shareholder... — read more 

Bring Back Lou Gerstner

IBM needs to be saved again. Palmisano was lucky, he surfed the waves that Lou put in motion, then Ginni ran aground. Where's Lou?

IBM's Watson 'is a joke'

IBM's Watson 'is a joke,' says Social Capital CEO Palihapitiya http://www.cnbc.com/2017/05/08/ibms-watson-is-a-joke-says-social-capital-ceo-palihapitiya.html IBM's Watson computing system. Palihapitiya: IBM's Watson is a joke 2 Hours Ago | 01:36 IBM... — read more 

FTEs per Manager

When I was hired at IBM (2011) my 'business direction' manager had 5 FTE's reporting to her. As of today, only 1 remains - 2 were pushed out (over 50 with 15+ years ) and replaced with a contractor, the other was moved to a new account to avoid being... — read more 

IBM Shares Down 10% In Last Month

Two things happened at IBM in the last quarter that Wall St. does not like. The first was poor financial performance. The other was an attempt by Ginni Rometty, IBM chairman, president and chief executive officer to make the numbers look better than... — read more 

Managers?

If managers have not been getting laid off until now, what have they been doing with no one to manage?

Leaving IBM

I'm turning in my notice shortly. I am wondering if there are any gotchas or quirks specific to IBM throughout the "leaving" process that I should be aware of. Any helpful tips/hints/gotchas would be very much appreciated!!

Buffett Says His IBM Thesis Was Flawed, He Blew It on Google

Just including the highlight (lowlights. . .) excerpts below the article. https://www.bloomberg.com/news/articles/2017-05-06/buffett-says-thesis-was-flawed-on-ibm-he-blew-it-missing-google Warren Buffett, who long shunned investments in technology... — read more 

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Post ID: @OP+Natzf3Z

26 percent

Since she became CEO in January 2012, revenue has declined more than 26 percent

IBM to sell GTS

I heard ramblings prior to being rAd of a GTS sell off, with the latest mass exodus of cuts to contractors and in parralel clients electing not to resign for essential service solutions, the rumour seems to be coming to fruition... at this point its... — read more 

Kaiser layoffs

This week the joy at IBM contractors on the kaiser account were let it go on my team on Tuesday. They were then called Wednesday morning and told it was a mistake. Today came around and the same contractors were then let go. It's amazing let go twice... — read more 

I was Resource Actioned yesterday

Many contractors in SO Delivery (Strategic Outsourced Delivery). I was an Intel resource as were several other cuts from my team yesterday and today. Last day is may 31st. My Vendor, Randstad, said they had a list of 300 names come in today to be... — read more 

GTS Canada Layoffs

This week GBS in Canada let go about 220 contractors - most of the cuts took part on Monday, even some were let go on Tue and Wed. By Wednesday it was over... Now we have a situation where we are left with under 50% FTE per skill (e.g., Unix, etc.)... — read more 

Losing Buffett: Why is the Board sleeping through all this?

Who are they representing other themselves. If I was to lose one of my major accounts, I'd be fired in a snap. Not to mention losing my biggest account... That's exactly what happened here, Ginni lost her biggest account...

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| 621 views | | no replies yet
Post ID: @OP+N8xLlSp

TBmG

I bet that all of the TBmG (True Blue mini-Ginnis) at the conference in Hawaii right now are listening to Ginni tell them that they need to do whatever it takes to get Warren Buffet back in the boat.

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| 3821 views | | no replies yet
Post ID: @OP+N84aULF

"What is the mood in IBM offices now?"

It's ugly. Execs are panicking and putting extreme pressure on everyone below them, and it's going right down the line in management to the grunts. Managers are panicking because the big rumor is that the next big cut (soon) will have a lot of... — read more 

The Story of Declining IBM Revenue

IBM Annual Revenue in Billions (USD) ====================================== (2011) $106.9 (2012) $102.9 (2013) $98.4 (2014) $92.8 (2015) $81.7 (2016) $79.9 (2017*) $78.3 (2018*) $78.2 Note: * Estimated

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