http://www.theregister.co.uk/2017/05/16/how_to_reward_an_ibm_exec_for_lower_sales_and_shtinking_profits_promotion/ David must be stoked by his corporate elevation from UK boss seat to Europe IBM’s UK overlord David Stokes is getting his just deserts... — read more
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
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
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
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".
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/
What went wrong at IBM? Its 'master plan' has failed to deliver...
http://www.zdnet.com/article/what-went-wrong-at-ibm-its-master-plan-has-failed-to-deliver/ IBM had high expectations when Warren Buffett started buying its shares in 2011. But so far it has failed to deliver, and both turnover and profits are lower... — read more
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 stops renewing contractors, won't hire any more
https://www.theregister.co.uk/2017/05/10/ibm_australia_contractor_freeze/
IBM bolsters security software training program for vets
Anyone want to wager that Big Bleu comes nowhere close to achieving 25K vets on the payroll in the next 4yrs.? https://www.fedscoop.com/ibm-bolsters-security-software-training-program-vets/
Ginni Gets A Raise
Not a joke. She just got a raise.
Cry for International Business Machines Corp. (IBM) Stock, Not for Buffett
http://investorplace.com/2017/05/cry-for-international-business-machines-corp-ibm-stock-not-for-buffett/amp/ Best excerpt from the article -- What’s Left for IBM Stock? The cloud game is over, and IBM lost. Its vaunted Watson software system is a... — read more
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
IBM: Remote working is great! ... For everyone except us
https://www.theregister.co.uk/2017/05/08/ibm_teleworking_is_great_for_everyone_but_us/ Big Blue thinks companies should do the thing it absolutely refuses to do IBM, the company that just weeks ago said it was doing away with its work-from-home... — 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
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
Some IBM shareholders are losing patience with Rometty's big salary
http://www.cnbc.com/2017/05/05/ibm-shareholders-criticize-rometty-salary.html IBM shareholders narrowly approved a pay increase for CEO Ginni Rometty recently Rometty is among the top-paid CEOs in the S&P 500, but IBM has underperformed its peers... — 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
3 Small, Strong Competitors Are Why Buffett Should Dump IBM
https://www.forbes.com/sites/petercohan/2017/05/05/3-small-strong-competitors-are-why-buffett-should-dump-ibm/#600be42a74bb Warren Buffett has dumped a chunk of his IBM stock -- citing Big Blue's "big strong competitors." While he's right that IBM... — 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...
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.
What's IBM about? (2017 Edition)
Add your one-liner below...
"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