Made my decision today, sayonara... Resume posted, Linkedin updated...
Warren Buffet Sells 33% of his IBM Stake
This will get Ginni fired, mark my words - she has less than 90 days... ============ Financial Times: Warren Buffett’s Berkshire Hathaway sells a third of IBM stake https://www.ft.com/content/d986ce50-3143-11e7-9555-23ef563ecf9a Reuters: Warren... — read more
Change.org petition against Gimmi
Hi All, let us not tolerate what is going on unless it is not late. let us show how many of us think SHE MUST GO. https://www.change.org/p/ibm-employees-and-shareholders-ibm-ceo-ginni-rometty-must-abdicate
Project Manager (Contractor)
Sub-contractor PM notified today will last day. No notice or transition. T&T, Account Team, and Project teams all were unaware (as was I, of course). Told it was a "Contract Cost Takeout" by my contract firm.
Apparently there is hope for IBM...
if AWS keeps making hires like this then their business will go down the tubes just like when these folks were at IBM https://twitter.com/sandy_carter/status/859062712885792772
As Buffett Dumps IBM Shares, Board Needs to Oust Ginni Rometty
In the first quarter of this year, IBM’s revenue fell 3% to $18.2 billion. Earnings fell 11% to $1.85 per share. Rometty said: “In the first quarter, both the IBM Cloud and our cognitive solutions again grew strongly, which fueled robust performance... — read more
How Warren Buffett’s IBM Sale Hurts the Dow and Hurts Ginni Rometty
Hilarious! http://247wallst.com/technology-3/2017/05/05/how-warren-buffetts-ibm-sale-hurts-the-dow-and-hurts-ginni-rometty/ "Buffett also told CNBC that Rometty asked if he had sold shares, as she had gotten reports that Buffett was selling his... — read more
No More Quarters
We who are still IBM employees don't think one quarter at a time the way Ginni does. Talking about "20 quarters of decline" is misleading. Let's tell it like it is - it's been 5 YEARS of non-stop decline. She has been failing for 5 YEARS. Good... — read more
Buffett Bails
The Oracle of Omaha admitted that in the first quarter of 2017 he sold 1/3 of his holdings in IBM which had grown to be about 81 million shares over the last 6 years. 24 - 25 million shares dumped. Tens of thousands have lost their jobs since Ginni... — read more
IBM shares fall after Warren Buffett discloses stake sale ahead of annual meeting
The death knell is tolling. . . http://www.straitstimes.com/business/ibm-shares-fall-after-warren-buffett-discloses-stake-sale-ahead-of-annual-meeting
Panic At The Disco
IBM continues its self inflicted wounds. Laying off thousands, 90 days to find a transfer job within IBM, oops, not so fast, a sudden hiring freeze ends that charade. Release contractors, no new contractors. So how can IBM function to turn things... — read more
When will Ginni Rometty be FORCED TO RETIRE
IBM Senior Executives are supposed to retire/leave at age 60. Ginni is there and IBM needs her gone. IBM needs some young new blood in the Senior Executive levels and the current wave of Senior Executives jumping from the sinking ship, IBM, proves... — read more
Good post comparing Oracle to 1985 IBM
See it here @N7m9jM9 or here https://www.thelayoff.com/t/N7m9jM9
Toppling the Idol of 'Shareholder Value'
Sounds like a spot-on assessment of Big Bleu. And be sure to check-out the article the author references from the Harvard Business Review too: https://hbr.org/2017/05/managing-for-the-long-term#the-ceo-view-defending-a-good-company-from-bad-investors... — read more
Moody's downgrades IBM ratings by one notch to A1
http://www.marketwatch.com/story/moodys-downgrades-ibm-ratings-by-one-notch-to-a1-2017-05-03 Moody's Investors Service downgraded IBM Corp.'s IBM, +0.04% Aa3 rating by one notch to A1 and revised its outlook to stable from negative. "Despite still... — read more
IBM Australia lost 1000 staff in 2016
https://www.crn.com.au/news/ibm-australia-lost-1000-staff-in-2016-460167 IBM Australia's headcount plummeted by 1000 people in a single year, during which revenue and profit also fell. Records filed with Australia's corporate regulator show that IBM... — read more
Verizon Cloud and Managed Hosting Service Acquired by IBM
They are talking about it on VZ's board here @N5HTMZj or here https://www.thelayoff.com/t/N5HTMZj It's a major s---er though
Is it Ginni or Ginny?
I see people using both, which is it?
T2R Program just annonced.
Transition 2 Retirement is back. If Ginni & her cronies don't receive enough members into this program, they'll just RA the folks anyway.
All future IBM CEOs and managers should be innovative
Dear Warren Buffet, IBM's incoming Lou Gerstner should cut a layer or two of non-technical middle management. This includes personnel, sales, marketing managers who cannot explain technology if their life depended on it. These types are easy to... — read more
75% Layoff (2010 Rumor)
Do you remember this rumor about 75% cut by 2017? Link below... Then in April, a story appeared in Personnel Today that quoted Tim Ringo, head of IBM Human Capital Management, as saying that IBM could - notice the word could - reduce its workforce to... — read more
Hiring Freeze
typical modus operandi at IBM. people interviewing and now being told company wide hiring freeze. no answer on how long. Any recent RAs....no u r not getting a job within that 90 days. requires ginnis cfos sign off...lol yeah right
IBM always recruited right out of college
IBM always recruited right out of college to keep fresh blood flowing, but they trained them, instilled work habits, standards of conduct, even including appearance and deportment. IBM produced young eager fresh thinkers, but with a culture of high... — read more
Glassdoor
I just looked at Glassdoor for the first time in many months. When did it become the PR website for IBM?
IBM CEO Rometty Says a Lower Tax Rate, Territorial Tax System Will Enable Growth
http://www.foxbusiness.com/features/2017/04/30/ibm-ceo-rometty-says-lower-tax-rate-territorial-tax-system-will-enable-growth.html BM President and CEO Ginni Rometty said Sunday that America needs a revamp of its tax system, particularly the corporate... — read more
IBM CEO: We need a new, modernized tax system
Watch the video, almost 6min. Her words are totally laughable. And it seems quite apparent that she's going into politics after she retires or is fired. http://finance.yahoo.com/video/ibm-ceo-modernized-tax-system-144409403.html
Robert Reich on Trump's Tax Plan
Ginni has to keep stroking Trump, as she's gotta be salivating with anticipation of this actually happening. And be sure to click on the WSJ article he links to in his post so you can get an historical perspective... — read more
IBM CEO Rometty: Tackling 5 Million U.S. Job Openings That Can't Be Filled
From the woman who doesn't have ceo skills http://www.foxbusiness.com/features/2017/04/28/ibm-ceo-rometty-tackling-5-million-u-s-job-openings-that-cant-be-filled.html IBM CEO Ginni Rometty said the U.S. is facing a big workforce development problem... — read more
Everyone is here for the MONEY (x-post from Intel's board)
https://www.thelayoff.com/t/N1WhxOp Intel is a dino-tech company. We've tried to dip our feet into services and consumer products, but we can't get it done. We're terrible at it. The decades of 'bozo explosion' managers have left us with silos and... — read more
IBM Pay Plan Narrowly Passes With 46% of Investors Opposed
Board’s compensation decisions draw lowest support since 2011 Proxy advisers flagged CEO’s one-time grant, lack of targets https://www.bloomberg.com/news/articles/2017-04-28/ibm-investors-slam-executive-pay-plan-as-ceo-rometty-gets-raise IBM’s... — read more
The 20 Best Companies for Work-Life Balance
IBM nowhere near the Top 20, not surprisingly. http://time.com/money/4748265/in-out-work-life-balance/ H&R Block Network Capital Funding Corporation In-N-Out Burger H-E-B Kaiser Permanente Intuit Southwest Airlines NIKE Century 21 Chick-Fil-A Capital... — read more
Which of these is not like the others?
These are headlines from various financial publications and websites: "U.S. Stocks Edge Up, Buoyed by Tech Sector" "Tech’s Titans Go From Big to Bigger; Scale of Amazon, Microsoft and Google hard to combat as tech industry shifts to new markets"... — read more
World of Watson Canceled
Ut-Oh. This just in, folks. IBM has canceled the World of Watson conference that was slated for this October. Not exactly a good thing. They say they'll fold all of their conferences together in March 2018, since nobody really goes to them anymore... — read more
IBM Australia 457 visas
They keep hiring Indians with 457 visas here in Australia, they underpay them. Meanwhile, Australian citizens are being RA'ed...
I'm with IBM on a Schwinn and everyone else is driving a Tesla
Mark Witte is the only one who challenged Ginny during the shareholders meeting... The only sign of discontent from shareholders came during the question-and-answer period. Tampa shareholder Mark Witte asked what IBM was doing to monetize... — read more
IBM hosts subdued shareholders meeting in Tampa
"CEO Ginni Rometty led the meeting, delivering an update on IBM's plans and financial performance. She reaffirmed the company's push toward software instead of hardware as its way forward." Methinks some H/W divestitures will be occurring very soon... — read more
20Q
IBM has just seen 20 quarters of falling revenue. The market has been somewhat understanding as the company goes through the transition. Many lost patience on April 18th when the Q1 earnings failed to stop the decline, and the next day the stock... — read more
How IBM wants to use Watson to better help businesses predict customer behavior
Shouldn't IBM be using their own technology first ? With revenue going down unable to renew contracts http://www.techrepublic.com/article/how-ibm-wants-to-use-watson-to-better-help-businesses-predict-customer-behavior/ IBM's cognitive processor... — read more
IBM Moves to Young, Fresh, Aggressive Thinking - It's A Disaster
Fire all the older workers and hire a bunch of young'uns. It saves a lot of money right? No, because it costs a lot more in lost skills, knowledge, culture, and work ethic. Leadership is thrashing and grasping at straws. Now they're populating Armonk... — read more
Blockchain - Hyperledger Fabric
Hi, I'm an outsider looking to get in, and have been following IBM's contributions to the open source Hyperledger Fabric project. Anyone have any insight/opinions on it, and/or the teams working on it? It looks like there's a lot of cool activity in... — read more