Lots of folks talking about the impending layoff that's incoming, but very few real details with specifics to back them up. I think it's time we get a thread together that has real information rather than just rumors. If you know the facts, post them below.
35 replies (most recent on top)
@4bav+1579w8UM - problem is what does Lenovo do with DCG now. These layoffs are not the solution. Cutting staff and expecting to suddenly increase revenue and profits is backwards logic.
So lets assume the long term goal here is to dump DCG. You can't just dump it into the ether, you have to recover something from the investment. Problem is, who's buying?
What organization in the world today has interest in a data centre manufacturer with the footprint Lenovo has. Of the orgs that have interest, who has enough capital to spend. Of those, who's dumb enough to buy...
I'm coming up empty on anyone. Open to feedback on that.
Also, hearts out to everyone affected today. Stay strong and believe something better is on the horizon.
Layoffs today, at least 2 in DCG server hardware, rumors of course of many more. Last day end of June. looks like severance package of 2 weeks/year of service still in effect. Some period of insurance at company premiums, don't have details.
Bonuses are paid correctly to employees for last fiscal year performance, that ended 31st March.
Nothing cruel about it, performance units that met or exceeded their results, got a pay out.
DCG did not meet any of its targets, None. The largest expense of that unit is corporate jobs in America, Let them go. They failed, again, 6 YEARS IN A ROW, 24 quarters without earning the corporation a thin dime in profit.
It is an IBM Executive culture, led by an Intel Dreamer.
If DCG was led by an executive in any other geography it would break even in 3 months.
LET IT GO.
@3mxq+1579w8UM,
You can tell your Director to her face that she is a two-faced liar. There are PCSD team members being let go. Let that sink in. Your Director who is Band 10 just lied straight to your face. Does that tell enough about the type of people that are "leaders". Now, she knows she told you no layoffs and there were. Where does that put you on her chopping block when these cuts are not enough?
I just got told I’m being let go. Almost 21 years between IBM and Lenovo to the day full time and couple years of co-ops before that. It feels really strange leaving the place that’s pretty much been a constant for over half my life. I’m excited to try something new but it sure feels different right now.
Take care everyone!
RTP is chopping head count today.
Which DCG locations?
Layoffs are happening in DCG today.
@4awq+1579w8UM IDG I presume?
No layoffs this quarter! That was a welcome email, lol. Glad they sent it out early today so we didn't have to keep refreshing our inbox.
renee keeps telling the world, dcg supply chain is moving up all the best in the world,
if i shipped loss making products, i would not be proud i got them there faster.
They get lost and write long weird thought leadership posts on LinkedIn. They are trying.
renee ure maybe ?
talks absolute drivel,
386
in usa,
told you this aleady, happens in the morning 28th,
Met with Director today for 1:1 and she said no layoffs at all in PCSD. Sounds like it is all confined to DCG and very small minimal impact.
I don’t think so. I think they are well meaning but not well rounded. It seems to me that the managers are really good at one thing (eg. good at operations, or product or supply chain or sales) and they get promoted to do a lot more and just can’t handle it. They get lost and write long weird thought leadership posts on LinkedIn. They are trying.
Do you feel your american manager is more like a person growing up in china, as they stayed in lenovo longer and longer..
This is how I noticed, these independent thinking starts to strip away, and they become part of the system, vivid for me as I see their american spirit got stripped away by themselves or just the culture..
Lenovo overall think server market = a pc market and everything is super easy and replaceable, hence you can see the attitude toward the DCG.
- in USA
terrible burden on the company, should never have bought IBM servers aka DCG, worst performing business in history of lenovo.
The answer to not making last year's goals is to have even higher goals for the coming year. The entire theme of the all-hands was "cut-cut-cut". Someone actually touched on the question in the Q&A (surprisingly), and the response incorporated words we've all learned to recognize, such as "skills balancing" and "site reductions" after mentioning that hundreds of millions were spent in China on increased head counts. I'd say DCG executives are as scared as the rest of us.
@2uka+1579w8UM - there are literally 0 people saying "no layoff" in this thread and only people asking for more info. People like YOU are the ones just spouting conjecture and guess work in a thread full of worried employees.
You calling someone uneducated with your poor reading comprehension is really the icing on the cake here pal. And then asking for a real name like some wannabe.
All I can say is I care about the folks worried out there and want them to get real information from actual knowledge sources. From your post,it seems like you don't qualify. So again, take your sh– posting elsewhere and have a good day.
Some people are very naive, especially DCG. The head of Development exits last week. There is an all hand meeting and it will be "this is the greatest time in the world to be working for Lenovo, the skies the limit, our employees are the best and the reason we will be the best". Then the day after there is an RA of 10% of the Morrisville area. Do you really think that contractors exiting on 4/30 was the end? 3 weeks later the Exec is exited? Then an all hands followed by layoffs. This is what they have done every 6 months.
If you are so confident that there are no layoffs this week, post your real name so we and Lenovo will know how uneducated you really are. Wake up.
@2uld+1579w8UM - do you get excited when typing a huge post about how negative things are out there, just to stress other people out? The intent here is to provide real information to employees that might come to this post that are worried for their jobs. Not to perpetuate the already negative reality of the world we live in. If you're going to call anyone an id–t, start by slapping the nametag on yourself first...
And you're wrong, FYE is March 31st. Not June 30. Based on that alone I'm confident you have no idea what you're talking about. So do everyone a favor, take your sh– posting elsewhere. And have a great day!
I love reading comments from the id–ts that have no clue. Then they come back and say how did I not know. When contractors are exited, FTE follow shortly after. FYE is June 30th and they don't want to drag the burden in to FY2021. You can see the writing on every wall and continue to ignore it. Ask yourself this: Have contractors been terminated? Have Execs left? That all lines up to sweeping FTE losing their jobs. DCG will be losing a large number of jobs this week. Almost all will be in the US. As much as I would like to say that there are jobs out there, that is simply not the case at this point in time. There are no companies expanding workforce. Most are maintaining because of the bailout money they received. Once those terms are done, they will reduce workforce as well. IBM just laid off, Lenovo is laying off, and if you are not in the pharmaceuticals, not many companies hiring.
In a great job market like a year ago, it was easy to find employment. Not so much now. If you want to truly see the impact of being let go from Lenovo, take a look at your benefits. There is a little thing there about unvested medical. Anyone with a lot of time in from IBM and/or Lenovo will see that little piece you don't get. In many cases it funds a good portion of your severance. It costs Lenovo little to let you go. I feel sorry for all those that stayed since the last one and more sorry for those affected by this one. Finding new employment will be 6-18 months process. The other issue is that the pay is going to be drastically lower 1,000 people vying for the same position puts the power back to the company to pay less. Companies will also look more to contract work because it is easier in uncertain economies. Nothing like working that way with layoff potential every day.
Good luck to all that are affected. There is better out there. If you are not affected this time, still jump ship now if you can. It’s for the best.
I am curious do you work at Lenovo? If you did you would be hearing the rumble of the dates and the groups that will be cut. I have been part of the IBM to Lenovo move and I just left several months ago for a new job in a different sector. The "leadership" at Lenovo is trying to cut their way to making a profit so they can get a bonus. Unfortunately, it is a short term play. IBM / Lenovo used to be number one in SAP HANA sales. As they kept cutting and cutting they got rid of people in the AE and SE community who could ask a customer about the plans they had for moving to HANA or what were they currently doing to leverage big data. Those people are gone. Lenovo believes that the partner community can deliver the expertise to design and close SAP HANA deals. I have yet to meet with a partner who has those skills. Let's all come together on May 29th and review what has happened.
Best of luck to all that are about to be affected. You will find a better place to work and grow.
What about PCSD services?
WW Marketing, DCG all divisions, PCSD Mid-market and SMB Sales, and BTIT will all have cuts. 10%-20% in US BTIT organization, 10% WW Marketing, VERY large cuts for DCG. Not sure about sales, that might not be layoffs and might just be low performers cut.
@1xyn+1579w8UM - excellent question! The website allows anonymous posting, right? So I would probably assume OP means let's hear specifics on number affected, teams affected etc.
@1vkn+1579w8UM: How exactly does one provide "proof"? One example might be to point to a published article online with the announcement or cuts. By that time, it will be known to most, if not all employees. Unfortunately, it's all conjecture on a site like this until someone does indeed provide proof – after the fact.
@1gmu+1579w8UM - this is an old cop out. People making claims of an impending RA need to provide proof. It's not on the people hearing it to go find out more. That's how things work...
Ask your executive. I’m sure he/she/it will tell the truth.
I think it is more appropriate to have an all hands before a RA this year. Let the people know that the events happening in the world are external and it’s not their fault.
@jcn+1579w8UM - while the timing seems interesting, last years all hands call was after the RA that happened. So the SLT had the chance to talk about it. Are they going to have an RA after an all hands this year? I don't know. The fact is, until we have some real facts (i.e. X amount of people affected, these teams are hardest hit etc.) we're all just speculated and worried. The people who are propagating the stress are doing so for no reason
Interesting fact. Last year they announced layoffs after memorial day. This year there is an all hands call for DCG the day after Memorial day. Could be Lenovo announcing some some restructuring. I heard from a director that changes are coming.
@dvy+1579w8UM - my point is all they said is that we'll find out on the 28th.... not much more. Need more details if someone is going to believe that.
Go back and pay attention to whoever said you will find the details on 28th. Of all the comments made here, he/she is the one who knows...