Looks like IBM figured out how to get a new wave of people out before they have to pay the 401k match on Dec 15. Employees are reporting that they are being placed on Performance Improvement Plans (PIPs) for 30 days. No improvement equals fired. Same as last time IBM used this ploy, many have a track record of consistent strong performance - ratings of 1 and 2 range on PBCs. Evil knows no bounds. Hope they get what they deserve on the 19th after 3Q earnings are disclosed, and hopefully Rometty finally gets fired.
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This is exactly what happened to me (and many others) earlier this year. I was part of a 2015 deal (that went through Ginni's office after a press comment) that netted IBM a pretty penny. I expected some reflection on my 2015 peformance...the two reps on the deal got to go to Hawaii. I got a PIP then RA'd. It's a cheap and dirty way to lighten the sinking ship. And God help you if you're over 50.
Ginni will hang around as the fall guy. I can't think of any other reason the BOD hasn't booted her.