Thread regarding IBM layoffs

Co-Location? Innovation? --- Obfuscation

So the mass movement of employees back to office space is in progress. Innovative? No. New, fresh, breakthrough? Please.

This is a disguised mass layoff and cost cutting move, nothing more.

The people who can't or won't move are established, experienced (expensive) people. They are being replaced by inexperienced know-nothings at half the cost.

Just to make sure the replacements understand that they are as valuable as cattle, the new offices are depressing open spaces with long tables, no dividers, and bean bag chairs. No, seriously.

That isn't going to last very long as these new folks get wiser, and the execs responsible for this idea will fail to achieve their goals trying to use these constantly churning cheap inexperienced eager beavers.

Innovative? In case you haven't been paying attention, IBM has been penny-wise and pound-foolish for many years now.

by
| 1293 views | | 3 replies (last March 30, 2017) | Reply
Post ID: @OP+MvDQ9Ch

3 replies (most recent on top)

True

by
| | Reply
Post ID: @3wdr+MvDQ9Ch

IBM cares not about loosing skills. This colocation program has everyone, even managers, sweating in their boots. No one is out of harms way. If you are single or able to move a young family it may be an adventure.

But for those who have been loyal to the company, chose to work at home to save company rental space and work around the clock, its either uproot your family and move or you get the ax. So sad.

Many in my organization are highly skilled professionals who are seasoned and have proven success to get the job done in stellar fashion -- ahead of deadline and well under budget. This infrastructure is breaking fast. Estimates are that only 25% will stay on board in marketing.

by
| | Reply
Post ID: @3yti+MvDQ9Ch

Given the huge debt IBM is carrying on the books from stock buybacks they need to keep the shell game going as long as possible before interest rates rise and a debt bomb detonates the balance sheet

by
| | Reply
Post ID: @cbo+MvDQ9Ch

Post a reply

: