Layoffs coming in the US across most business units. Financials are looking terrible.

IBM is a bit of a unique case, given the portfolio churn the company has been witnessing. IBM appears to have straddled between an incumbent and challenger, finally settling in as a major player in the cloud integration (hybrid cloud space) still... — read more 

Barron's Take IBM Could Struggle in the Cloud, Analyst Says — and Watch Out for Activist Investors IBM could have “little to no growth” in earnings over the next three years—and an activist investor could intervene and shake things up, one analyst... — read more 

IBM only buying Red hat thinking that their technology innovation in cloud will save IBM and they will become number one player in Hybrid cloud market. but they don't understand 80% of companies are going with one cloud provider mostly AWS with... — read more 

"I'm not buying them to destroy them. It's a win win for our clients. It's a way to drive more innovation." https://www.businessinsider.com/ibm-ceo-ginni-rometty-pledges-to-keep-red-hat-independent-2019-5

IBM's software is dying from neglect and yesterday's technology Hardware is irrelevant Services are more expensive, lower skilled, and less profitable than competitors due to overhead and all the cuts over the years. Research is a shadow of what it... — read more 

So after all, IBM may not divest/sell anymore assets to raise money for the Red Hat acquisition! This company is on a collision course with bankruptcy, one day at the time... — read more 

I lifted this off Oracle's board here, it's relevant to us as well... The source is https://www.thelayoff.com/t/YV6U2fd or hyperlinked @YV6U2fd Here is Gartner’s take (Magic Quadrants) on Cloud DBs, Storage, and Infrastructure… We are doing very good... — read more 

U.S. powers-that-be like it, so only hope now is for jurisdictions in the E.U. or Asia to raise objections and block it. https://www.newsobserver.com/news/local/article230067214.html

https://news.northwestern.edu/stories/2019/05/trustee-and-alumna-ginni-rometty-honored-with-edison-achievement-award/ Northwestern University trustee and alumna Virginia M. (Ginni) Rometty ’79, chairman, president and CEO of IBM, received a 2019... — read more 

IBM's stock price in 1999 was $140. Now it's 2019 and the price is still $140. Executives are paid based on stock price. Employees fund it. Over a span of 20 years: 100 IBM stock price increases have been followed by 100 decreases. That has resulted... — read more 

IBM's stock price in 1999 was $140. Now it's 2019 and the price is still $140.

Last year IBM layed off all of the L1 in Tucson, yet did not hire more L1 in Sofia (Bulgaria) and they are already understaffed. L2 will now have to help L1 with their call load. Escalations will have to wait. We already have one client where L2 is... — read more 

I heard a rumor that some employees at the 3600 Steele's head office in Toronto are no longer being asked to come into the office to colocate with their Squad but instead recently were directed to go back to workimg-from-home. The reason is to empty... — read more 

IBM is not gambling in the sense that its choices are random .. it is just very very very slow like we imagine dinosaurs were. Most of the things IBM is betting on are good ideas .. 10 years ago. Being late to the game probably did not matter as much... — read more 

The Microsoft-IBM comparison is a phenomenal one. Two companies, both seeing that their core businesses were slowly dying as the markets changed, embarked on a transformation. Microsoft has wildly succeeded in that transformation, IBM has utterly... — read more 

Gherson took over as HR chief in 2013, but in her 17 years at the company, she's seen plenty of change. In 2014-15, IBM was facing "massive disruption," Gherson said, from a shift to the cloud (where software is distributed online instead of through... — read more 

Ours is a tale of woe. . . https://www.thestreet.com/investing/stocks/microsoft-soars-to-new-heights-as-ibm-goes-sideways-a-tale-of-two-ceos-14939666

This weekend the House of Mouse (DIS) put a new spin on under promise/over deliver with their latest three-hour long Avengers movie. If IBM would just do less on empty over-hype and more on delivery, we would not be in this mess. Looking at you Ginni... — read more 

Here's the results of an IBM competitor that made better business moves and adjustments in a shorter period of time. Don't you THINK IBM's Board and Executives have been given ample time to turn things around? What will it take to broom these fools... — read more 

IBM has historically had a 10-1 worker bee to manger ratio. If you drop that down to 5-1 you are still looking at 250-280k worth of worker bees. So there are plenty of places to cut. It’s all about profits, margins, and getting paid without having to... — read more 

Attrition has never been as high as it is now, so I'm curious to know where are all these people going. Do they join similar big corporations, smaller companies or startups? I'd assume it's the last two, since I doubt any other big company is any... — read more 

May be some divestirures which would reduce the number of employees, but not layoffs., at least not at the bottom. IBM has already cut to the bone the people who are actually bringing in the revenues. As an example the various Lab Services teams have... — read more 

Before June 30. Some performance based (with minimal backfill), and some straight cuts. Not sure scope or scale, but some are definitely planned.

All cheer i b m https://www.theregister.co.uk/2019/04/18/ibm_watson_health/

T - 9 days. IBM board DO YOUR JOB. Yes it’s ugly, BUT that’s why you get paid the big bucks Everyone is exhausted and tired of excuses. 7 years is enough. No one is going to accuse you of jumping the gun, and not giving her enough time. IF YOU CAN’T... — read more 

a useless no good person.

Great news for folks in Singapore

The real question is what can IBM afford to dump revenue wise. IBM has become hyper sensitive to any drop in revenue and has managed it’s restructuring around it. If you downsize GTS by 1/3 can IBM absorb the drop of 8 billion. The same will be said... — read more 

And more fallout from the poor 1Q19 Results -- https://www.statnews.com/2019/04/18/ibm-halting-sales-of-watson-for-d--g-discovery/

I come to this board from time to time and I see a lot of debate about various subjects related to the company, but very little or none talk about actual layoffs happening. Does that mean that non happened recently? Is that even possible at IBM?

The timing is very very good. A very weak quarter, markets are stable and the macro outlook looks placid. It's time to pull the plug and pump in some fresh blood into the system. Let's have a CEO with a tech vision, someone who can turn things... — read more 

The IT giant's shares are lower after it beat EPS estimates but missed revenue estimates. A closer look at its numbers shows it's under performing in several areas... — read more 

So the analysts briefing (available on the stock holders relation page) was interesting. IBM has rearranged the 4 divisions to cater to Cloud. Cognitive expands, GBS stays approx the same with some slight modification, GTS downsizes, and Systems... — read more 

A true disappointment indeed. . . https://247wallst.com/technology-3/2019/04/17/year-after-year-ibm-and-ceo-rometty-disappoint/

1Q19 Results are out & they aren't very pretty. https://www.cnbc.com/2019/04/16/ibm-earnings-q1-2019.html

https://www.stuff.co.nz/business/111989386/fired-nz-computer-company-vice-president-awarded-189950-for-unjustified-dismissal

Looks like it's starting in AP first. https://www.todayonline.com/singapore/ibm-shutting-its-tampines-plant-laying-off-more-workers

https://www.theregister.co.uk/2019/04/11/ibm_age_discrimination_whistleblower/ IBM bid to unmask age discrimination whistleblower goes down in flames Judge can't believe IBM, with its Watson AI, needs help finding out about its own documents By... — read more 

Whether you are employed, unemployed or retired - can you please share what you pay for health insurance and what do you use? Is it Cobra, ACA, other private insurance?