Topics regarding layoffs at IBM

Topics regarding layoffs at IBM

IBM & Sears = Prodigy > Amazon

In the mid 90's IBM and Sears sold their interests to this group for $200 million. It was estimated that IBM and Sears had invested more than $1 billion in the service since its founding. It's a shame someone at Prodigy did not have the foresight... — read more 

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| 1480 views | | 7 replies (last January 1, 2019)
Post ID: @OP+WRC475W

Former AmEx Boss Chenault Leaving IBM, P&G Boards

It starts with a trickle. . . https://www.wsj.com/articles/former-amex-boss-chenault-leaving-ibm-p-g-boards-11545953913 Kenneth Chenault, the former chairman and chief executive of American Express Co. AXP 0.90% , is stepping down next year from his... — read more 

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| 1020 views | | 1 reply (December 28, 2018)
Post ID: @OP+WQ6VDS5

Lawyer Blog - IBM Age Discrimination.

https://blogs.lawyers.com/attorney/discrimination/ibm-age-discrimination-52401/ "However, a spokesman for IBM claims that the layoffs over the years have nothing to do with age, but rather an attempt to acquire an updated skill set, which is not... — read more 

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| 1380 views | | 4 replies (last December 29, 2018)
Post ID: @OP+WOJhH1E

Shareholder files suit over IBM-Red Hat deal

And it begins! https://www.bizjournals.com/triangle/news/2018/12/18/shareholder-files-suit-over-ibm-red-hat-deal.html Nearly two months after IBM announced plans to buy Raleigh-based Red Hat, at least one shareholder complaint over the deal has been... — read more 

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| 1170 views | | no replies yet
Post ID: @OP+WOiWp0Y

Ginni gone in 2019?

We wanted to Ginni to do better. Such promise in 2012 - along with hope for some real humanity in the nasty world of IBM senior management. The reality has been so different. Twenty two consecutive quarters of declining top-line revenue. $106 billion... — read more 

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| 1760 views | | 6 replies (last December 27, 2018)
Post ID: @OP+WNrbJKk

It’s all about the cash flow

It’s all about the cash flow!!! Wall Street has voted thumbs down on Ginni’s public plan so far. That doesn't Mean they don't Think it will succeed, BUT they think Ginni and the current management team will not pull it off. Wall Street is putting... — read more 

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| 950 views | | 2 replies (last December 28, 2018)
Post ID: @OP+WNAjM8b

IBM’s Debt and Deal Make the Stock a Big Loser Again

Merry Christmas! https://www.barrons.com/articles/ibms-debt-and-deal-make-stock-a-big-loser-again-51545652800 Big Blue’s shareholders are getting used to seeing red. International Business Machine (IBM) stock has posted the third biggest decline in... — read more 

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| 1430 views | | 4 replies (last December 29, 2018)
Post ID: @OP+WM6T0Kz

IBM’s AI- an empty package wrapped in fancy paper

I swear that not one month goes by that I don’t run into an article on the new implementation of IBM’s AI. This time it covers the announced implementation in marketing. I generally don't have anything against the implementation of AI in various... — read more 

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| 921 views | | 2 replies (last December 25, 2018)
Post ID: @OP+WMyXaxw

This is what IBM wants

An employee with the wisdom of a 50 year old, the experience of a 40 year old, the drive of a 30 year old, and the pay scale of a 20 year old. It's painful accurate this is. Companies like IBM would really like to have all of that in one person but... — read more 

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| 1430 views | | 3 replies (last December 25, 2018)
Post ID: @OP+WM4NL6c

Age discrimination

The following practices constitute age discrimination 1) Requiring workers to retire once they reach a certain age 2) Treating older workers worse than younger workers, by, for example, targeting them for layoff or discipline 3) Giving younger... — read more 

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| 1190 views | | 6 replies (last December 29, 2018)
Post ID: @OP+WLIhXGB

IBM Christmas Carol Competition

Something to sing around our log fires this Christmas as we look forward to the BIG layoffs in 2019! Away in a condo on a six foot wide bed A deluded old Ginni lay down her sweet head The stock price was falling, many clients were fu**ked, But she... — read more 

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| 1050 views | | 6 replies (last December 28, 2018)
Post ID: @OP+WLwHp0I

IBM taps Samsung for 7nm processes

So we're getting deeper into bed with Samsung. . . https://seekingalpha.com/news/3418535-ibm-taps-samsung-7nm-processes

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| 536 views | | no replies yet
Post ID: @OP+WIBFgZW

IBM and “legacy” services are over

I believe it is over as far as IBM and “legacy” services. IBM learned a very valuable lesson when they sold off System X. OVER SUBSCRIBE to the heads you are shifting. IBM will stuff that transaction as full as they can, and negotiate with Bain (or... — read more 

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| 1190 views | | 2 replies (last December 20, 2018)
Post ID: @OP+WINQiZ3

IBM is blaming its customer hahah!

Way to go, IBM! https://www.theregister.co.uk/2018/12/19/ibm_v_co_op_insurance_130m_it_revamp_lawsuit/ IBM has blamed ex-customer Co-Op Insurance for the crash of a £55m project centring on Agile software development, but admitted the systems it... — read more 

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| 1120 views | | 3 replies (last December 20, 2018)
Post ID: @OP+WHWdDP1

This makes me laugh

The rumors about Services being sold are as old as the PWC acquisition itself. At the time we all thought it was a “flip” but 20 years on we still have them. Since the downward spiral began, we hear the rumors of a sale every year. Because of the... — read more 

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| 1810 views | | 6 replies (last December 20, 2018)
Post ID: @OP+WGpOdxb

Holidays IBM Style

Modified from "Deck the Halls" Clear the halls with wads of RAs, Fa la la la la, la la la la. Tis the season to boost our net worth, Fa la la la la, la la la la. Don we now our market fa’-cade, Fa la la, la la la, la la la. Troll the public to spin... — read more 

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| 1360 views | | 8 replies (last December 22, 2018)
Post ID: @OP+WFGPIW7

Financing the acquisition of RedHat

The real question is how IBM is going to finance the $34 Billion acquisition of Red Hat? IBM is getting $1.8 Billion from the software just sold to HCL. IBM has around $13 Billion of cash on hand, but they will probably use/spend only a fraction of... — read more 

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| 1780 views | | 5 replies (last December 20, 2018)
Post ID: @OP+WF6lUhz

Ominous Friday “all hands”

Have heard several groups that have “all hands” scheduled for tomorrow, including the group I work in. Services. Anyone heard about this? Is it a reorganization or are we getting the ax?

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| 4020 views | | 20 replies (last January 24, 2019)
Post ID: @OP+WBkmcxT

Any layoffs in Research?

I'm considering leaving IBM, but I'll stick it out if there is a chance I can leave with severance. Has there been any indication of more layoffs in Research?

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| 1610 views | | 12 replies (last December 12, 2018)
Post ID: @OP+WzgQNfZ

Another Bad Bet in 2018

https://www.forbes.com/sites/bernardmarr/2018/12/10/is-this-the-end-of-blockchain/ Can Ginni and our fearless leaders make any good bets these days? First it was hybrid cloud, then Watson, then pure cloud, then blockchain, then hybrid cloud again.

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| 1190 views | | 5 replies (last December 10, 2018)
Post ID: @OP+WyvJEg7

Sell, sell, sell

I suspect the sell off of HW will encompass HW and OS’s. IBM will mine everything else SW wise since that feeds the “cloud” services model. Everything that can move to “as a service” will do so, and IBM will keep it. If you look at Power vs Z, you... — read more 

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| 85 views | | no replies yet
Post ID: @OP+WwGld1Z

Sold to HCL: Lotus Notes / Domino

Just sell everything G - keep the money flow, pump up the bonus pool... What a great way to destroy everything.... Sell, sell, sell.... https://techcrunch.com/2018/12/07/ibm-selling-lotus-notes-domino-business-to-hcl-for-1-8b/

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| 2540 views | | 10 replies (last December 11, 2018)
Post ID: @OP+WvHZFFM

Mismanagement of acquired software companies

Here’s another classic example how IBM historically mismanages software from the Companies they’ve acquired. HCL just purchased eight (8) IBM software solutions for $1.8 Billion. This price tag is slightly more than HALF of what IBM ORIGINALLY PAID …... — read more 

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| 1290 views | | 5 replies (last December 8, 2018)
Post ID: @OP+Wvg3tRu

IBM’s Ginni Rometty honored at Ad Council Dinner

Apparently too busy receiving these sorts of honors to be bothered with running an I/T company. . . https://www.thedrum.com/news/2018/12/06/ibm-s-ginni-rometty-honored-ad-council-dinner

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| 670 views | | 2 replies (last December 10, 2018)
Post ID: @OP+WvVELUN

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