Topics regarding layoffs at IBM

Topics regarding layoffs at IBM

I was Resource Actioned yesterday

Many contractors in SO Delivery (Strategic Outsourced Delivery). I was an Intel resource as were several other cuts from my team yesterday and today. Last day is may 31st. My Vendor, Randstad, said they had a list of 300 names come in today to be... — read more 

GTS Canada Layoffs

This week GBS in Canada let go about 220 contractors - most of the cuts took part on Monday, even some were let go on Tue and Wed. By Wednesday it was over... Now we have a situation where we are left with under 50% FTE per skill (e.g., Unix, etc.)... — read more 

Losing Buffett: Why is the Board sleeping through all this?

Who are they representing other themselves. If I was to lose one of my major accounts, I'd be fired in a snap. Not to mention losing my biggest account... That's exactly what happened here, Ginni lost her biggest account...

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Post ID: @OP+N8xLlSp

TBmG

I bet that all of the TBmG (True Blue mini-Ginnis) at the conference in Hawaii right now are listening to Ginni tell them that they need to do whatever it takes to get Warren Buffet back in the boat.

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Post ID: @OP+N84aULF

"What is the mood in IBM offices now?"

It's ugly. Execs are panicking and putting extreme pressure on everyone below them, and it's going right down the line in management to the grunts. Managers are panicking because the big rumor is that the next big cut (soon) will have a lot of... — read more 

The Story of Declining IBM Revenue

IBM Annual Revenue in Billions (USD) ====================================== (2011) $106.9 (2012) $102.9 (2013) $98.4 (2014) $92.8 (2015) $81.7 (2016) $79.9 (2017*) $78.3 (2018*) $78.2 Note: * Estimated

Dinosaur Tech

Made my decision today, sayonara... Resume posted, Linkedin updated...

Warren Buffet Sells 33% of his IBM Stake

This will get Ginni fired, mark my words - she has less than 90 days... ============ Financial Times: Warren Buffett’s Berkshire Hathaway sells a third of IBM stake https://www.ft.com/content/d986ce50-3143-11e7-9555-23ef563ecf9a Reuters: Warren... — read more 

Change.org petition against Gimmi

Hi All, let us not tolerate what is going on unless it is not late. let us show how many of us think SHE MUST GO. https://www.change.org/p/ibm-employees-and-shareholders-ibm-ceo-ginni-rometty-must-abdicate

Project Manager (Contractor)

Sub-contractor PM notified today will last day. No notice or transition. T&T, Account Team, and Project teams all were unaware (as was I, of course). Told it was a "Contract Cost Takeout" by my contract firm.

Apparently there is hope for IBM...

if AWS keeps making hires like this then their business will go down the tubes just like when these folks were at IBM https://twitter.com/sandy_carter/status/859062712885792772

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| 924 views | | 2 replies (last May 6, 2017)
Post ID: @OP+N8Dypc8

No More Quarters

We who are still IBM employees don't think one quarter at a time the way Ginni does. Talking about "20 quarters of decline" is misleading. Let's tell it like it is - it's been 5 YEARS of non-stop decline. She has been failing for 5 YEARS. Good... — read more 

Buffett Bails

The Oracle of Omaha admitted that in the first quarter of 2017 he sold 1/3 of his holdings in IBM which had grown to be about 81 million shares over the last 6 years. 24 - 25 million shares dumped. Tens of thousands have lost their jobs since Ginni... — read more 

Panic At The Disco

IBM continues its self inflicted wounds. Laying off thousands, 90 days to find a transfer job within IBM, oops, not so fast, a sudden hiring freeze ends that charade. Release contractors, no new contractors. So how can IBM function to turn things... — read more 

When will Ginni Rometty be FORCED TO RETIRE

IBM Senior Executives are supposed to retire/leave at age 60. Ginni is there and IBM needs her gone. IBM needs some young new blood in the Senior Executive levels and the current wave of Senior Executives jumping from the sinking ship, IBM, proves... — read more 

Toppling the Idol of 'Shareholder Value'

Sounds like a spot-on assessment of Big Bleu. And be sure to check-out the article the author references from the Harvard Business Review too: https://hbr.org/2017/05/managing-for-the-long-term#the-ceo-view-defending-a-good-company-from-bad-investors... — read more 

Moody's downgrades IBM ratings by one notch to A1

http://www.marketwatch.com/story/moodys-downgrades-ibm-ratings-by-one-notch-to-a1-2017-05-03 Moody's Investors Service downgraded IBM Corp.'s IBM, +0.04% Aa3 rating by one notch to A1 and revised its outlook to stable from negative. "Despite still... — read more 

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Post ID: @OP+N6cEjoc

IBM Australia lost 1000 staff in 2016

https://www.crn.com.au/news/ibm-australia-lost-1000-staff-in-2016-460167 IBM Australia's headcount plummeted by 1000 people in a single year, during which revenue and profit also fell. Records filed with Australia's corporate regulator show that IBM... — read more 

T2R Program just annonced.

Transition 2 Retirement is back. If Ginni & her cronies don't receive enough members into this program, they'll just RA the folks anyway.

All future IBM CEOs and managers should be innovative

Dear Warren Buffet, IBM's incoming Lou Gerstner should cut a layer or two of non-technical middle management. This includes personnel, sales, marketing managers who cannot explain technology if their life depended on it. These types are easy to... — read more 

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Post ID: @OP+N5DxoFl

75% Layoff (2010 Rumor)

Do you remember this rumor about 75% cut by 2017? Link below... Then in April, a story appeared in Personnel Today that quoted Tim Ringo, head of IBM Human Capital Management, as saying that IBM could - notice the word could - reduce its workforce to... — read more 

Hiring Freeze

typical modus operandi at IBM. people interviewing and now being told company wide hiring freeze. no answer on how long. Any recent RAs....no u r not getting a job within that 90 days. requires ginnis cfos sign off...lol yeah right

IBM always recruited right out of college

IBM always recruited right out of college to keep fresh blood flowing, but they trained them, instilled work habits, standards of conduct, even including appearance and deportment. IBM produced young eager fresh thinkers, but with a culture of high... — read more 

Glassdoor

I just looked at Glassdoor for the first time in many months. When did it become the PR website for IBM?

IBM CEO: We need a new, modernized tax system

Watch the video, almost 6min. Her words are totally laughable. And it seems quite apparent that she's going into politics after she retires or is fired. http://finance.yahoo.com/video/ibm-ceo-modernized-tax-system-144409403.html

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Post ID: @OP+N3CYQR2

Robert Reich on Trump's Tax Plan

Ginni has to keep stroking Trump, as she's gotta be salivating with anticipation of this actually happening. And be sure to click on the WSJ article he links to in his post so you can get an historical perspective... — read more 

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| 561 views | | 1 reply (May 1, 2017)
Post ID: @OP+N3WP09N

Everyone is here for the MONEY (x-post from Intel's board)

https://www.thelayoff.com/t/N1WhxOp Intel is a dino-tech company. We've tried to dip our feet into services and consumer products, but we can't get it done. We're terrible at it. The decades of 'bozo explosion' managers have left us with silos and... — read more 

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Post ID: @OP+N2IomR7

IBM Pay Plan Narrowly Passes With 46% of Investors Opposed

Board’s compensation decisions draw lowest support since 2011 Proxy advisers flagged CEO’s one-time grant, lack of targets https://www.bloomberg.com/news/articles/2017-04-28/ibm-investors-slam-executive-pay-plan-as-ceo-rometty-gets-raise IBM’s... — read more 

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Post ID: @OP+N2xaANJ

The 20 Best Companies for Work-Life Balance

IBM nowhere near the Top 20, not surprisingly. http://time.com/money/4748265/in-out-work-life-balance/ H&R Block Network Capital Funding Corporation In-N-Out Burger H-E-B Kaiser Permanente Intuit Southwest Airlines NIKE Century 21 Chick-Fil-A Capital... — read more 

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| 820 views | | 4 replies (last April 29, 2017)
Post ID: @OP+N1YqeLc

Which of these is not like the others?

These are headlines from various financial publications and websites: "U.S. Stocks Edge Up, Buoyed by Tech Sector" "Tech’s Titans Go From Big to Bigger; Scale of Amazon, Microsoft and Google hard to combat as tech industry shifts to new markets"... — read more 

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| 614 views | | 1 reply (April 28, 2017)
Post ID: @OP+N12rjt9

World of Watson Canceled

Ut-Oh. This just in, folks. IBM has canceled the World of Watson conference that was slated for this October. Not exactly a good thing. They say they'll fold all of their conferences together in March 2018, since nobody really goes to them anymore... — read more 

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