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...
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.
What's IBM about? (2017 Edition)
Add your one-liner below...
"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
As Buffett Dumps IBM Shares, Board Needs to Oust Ginni Rometty
In the first quarter of this year, IBM’s revenue fell 3% to $18.2 billion. Earnings fell 11% to $1.85 per share. Rometty said: “In the first quarter, both the IBM Cloud and our cognitive solutions again grew strongly, which fueled robust performance... — read more
How Warren Buffett’s IBM Sale Hurts the Dow and Hurts Ginni Rometty
Hilarious! http://247wallst.com/technology-3/2017/05/05/how-warren-buffetts-ibm-sale-hurts-the-dow-and-hurts-ginni-rometty/ "Buffett also told CNBC that Rometty asked if he had sold shares, as she had gotten reports that Buffett was selling his... — read more
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
IBM shares fall after Warren Buffett discloses stake sale ahead of annual meeting
The death knell is tolling. . . http://www.straitstimes.com/business/ibm-shares-fall-after-warren-buffett-discloses-stake-sale-ahead-of-annual-meeting
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
Good post comparing Oracle to 1985 IBM
See it here @N7m9jM9 or here https://www.thelayoff.com/t/N7m9jM9
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
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
Verizon Cloud and Managed Hosting Service Acquired by IBM
They are talking about it on VZ's board here @N5HTMZj or here https://www.thelayoff.com/t/N5HTMZj It's a major s---er though
Is it Ginni or Ginny?
I see people using both, which is it?
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
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 Rometty Says a Lower Tax Rate, Territorial Tax System Will Enable Growth
http://www.foxbusiness.com/features/2017/04/30/ibm-ceo-rometty-says-lower-tax-rate-territorial-tax-system-will-enable-growth.html BM President and CEO Ginni Rometty said Sunday that America needs a revamp of its tax system, particularly the corporate... — read more
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
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
IBM CEO Rometty: Tackling 5 Million U.S. Job Openings That Can't Be Filled
From the woman who doesn't have ceo skills http://www.foxbusiness.com/features/2017/04/28/ibm-ceo-rometty-tackling-5-million-u-s-job-openings-that-cant-be-filled.html IBM CEO Ginni Rometty said the U.S. is facing a big workforce development problem... — read more
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
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
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
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
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