https://www.hindustantimes.com/business/tech-layoffs-intel-cisco-ibm-and-apple-cut-over-27-000-jobs-in-august-101725532972247.html
"decreased demand for its hardware and difficulties in expanding within the Chinese market."
"This month, IBM announced the closure of its research and development operations in China, a move expected to impact over 1,000 jobs. The US-based tech giant has been grappling with decreased demand for its hardware and difficulties in expanding... — read more
Any update to Red Hat lawsuit by Stephen Miller’s Legal Group?
Is the case still being litigated? What documents have been made available so far ?
"IBM reportedly plans to bolster its presence in India, particularly Bengaluru, creating new opportunities for Indian IT professionals."
https://androguru.com/2024/08/1000-ibm-employees-to-be-laid-off-due-to-research-labs-being-shut/
Commentary: IBM’s Sudden China Layoffs Tarnish Reputation of ‘Foreign Company Culture’
https://www.caixinglobal.com/2024-08-28/commentary-ibms-sudden-china-layoffs-tarnish-reputation-of-foreign-company-culture-102230810.html
CIO Wave 2
Wave 2 started already, check previous posts. US and other countries coming soon.
Pathetic Intel and IBM AI chips - two failures combined don't make success
So IBM decided with their AK infinite wisdom and understanding to choose Intel's AI chip for its AI cloud and Watson. The joke of the century. Intel laying off 15000 , canceling dividend and showing revenues defining for a reason. Id--t AK... — read more
Interesting article concerning AI This will influence staffing into the future
https://www.zdnet.com/article/business-leaders-are-losing-faith-in-it-according-to-this-ibm-study-heres-why/
September Threat Portfolio Layoffs
Palo deal closes on Aug 30/31. The chances for RAs occuring go up higher each day from that point. My money is on 2nd or 3rd Week of Sept. From reading between the lines in my last one on one with my manager, a tentative list has already been made. — read more
Over 65 and Band 10 ?
Definitely you are being looked at by HR for retirement.
"IBM's Chinese revenues plunged 19.6% last year despite an overall 1.6% increase across the Asian Pacific region, the SCMP said"
https://www.ibtimes.com/ibm-china-pullback-1000-jobs-3740815
"the firm declared during its earnings call that it would cut 3,900 jobs"
https://www.dqindia.com/news/ibm-shocking-layoffs-know-the-inside-story-6926938
"to move some offices to Bengaluru: Report"
https://uk.pcmag.com/processors/154065/ibm-pulls-research-operations-out-of-china-lays-off-1000-employees https://www.hindustantimes.com/business/ibm-to-cut-1-000-jobs-in-china-likely-to-move-some-offices-to-bengaluru-report-101724661266261.html — read more
IBM shuts down R&D division in China, once a major market for the tech giant
IBM will shut down its research and development division in China, resulting in layoffs affecting over 1,000 jobs, Chinese media outlet Yicai said on August 26. IBM has been struggling with falling demand for IT hardware and challenges to growth... — read more
IBM China shuts down intranet access for Chinese employees in R&D, testing positions: media reports
https://www.thestandard.com.hk/breaking-news/section/3/219772/IBM-China-shuts-down-intranet-access-for-Chinese-employees-in-R&D,-testing-positions:-media-reports
[News] IBM China Revokes R&D Staff Access, Signaling Potential Personnel Changes
https://www.trendforce.com/news/2024/08/26/news-ibm-china-revokes-rd-staff-access-signaling-potential-personnel-changes/
It appears IBM China is shrinking
https://www.ctol.digital/news/ibm-cuts-access-rd-testing-employees-china-global-restructuring/
Yet Another Lawsuit Against IBM for Racial Discrimination
https://lunduke.locals.com/post/6021616/yet-another-lawsuit-against-ibm-for-racial-discrimination https://lunduke.substack.com/p/yet-another-lawsuit-against-ibm-for
is this true?
https://www.msn.com/en-us/money/companies/ibm-fired-white-male-employee-to-adhere-with-racial-and-s-x-quotas-lawsuit-alleges/ar-AA1pcKHE?ocid=msedgntp&pc=U531&cvid=dccbbb98f67b48a7b97f2418022f4dbb&ei=64
RAd yesterday in CIO, Brazil
Got RAd yesterday in CIO - Brazil
Real reason for US tech layoff is not AI it is outsourcing.
Outsourcing And Offshoring: The American workforce may have inadvertently weakened its position during the Great Resignation and Quiet Quitting movements, compounded by the ongoing debate and drama over returning to the office. In response... — read more
replaced by [buzzword]
"IBM’s decision to cut 3,900 jobs in its marketing and communications division while freezing hires for roles that could be replaced by [buzzword] is a stark illustration of this trend."... — read more
New SLOP about Microsoft Layoffs
https://thehiltonian.com/the-impact-of-microsoft-layoffs-a-comprehensive-overview/
Intel/Cisco to layoff many H1B is to fill a gap for a corporation that cannot find enough qualified citizens. That has obviously changed and MUS
Intel/Cisco to layoff many H1B is to fill a gap for a corporation that cannot find enough qualified citizens. That has obviously changed and MUST be reassessed. Don’t renew 18000 h1b they will leave without severance package. citizen first. Hjj — read more
I have very bad team bcs my manager is incompetent
The longer I’m here, the more convinced I am that mid mgmt is especially problematic. Sure, IBM is not in the best shape, and the company in general is meandering and constantly losing its footing. But so much fails on the level of mid mgmt and that... — read more
IBM is running a puff piece about layoffs, but it's not about its own layoffs
It's an ocean of buzzwords and self-promotional puff: "with many worried about mass layoffs as a consequence of AI’s progress." https://www.itweb.co.za/article/sa-ceos-recruit-for-new-roles-amid-genai-bo-m/5yONP7Er4oNMXWrb Once upon a time news... — read more
"IBM revealed plans to lay off some employees"
https://www.timesnownews.com/business-economy/industry/layoffs-surge-across-usa-and-canada-tesla-intel-and-paypal-cut-thousands-of-jobs-as-industry-challenges-persist-article-112444056
"IBM plans to lay off some employees in 2024"
https://m.economictimes.com/news/international/business/layoffs-pile-up-in-us-canada-as-companies-uncertain-of-economy/amp_articleshow/112406463.cms
Dells restructuring takes approx 17% headcount reduction Expect IBM to follow
https://www.businessinsider.com/read-memo-dell-staff-restructuring-layoffs-jobs-ai-2024-8
IBM share price and Div both are doing good!
Must be doing something right?
Ageism at IBM Has a Long, Sad, Sordid History
https://techrights.org/n/2024/08/06/Ageism_at_IBM_Has_a_Long_Sad_Sordid_History.shtml
Pathetic inhuman IBM management
Wouldn’t it be the proper thing to do for IBM and your immediate manager to send a sympathy card and/or flowers for your mother’s funeral? I retired from IBM in 2023, but I still have a bad memory of how my manager and IBM never sent anything to me... — read more
Mainframes Find New Life in AI Era
San Francisco-based startup Mechanical Orchard aims to use its own AI to help rewrite old mainframe applications in new code, and move them to the cloud. So much for Watsonx Code Assistant. ... — read more
IBM Canada can't duck channel exec's systematic age discrimination claim
https://www.theregister.com/2024/08/04/ibm_canada_cant_duck_systematic/
At least we are not Intel
Intel laying off 15-22% of employees, stock at 50 yr lows, competitors eating their lunch - reminds me of IBM in 1992-93!
At least we are in solidarity with fellow tech companies
Our stock is going down today together with everybody else’s.
"IBM (NYSE:IBM) plans to lay off some employees in 2024 but will hire more for [buzzword]-centered roles."
https://ca.investing.com/news/economy-news/factboxlayoffs-pile-up-in-us-canada-as-companies-uncertain-of-economy-3533589
"AI" hype again
"The focus on AI roles at IBM" https://finimize.com/content/us-and-canadian-companies-continue-job-cuts-in-2024
security
What are people hearing about security layoffs today?
Layoffs are not real!
These are just rumors, IBM is actually hiring! So many positions are open, so stop spreading rumors please! Do you agree ?