Topics regarding layoffs at IBM

Topics regarding layoffs at IBM

This business model will break down soon

Acquisitions, layoffs, acquisitions, layoffs, cuts, cuts, acquisitions, jumping from workforce to workforce across the globe, more layoffs. The point of it all - bonuses for the mgmt, buybacks, more bonuses, more money for shareholders, more shares... — read more 

How many layoffs will have to happen to pay for this?

IBM Nears Deal To Buy Software Company Apptio For $5 Billion International Business Machines Co. (NYSE: IBM) is nearing a deal for the acquisition of Apptio Inc., a cloud-based business software company, for about $5 billion, the Wall Street... — read more 

IBM RA tsunami to hit Eastern Europe

http://rsuibmsegrate.altervista.org/20240208.pdf It has been officially confirmed that a Resource Action (RA) will be implemented worldwide in early 2024, which will impact Europe more significantly than in 2023. Around 80% of the current reduction... — read more 

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| 4650 views | | 10 replies (last February 27, 2024)
Post ID: @OP+1reSc6PI

RTO for non-manager...

Still so much confusion about RTO for non-managers... The CEO clearly stated that RTO is for Execs and Managers only... yet, the lower management ranks, VP and under still claim that RTO is also for employees that are within 50-miles from an IBM... — read more 

Some analysts seem to have faith in IBM

Where Will IBM Stock Be in 5 Years? IBM has prioritized capitalizing on the growth of the worldwide hybrid cloud computing market. The company’s new business model is monetizing every aspect of what customers need once they adopt an IBM cloud... — read more 

MCC MASS LAYOFFS COMING

If you are in the marketing and communications organization at IBM please start polishing your resumes and reaching out to your connections. IBM is going to do mass role terminations and hire low-cost talent in Bucharest, Bratislava, bogota, and... — read more 

IBM paradox in a nutshell

It's a paradox: on one hand, there's outstanding research and patent achievements, yet on the other, a struggle to remain contemporary and impactful. After spending years in Silicon Valley, I joined this company, anticipating insights into the... — read more 

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| 1110 views | | 2 replies (last February 16, 2024)
Post ID: @OP+1r6OoelQ

RA in the pipeline

Talking to some manager and directors recently. There are RAs in the pipeline in T&O from what it sounds like. Probably the larger CIO org. Do with that what you will

Parents rip NYC over remote learning failures during winter storm as DOE puts blame on IBM: ‘Disappointed, frustrated and angry’

Schools Chancellor David Banks pointed the finger at IBM for the remote learning meltdown, insisting the DOE’s internal team had “checked all the boxes.” “IBM was not ready for primetime,” Banks told reporters at a City Hall... — read more 

PIP and Severance package

Anyone in consulting can explain if being fired after put in PIP for utilization (there are no contracts thus no chargable hours) gets you a severance package. Also are you fired the last day of the PIP or given a couple of weeks. I'm not yet in PIP... — read more 

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| 2320 views | | 7 replies (last February 21, 2024)
Post ID: @OP+1r3cKLh8

RTO / SEPARATION OPTIONS?

Has anyone seen exactly what the separation package is? Previous packages have been three months' pay, one month's pay, and way back - a month for every year. How are employees supposed to make such huge decisions without any information on what... — read more 

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| 3190 views | | 14 replies (last February 21, 2024)
Post ID: @OP+1r3pPtgg

Pension Stripping Threatens America’s Retirees

Always remember that any moves IBM makes w.r.t. employee benefits is always to advantage them and disadvantage the employee. Always. https://www.nextavenue.org/pension-stripping-threatens-americas-retirees/

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| 565 views | | no replies yet
Post ID: @OP+1r2jIxGI

IBM losing Clients faster than signing new ones

I have noticed lately that at least in the area I work, ibm consulting us public sector, that we are losing clients faster than signing on new clients. Anyone noticing this in other departments/divisions of ibm?

F&O layoffs in US?

Rumor has it there are significant cuts coming to F&O in US. High percentages were thrown around, but that may be specific on individual teams. Anyone has more details? Will they be focusing on people who are far away from the offices? Will it be... — read more 

IBM is the leader in AI-related patents

IBM — not Microsoft, Google or OpenAI — tops the list of firms with the most AI-related U.S. patent applications over the last five years, according to research shared first with Axios. Why it matters: While patents are just one indicator of... — read more 

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| 820 views | | 7 replies (last February 16, 2024)
Post ID: @OP+1qYK5F2z

IBM has peaked

Isn't it sad to know that the company you work for peaked decades ago and it's only downhill from this point on? I have to say, I envy those of you who worked at IBM when it was at its full strength. I heard great things about those times from older... — read more 

Power cloud news

https://www.theregister.com/2024/01/25/ibm_cloud_toronto_migration/

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| 1270 views | | 6 replies (last February 8, 2024)
Post ID: @OP+1qWXsgPB

AI too costly to replace humans

With AI replacement becoming the excuse No.1 for so many layoffs recently, it is illuminating to look at the results of the recent Stanford Study. It showed that AI may prove more expensive than human workers for years, maybe decades, to come. If... — read more 

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| 1140 views | | 3 replies (last February 4, 2024)
Post ID: @OP+1qSEAshW

RTO and activist investors

I know most employees dont care about activist investors, but that is the real source of the RTO mess. For years IBM hasnt returned the best stock results. Its not a secret, IBM hired expensive consultants to find ways to defend against activists... — read more 

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| 1320 views | | 9 replies (last February 9, 2024)
Post ID: @OP+1qScLhk3

I would make them fire me

I'm not a manager, but this ultimatum of "come into the office or leave" is ridiculous. I would not comply and I would most certainly not leave. They can either lay you off (in which case you get severance) or fire you (not as good but at least you... — read more 

Some people get it

Why bosses forcing workers to return to the office is a mistake—and what to do instead Donald Knight, chief people officer at Greenhouse argues that forcing workers back into the office is harmful to a company culture and its bottom line... — read more 

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| 1220 views | | 3 replies (last February 6, 2024)
Post ID: @OP+1qRrBbLB

RTO slight retraction Rumor

I heard a rumor that the RTO ultimatum has been rolled back to "Encourage rto if within 50 miles of an office, but not required. Adding that they instead want people to meet up with other IBM'ers 12 times a month, which can be lunch, coffee, happy... — read more 

RTO

What’s the point of mandating executives and managers to RTO if the teams they manage don’t need to do the same? Obviously this is a ploy to reduce managerial headcount without having to pay severance costs…anyone with half a brain can see this for... — read more 

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| 1760 views | | 7 replies (last February 1, 2024)
Post ID: @OP+1qPL3dEn

Scope of yesterday’s layoffs?

I am hearing the National Market was hit hard. Any other areas? Is this just the beginning? If you have been affected, pls post which BU.

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| 2820 views | | 8 replies (last February 3, 2024)
Post ID: @OP+1qP8DwdP

RTO ultimatum to managers

“International Business Machines Corp. delivered a companywide ultimatum to managers who are still working remotely: move near an office or leave the... — read more 

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| 1190 views | | no replies yet
Post ID: @OP+1qPeYCFi

Layoff

They layoff two of my coworkers today. Don’t know what that means , but hopefully I’m not next

Citi card?

Hi - has anyone applied for the citi card in canada and have you received it yet? I have not. Trying to determine if that means I'm on a list ;)

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| 1350 views | | 5 replies (last January 30, 2024)
Post ID: @OP+1qMiCGeX

Latest earnings any reason to gloat?

Saw the recent earnings announcement. While they are somewhat respectable, are they really anything for the IBM executives to be gloating over? When they mention layoffs, it kind of ki-ls the excitement for us ground troops.

Remote Workers Bear the Brunt When Layoffs Hit

For those who are wondering who's going to be targeted in the upcoming RA, now you know. https://www.wsj.com/lifestyle/careers/layoffs-remote-work-data-980ed59d By: Te-Ping Chen Jan. 26, 2024 5:30 am ET Laying off employees is complicated. New... — read more 

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| 2100 views | | 5 replies (last January 29, 2024)
Post ID: @OP+1qLC7qYs

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