IBM’s fundamental problem isn’t the servicing of debt. They borrowed last year when rates were low to bridge them thru 2024. IBM’s fundamental problem is two fold They refuse to acknowledge that management is exceedingly overmanned and is a... — read more 

I think all those who have been here for a long time would say that this is not the same company as it used to be. So much has changed. Unfortunately, everything for the worse. Could you have ever guessed that IBM would one day be such a mess?... — read more 

Roughly 7,800 IBM jobs could be replaced by AI, automation CEO Krishna says IBM to pause hiring for replaceable roles Only 7800? It will be far more than that. "Pause". HA! Right. ... — read more 

https://news.yahoo.com/ibm-halts-hiring-7-800-011845959.html

Key Facts Krishna said in an interview he believes around 30% of about 26,000 non-customer-facing positions, like human resources jobs, could be replaced by AI over a five-year period—amounting to about 7,800 lost... — read more 

I keep reading about the "3900", but IBM has laid off thousands more since. Yet not a peep! Why hasn't this massive layoff hit the press?

https://finance.yahoo.com/quote/IBM/cash-flow?p=IBM Trailing 12 Months Cash Flow From Operations: $10.4B Long Term Debt Payments: $6.8B Cash Dividends Paid: $5.9B $2.3B more going out than coming in. Nothing left to invest in the business. — read more 

The trolls / management voted this down so here it is again https://assets.publishing.service.gov.uk/media/5f71ba7e8fa8f51895af9a52/Mr_C_Smith_vs_IBM_UK_Ltd-1305836.18_Judgment.pdf

RH Management is telling them they will get a better severance package than IBMers

I know there have been hiring freezes in many units in the past year or so, but are any of them still active? I know of at least two BUs that have been hiring lately and they had a hiring freeze in force before. Does this mean hiring has continued as... — read more 

Of course. Must show deference to the all-hallowed dividend. https://www.prnewswire.com/news-releases/ibm-board-approves-increase-in-quarterly-cash-dividend-for-the-28th-consecutive-year-301806823.html

There is an unusual fast thumbs down reaction after certain posts and comments, very quickly, sometimes within a few minutes suggesting something isn't right... Could be IBM paying social media agents to thumb down posts in a hope they won't be read... — read more 

https://www.crn.com/news/computing/red-hat-to-lay-off-over-700-employees-report

https://wraltechwire.com/2023/04/24/red-hat-cutting-hundreds-of-jobs-ceo-says-in-letter-to-employees/ Not to worry, CEO did say “We will not reduce roles directly selling to customers or building our products".. right ? right ?

If you’re recently told you are getting an increase, please post. % BU Band Country

So Arvind bought RedHat for an astonishing $34B in 2019. What was the return on this investment 4 years total so far? $2B? $4B? $10B? Or is Arvind asking to wait 10 years to judge, just like Ginny asked for her smart planet, Watson, Weather company... — read more 

...that the down vote storm is actually a Watson AI bot? It's pretty primitive AI technology but it could be trained on a lot of posts to decide good/bad. It never appears to up vote any post which would make sense with old AI (you don't want to... — read more 

Always seems to be $$$ for M&As. https://blocksandfiles.com/2023/04/20/ibm-q1-2023/

There are a lot of things that indicate that those at the top don't care at all about the future of this company, so I feel silly that I still somehow care about this mess being fixed. Just wondering, did any of you ever get the impression that... — read more 

At $6,500 seems kind of expensive!

Samsung Electronics Microsoft IBM :-\ Source: https://www.forbes.com/lists/worlds-best-employers/?sh=5ff900e21e0c

Big Blue made headlines with recent plans to cut 3,900 workers but it turns out the tech giant is actually adding more talent even with the number of job cuts... — read more 

Mr Tough Guy in Singapore now has issued PIPs all around. Less than 70%? Then you are on a PIP and will soon be out the company. No matter that the strategy from the Armonk Ivory Tower isn’t working: the poor sales are YOUR fault. Note to the... — read more 

IBM spending a lot of time in the courtroom lately. . . https://www.wsj.com/articles/globalfoundries-files-trade-secrets-lawsuit-against-ibm-57e1353b By: Dean Seal Updated April 19, 2023 4:21 pm ET GlobalFoundries Inc. GFS -1.75%decrease; red... — read more 

Job cuts may be closer to 5,000 once finished, rather than the previously announced 3,900, he said. Still, IBM hired 7,000 people in the first quarter, he added. Closer to 5K when it's all said and done, eh? Ages and country location of... — read more 

Massive cuts at Lenovo: https://wraltechwire.com/2023/04/19/lenovo-confirms-layoffs-with-computer-sales-plunging-worldwide/

There are, and have been, too many layers of mgt at IBM. Top management is too separated from the real lower-level development world. Top mgt cannot see, and does not want to see and be a part of, lower level work. This is not a new problem. .. — read more 

What is this company (Ok, I know its Presto Db Engine managed service), but what is IBM's strategy to buy it ? IBM runs a closed proprietary database called Db2. Does it mean, it will RA people working on Db2, as it shifts to using Presto ? How... — read more 

Hearing some very interesting stories from colleagues there!

3 Ways Companies Can Stop Gaslighting Workers During Cutbacks And Layoffs Know That The Workplace Is Not A Family Have A Process of Communication Support Your Team After They Are Laid... — read more 

Anyone want to wager on IBM making this mark? https://www.marketwatch.com/story/ibm-said-to-need-nearly-pristine-earnings-report-to-protect-its-stock-79526266

Way to manage your assets, IBM! https://www.cleveland.com/news/2023/04/why-is-the-ibm-buildings-parking-lot-always-empty-blame-work-from-home-or-corporate-shakeups.html "CLEVELAND, Ohio — A five-year-old office building is seemingly deserted... — read more 

With everything that is happening in this company, one of the problems that I would be worried about if I were in leadership is that there are still a large number of people leaving. What are they thinking, how will they attract such talents again?... — read more 

Hoping that things will improve at IBM has become futile.

from ... Revenue information: USD $79.1 Billion (as of 2017, Bloomberg) to ... Revenue information: USD $60.3 Billion (as of 2022, IBM)

How's that exit from chip mfg. looking now given the current geopolitical environment? https://www.youtube.com/watch?v=5IQ1DfzAD28

For those who are too young to know or have experienced it, this long article may be interesting. For those who are old enough, it's nostalgic, but my word how far IBM as... — read more 

Why serve these people any longer? It's very simple, Leave the company. It's modern caste structure in corporations now. The executive/protective class is milking "you the (slave/serf class)" in order to survive. I don't even care if you go back... — read more 

https://seekingalpha.com/article/4594020-ibm-stock-deteriorating-competitive-advantage-cloud-computing-age-concern-sell