Now you are finally getting the point. Everyone keeps asking, where are the big layoffs he appropriated billions for? Its exponentially cheaper for IBM if you leave. Between the mandate and forcing people back to the AK office will get what he wants... — read more
IBM Is Finally Growing Again. And the Stock Is One of Tech’s Biggest Bargains
https://www.barrons.com/articles/buy-ibm-stock-tech-bargain-51637800151 (but you must pay if you want to know WHY...) Eric J. Savitz dixt
Rivals eyeing IBM spinoff Kyndryl’s sub-$50 million clients, experts say
The vultures are already circling. . . https://economictimes.indiatimes.com/tech/information-tech/rivals-eyeing-ibm-spinoff-kyndryls-sub-50-million-clients-experts-say/articleshow/87920533.cms
IBM Cast Off Kyndryl. Here’s What Investors Should Do With the Stock.
But Kyndryl is having trouble finding its own independent investor base. In late October, the stock traded above $40 on a “when issued” basis. Kyndryl opened for trading on Nov. 4 at $28.41, and has continued to fall from there. At a recent... — read more
RIP WFH
Enjoy these last weeks WFH. The announcements where worded by HR/Planning and approved by Legal this week. Get ready
IBM CEO says inflation fears could trigger ‘some chaos’
https://www.cnbc.com/2021/11/16/ibm-ceo-says-inflation-fears-could-trigger-some-chaos.html Here you go, AK already setting the stage for his upcoming excuse when the numbers fall short in 4Q 2021 and probably beyond... This guy is PATHETIC!!!
Should Arvind Krishna step down?
What do you think?
Transition to another department
I moved a lot and worked in several departments, although it has been a long time since I last made the transition. However, I have a friend for whom the transition from cloud consulting to salesforce consulting is now a mission impossible. Is the... — read more
Kyndryl Reports Net Loss For Third Quarter, Offers 2021 Full-Year Forecast
https://www.crn.com/news/managed-services/kyndryl-reports-net-loss-for-third-quarter-offers-2021-full-year-forecast Kyndryl, the spin-off of IBM’s managed infrastructure business that started trading as a public company on Nov. 4, reported $4.6... — read more
IBM researcher suing for age discrimination blames CEO Arvind Krishna for his ousting
New article published by the Register https://www.theregister.com/AMP/2021/11/22/ibm_age_discrimination/
Tech talent crunch to last for a decade: IBM
The company does not break up its employee numbers by geography, but it is estimated that it has over 1 lakh employees, or at least a third of its global strength, in India. AK is setting the predicate for massive hiring in India over the... — read more
US DoD invites Amazon, Microsoft, Google and Oracle to seek contracts for JEDI replacement system
https://www.theregister.com/2021/11/19/us_defense_jedi/
Krishna expects IBM to add thousands in its R&D business in India
.... "and tens of thousands in its consulting business." https://timesofindia.indiatimes.com/business/india-business/tech-talent-crunch-to-last-for-a-decade-ibm/articleshow/87809930.cms
IBM chief Arvind Krishna bets big on India business
Krishna, however, did not share any India hiring numbers. Of course AK didn't share any of these figures, of course not. https://www.livemint.com/companies/people/ibm-global-chief-arvind-krishna-bets-big-on-india-biz-11637321036130.html
Grow a spine too?
Think IBM will follow the same? https://www.wtkr.com/news/yall-did-us-wrong-newport-news-shipyard-employees-react-to-vaccine-mandate-suspension Nice to see some "Federal Contractors" are willing to stand up for its employees.. I am sure IBM is... — read more
IBM Arbitration Gag Rules Are Illegal, Fired Workers Say
https://www.bloomberg.com/news/articles/2021-11-18/ibm-arbitration-gag-rules-are-illegal-fired-workers-say "Rodriguez and Apana are among hundreds of workers currently in arbitration proceedings over their claims that IBM illegally fired them as... — read more
How IBM Messed Up Cloud
Protocol.com/enterprise/ibm-lost-public-cloud
False Org Re-engineering Hopes
Deadwoods Dave Interesting that Arvind thinks re-engineering the comp plans will help. It’s been done before - reps being forced to sell the product of the day, no matter how much of a dog it is or whether the market needs it. We had years of “flog... — read more
Kyndryl's Market Cap is now just $4.2B - It's suppose to be $21.4B
Per NYU Stern Business School .... the average Price-to-Sales Ratio for a "Computer Services" company is 1.11. Kyndryl's P/S equals just 0.22. P/S = Market Capitalization / Revenue ... with a P/S = 1.11, and Kyndryl's projected Revenue = $19.3B ... — read more
Do you like WebEx?
I dislike it, its resource heavy and counterintuitive… How about you?
Kyndryl sees India as big opportunity for talent, growth: CEO
https://economictimes.indiatimes.com/tech/information-tech/kyndryl-sees-india-as-big-opportunity-for-talent-growth-ceo/articleshow/87756123.cms “Here in India, our customers manage every other phone call in India, and they underpin every other... — read more
Full Interview: IBM CEO Arvind Krishna
If you can't beat them, join 'em! Also, apparently business travel is occurring again. https://www.youtube.com/watch?v=stNk2-ZosOw
OSHA stops Vaxx Mandate as 5th Circuit court stays the Mandate. Will IBM stop demanding the Vaxx?
The mandate will likely be declared unconstitutional because it is but will IBM ignore and keep demand endless vaxxing. https://www.osha.gov/coronavirus/ets2 On November 12, 2021, the U.S. Court of Appeals for the Fifth Circuit granted a motion to... — read more
Do you feel like WFH has shown you that you are not living a very fulfilling life?
Do you feel like WFH has shown you that you are not living a very fulfilling life? I’m starting to realize I was never fulfilled, I was always on the road and superbusy. Hmmm?
IBM Consulting sets up new facility in Hyderabad
Sounds like an overabundance of IBM India employees if they have to setup a new facility to house them. https://telanganatoday.com/ibm-consulting-sets-up-new-facility-in-hyderabad
Nov 16th TechCheck on CNBC: IBM / Inter as "Dino Tech" w/o identity
Start from min. 4:00 but check from min. 9:08 Dinosaur Tech companies (IBM / Intel): "they have no identity" https://techcheck.simplecast.com/episodes/bitcoins-tumble-tesla-bull-turns-bearish-qualcomm-ceo-on-investor-day
Good Times: IBM Unveils Breakthrough 127-Qubit Quantum Processor
https://newsroom.ibm.com/2021-11-16-IBM-Unveils-Breakthrough-127-Qubit-Quantum-Processor
IBM Age Discrimination Lawsuits
https://www.classlawgroup.com/employment/ibm-age-discrimination-lawsuits/
IBM: The Curse of Value (IMHO, a great summation)
IBM: The Curse of Value IBM has been wrecked by prioritizing dividends over capital spending https://investorplace.com/2021/11/ibm-the-curse-of-value/ "If there’s a Mt. Rushmore for short-sighted management, Virginia Rometty is its George... — read more
IBM creates the world’s fastest Quantum Computer
“ IBM claims it has taken a major step toward practical quantum computation. On Monday, the company unveiled Eagle, a 127 qubit quantum processor. IBM claims it’s the first such processor that can’t be simulated by a classical supercomputer” And the... — read more
It wouldn’t be bad to get laid of now
The market is hot, companies desperately need employees and pay well. I don’t know if it’s a big risk to wait and hope to become the target in early 2022 (*perhaps not, but I personally believe that if the mother of all cuts comes, it will happen... — read more
Cyber Security Sales IBM
Hey a friend of mine is interviewing for a cyber security AE job at IBM. he has other offers. What do you folks think about this?
IBM is dead as a culture
Let's face the truth. IBM is dead as a culture. The pride in the company is at an all time low. The loyalty and commitment to the company at an all time low. It's every man and woman for themselves. And the sense of a greater purpose is seriously... — read more
I don’t care what time of day my staff work, says IBM boss Arvind Krishna
I should not try to be overly dictatorial about that.” Yes, yes, because AK has plenty of other things (tyrannical vaccine mandates, etc.) to be overly dictatorial... — read more
IBM Honors Ginni Rometty with $5 Million Gift to Her Alma Mater
“A $5 million gift from IBM will endow two computer science professorships in Northwestern University’s McCormick School of Engineering in honor of Virginia M. “Ginni” Rometty ʼ79, ʼ15 H, the first woman to lead the company.”
Layoffs next week
There's talk about more layoffs next week in another post, is this true?
Kyndryl CEO Short Term Incentive
I suspect we will see short term actions to try to get short term pops on Kyndryl's stock based on the CEOs (and the rest of the C-suite's) Restricted Stock Units vesting dates. When does a Long Term Incentive Plan become a Short Term Incentive... — read more
Kyndryl weds Microsoft as independent company looks to grow cloud services
https://www.networkworld.com/article/3640400/kyndryl-weds-microsoft-as-independent-company-looks-to-grow-cloud-services.html#tk.rss_cloudcomputing
ibm is tier 5+ company, higher tier# = worse
Tier 1: all fang plus some other high paying companies like pintrest and unicorn startups Tier2: uber,lyft, msft etc. Pay a little lesser but companies are growing and relevant tech wise. Tier3: tech companies like cisco, orcl, intel,amd etc. Where... — read more