Earnings & Revenue beat analysts expectations *AND gross margins grew!? Someone dig-in to these misleading numbers please? https://www.cnbc.com/2020/07/20/ibm-earnings-q2-2020.html
IBM Comms Active on This Board
Just an FYI for all of you here that IBM Comms is active on this board with a goal of posting random IBM related stories in order to push down and drown any content that may be critical of the company. BTW, they've done the same thing on reddit... — read more
IBM: Just a complete shell of a former company and a fraud...
I was hit in 2015, two weeks notice that you are gone, then got 30 days more with the company to "find" a job (of course no one will talk to you). Then you are gone, no healthcare, no nothing. They cheated me on my compensation too after... — read more
PM Modi meets IBM CEO Arvind Krishna; IBM commits big investment plans for India
Apparently AK is not subject to the pandemic-induced travel ban. Also, it's not just random chance that this meeting occurred today in India, as today is when 2Q20 results are announced: ... — read more
IBM.com home page - where's the cloud?
Go on IBM.com home page and see what they are promoting. Very little about cloud or even hybrid cloud. A lot of other software stuff instead and a little on Cloud Paks. How could this be? Cloud is the end game. Look on the products menu. One... — read more
EY and IBM partner
https://seekingalpha.com/news/3592390-ey-ibm-expand-digital-transformation-alliance
Q3 Layoffs
Any updates? This is inevitable but wondering where the cuts will be.
Apple’s Cook, IBM’s Rometty, Ivanka Trump Tout Job Training
https://webcache.googleusercontent.com/search?q=cache:VOsf8mAqJVUJ:https://www.thelayoff.com/t/15Xe9ETZ+&cd=1&hl=en&ct=clnk&gl=us
CIOs Reprioritize Tech Spending in Era of Nonstop Lockdowns and Reopenings
https://webcache.googleusercontent.com/search?q=cache:yA4o6b2FoL8J:https://www.thelayoff.com/t/15YcexKy+&cd=1&hl=en&ct=clnk&gl=us
Notre Dame, IBM launch Tech Ethics Lab to tackle the ethical implications of technology
Funded by a 10-year, $20 million IBM commitment, Here's where some of the the money Big Blew _saved_ over the years through ongoing "ethical" RA's targeting older... — read more
While large US Tech companies laid off workforce in US, they invest Outside
https://www.washingtonpost.com/business/technology/google-announces-10-billion-digitization-fund-for-india/2020/07/13/2d91a0a2-c4f2-11ea-a825-8722004e4150_story.html When these tech companies at the edge of bankruptcy, they look for a bailout from... — read more
IBM Must Face Another Tech Salesman’s Capped-Commissions Suit
https://news.bloomberglaw.com/daily-labor-report/ibm-must-face-another-tech-salesmans-capped-commissions-suit
IBM and RedHat pay cuts?
I'm hearing that RedHat staff - some hired by RH, some by IBM - have been forced to take pay cuts and had commissions reduced. Anyone impacted? simon.sharwood@siptub.com for story on theregister.com if interested. Or just post here.
IBM job ad calls for 12 years’ experience with Kubernetes – which is six years old
Posting requirements for positions that are impossible to fill: looking good IBM, looking real good. . . https://www.theregister.com/2020/07/13/ibm_kubernetes_experience_job_ad/
IBM Settles With Pentagon on Long-Disputed Hacking Allegation
An 11-year-old Pentagon case against International Business Machines Corp. ended quietly in October when it agreed to pay the government $900,000 to settle claims involving hacking attacks on the National Defense University that began in... — read more
Analytics India Magazine: 6 Latest Job Openings For Data Scientists At IBM, PayPal, and More
2| Data Scientist at IBM Location: Anywhere in India Responsibilities: As a data scientist, your role will involve running workshops to define the problem statement, identifying the data that is required, cleaning up the data... — read more
IBM makes its RPA move, acquires WDG Automation
Yet another acquisition shortly after a massive RA? And in the AI space no less? Wasn't AI one of the areas that was decimated in the last RA? Apparently this skill didn't exist or couldn't be cultivated in Big Blew. ... — read more
Google Cloud beats Cloud Rivals for Deutche Bank Cloud deal. See article link below.
Deutche Bank is one of IBM's key financial industry customers. Things are not looking good for big cloud wins for IBM. And now this account will probably be in steady revenue decline. If IBM is to have any success with the bigger Cloud... — read more
Mass exodus
Anybody else thinks that the only reason there isn't a mass exodus of people from IBM right now is the state of the economy? So many people are fed up with everything that's been going on in the past several years and have now been pushed over the... — read more
So when should we expect round 2 of RA's?
I would expect at the end of this month with similar terms as previous. Notified end of month and out by beginning of September. I say that because of the sales incentive they put out for Q2 had a stipulation "must be employed in September"
These 15 Companies Could Benefit Most from the Fed’s New Bond-Buying Plan
[Couldn't quote both articles in their entirety, as it exceeded the 9000 char limit on posts]. Not a finance guy (but any finance guys out there please feel free to explain) so unsure about all of the implications with these moves by the Fed, but... — read more
2Q20 Results: Miss, Meet, or Beat?
IBM 2Q 2020 Earnings Announcement 20 Jul 2020 Huge miss on both EPS and revenue. Furloughs and another RA to follow. https://www.ibm.com/investor/events/
Companies are hiring IBM's elite hacking team to target workers in their homes
So given Big Blew is providing this service to other companies so that they can tally-up black marks against their employees, undoubtedly one has to believe that they are also doing the same against their own employees for yet another criteria in... — read more
Slack Workspace - Ibmfriends2020
For all of those IBMERS who got RA please join the Slack Workspace Ibmfriends2020. It is an amazing workspace where we help each other, give each other support exchange job postings etc. Highly recommended. Good luck.
IBM leaving Dubuque, moving jobs to Columbia, Missouri
It's official – https://www.kcrg.com/2020/07/01/ibm-leaving-dubuque-moving-jobs-to-columbia-missouri/
IBM Strategy
Any news about IBM Strategy? They are an expensive, elite group from McKinsey, Accenture, Booz etc strategy companies. Their consultants are big-ego rejects from those companies. Were they impacted in the cuts?
IBM will Cost Cut itself to an Early Grave
IBM is now fully embarked on a desperate mission to cost cut itself to success. Since it cannot grow revenue due to too many declining legacy businesses, the COVID-19 economic crisis, and difficulties competing in the emerging cloud business, IBM... — read more
More Layoffs being reported today
just got word a new round of RAs being reported today. looks like the notice is right on time for next quarter
This is True
He was motivated, he said, by “deep unhappiness working for the company.” https://westfaironline.com/126041/ibm-sues-to-stop-executive-from-working-for-microsoft/
How much has IBM changed?
This is a question for true oldtimers. I know a couple of people who retired from IBM about a decade ago and they don't believe me when I tell them how toxic this place is nowadays and how awful the work environment is. Makes me wonder, did things... — read more
Is it better to retire or get RA’d?
Asking from a purely financial point of view - medical, benefits, severance, etc. Retirement window is 2021. Sounds like the package gets you severance and lower medical for a period of time vs just retiring. Unless I’m missing something. TIA
Beware - Work from Home is one step from Work Remotely from Overseas
Note to employees loving their WFH set-up: Your jobs may be outsourced to remote workers in other... — read more
How many of you in this latest IBM resource action were new Red Hat employees?
IBM paid approximately $2.6 million to $3.0 million per Red Hat employee (depending on when you count heads - offering date or closing date). When IBM paid $35.1 billion for the corporation it added $34.1 billion in "intangible assets." This Red Hat... — read more
Donald Trump's H-1B move will hit US companies
Google, Amazon, Apple, Facebook and IBM were among the top ten recipients of fresh H-1B visas in the 2019 fiscal, according to data from US Citizenship & Immigration Services. Let's see if Big Blew is still somehow able to remain in the Top 10... — read more
IBM sues to stop a former executive from working for Microsoft
IBM, he explained, is highly centralized, and even though he was a senior executive he was not empowered to make basic managerial decisions without corporate approvals. “I attempted to change the highly centralized corporate culture at... — read more
Job Anxiety Spills Into Tech Sector
Well golly gee, I wonder why there'd be job anxiety?? By: Angus Loten June 24, 2020 https://www.wsj.com/articles/job-anxiety-spills-into-tech-sector-11593038017 Nearly half of the technology workers at companies world-wide are worried about... — read more
Separation Pay Slip (payment statement)
separation payment deposited to my bank account but did not receive payment statement . Anyone know how to get it