1¢ – Dividend Aristocrat! https://seekingalpha.com/article/4341117-ibm-token-dividend-raise-disappointing
IBM GDP, anyone?
I would be really interested in knowing if any IBMer got these IBM stock shares that were supposed to be given as GDP this year instead of hard cold cash? I personally got nothing... anyone or Is IBM taking advantage of the virus? They sure did... — read more
Unpaid Overtime Question - going after the staffing agency or IBM!
I joined IBM as a contractor (Service Engineer) in 2014 and was part of a layoff in late 2019. A couple of months after starting work in 2014, I was asked to work OT and in some cases 18-20 hours nonstop. I was paid straight time for those OT and... — read more
IBM: More Disappointments
https://seekingalpha.com/article/4338981-ibm-disappointments
IBM Proves Why Stock Buybacks Are Wrong, According to Billionaire Chamath Palihapitiya
Back in 2018, IBM acquired software distributor Red Hat after diving into blockchain technology with its Hyperledger project. However, the company has so far failed to revive its former glory due to a lack of innovations and leadership... — read more
Has it started?
Has anybody other than contractors been furloughed or laid off yet?
Security researcher discloses four IBM zero-days after company refused to patch
AK's regime leading right out of the chute! https://www.zdnet.com/article/security-researcher-discloses-four-ibm-zero-days-after-company-refused-to-patch/
IBM research layoffs May or June
D you know any layoffs is going to happen in IBM research in incoming months with regards to New CEO or covid ? Have heard layoffs in IBM research in the past ? Esperically YKT and Albany.
Three years ago, IBM ordered staff to work in central hubs. Now its new CEO ponders mid-pandemic: Is there a better way of doing things?
And the pendulum swings the other way. WFH is now better. https://www.theregister.co.uk/2020/04/21/ibm_q1_fy2020_coronavirus/
New IBM CEO emphasizes growth, not just EPS, in first earnings call with analysts
Beyond that, though, Krishna delivered a bold proclamation. He said he wants the company to grow, and not just on the bottom line. Don't we all. ... — read more
IBM Reports Falling Revenue, Pulls Forecast on Virus Woes
IBM is on target to trim expenses by $2 billion this year, Chief Financial Officer Jim Kavanaugh said on the call. Divestitures, RA's, re-org.'s, etc. will comprise this expense... — read more
IBM First-Quarter Sales Decline as New CEO Aims to Revive Growth
https://www.wsj.com/articles/ibm-first-quarter-sales-decline-as-new-ceo-aims-to-revive-growth-11587415010 By: Asa Fitch Updated April 20, 2020 6:44 pm ET International Business Machines Corp. {IBM 0.24%} posted lower first-quarter sales... — read more
IBM revenue drops 3% from a year ago in last quarter under Rometty
It's going to get VERY ugly VERY soon. . . https://www.cnbc.com/2020/04/20/ibm-earnings-q1-2020.html
Reorg in H2
Does anyone have any insights into the inevitable reorg that will happen in H2?
Anyone listen to the INTERNAL Services Interview with Arvind and Mark Foster??
Curious as to what you thought? Specifically near the end when Mark read a question from a GTS NA Delivery person about GTS and GBS being combined for economies of scale, and Mark saying there is a huge opportunity to do more, etc. Sure -... — read more
IBM Supporting Sales Team Commissions
I know we like to get negative here, but kudos to AK for increasing the sales bonus pool and giving people who don't hit their targeted incentives a boost in pay. For example, if you hit 80% of your TI, you'll be made whole to 100%. Or if 60% of TI... — read more
IBM age discrimination lawsuit suddenly ends, suggests Big Blue was willing to pay to avoid discovery process
https://www.theregister.co.uk/2020/04/15/ibm_age_discrimination_lawsuit/?fbclid=IwAR18DhiTd_rQagNSo-o8PsR4EtoGKrvpk_IAPGTqXK1hH0DJ_JQLE0-j48A
Will New CEO Arvind Krishna Shake Up IBM or Simply Shuffle the Pieces?
Answer: shuffle. https://cloudwars.co/ibm/will-new-ceo-arvind-krishna-shake-up-ibm-or-shuffle-pieces/
How IBM’s New CEO Plans to Beat Microsoft, Amazon & Google in Cloud
It's truly amusing how AK thinks that there's a snowball's chance of this ever happening. IBM has already lost. https://cloudwars.co/ibm/how-ibms-new-ceo-plans-to-beat-microsoft-amazon-google-in-cloud/
Why companies need to reskill the workforce for the new digital economy
Ginni using the corona virus pandemic as a convenient justification to promote the "new collar" concept. Be sureto listen to her interview too, as it contains some juicy... — read more
IBM Cut Contractors rate by 25% using Covid19 as excuse
It Appears that IBM have found a new way to use the present word wide pandemic to increase their profit margins. Reduce contractors rates by 25% but carry on charging companies the same higher rate. The greed of IBM never ceases to amaze me. ... — read more
President Trump includes IBM as part of the team to re-open the US Economy. Issues a subtle warning!
"These are incredible companies that no other country can catch, if they are smart". Maybe a subtle hint at IBM and other companies with the decades long incessant need to offshore every last bit of themselves to save a penny, but lose a dollar... — read more
GBS expectations
We would aim to do this by applying the following principles across and within all GBS markets ALL Indirect and Non-Billable resources will be expected to take 5 days’ vacation preferably in April. Where this is not possible the vacation should... — read more
furlows for contractors starting today (RTP location)
Lost a contractor on my project as of last Friday, 4/10, furlow due to COVID19, with no set duration ... but 'until further notice' — will be reevaluated after covid19 settles. (?)
Guess what's heading to trial? IBM and its tactic of yoinking promised commissions after sales reps seal the deal
We'll see where it goes, but at least it's getting pushed. Suspect though Big Blew winds-up settling before a judgment is rendered. https://www.theregister.co.uk/2020/04/10/ibm_practice_of_capping_sales/
IBM Rallies COBOL Engineers to Save Overloaded Unemployment Systems
How ironic. Maybe they shouldn't have jettisoned so many grey beards. . . https://onezero.medium.com/ibm-rallies-cobol-engineers-to-save-overloaded-unemployment-systems-eeadf13eddce
Monumental Challenges
https://techcrunch.com/2020/04/10/incoming-ibm-ceo-arvind-krishna-faces-monumental-challenges-on-multiple-fronts/
The new CEO of Red Hat says the key to success will be maintaining a culture of independence from its corporate parent IBM: 'The hierarchy bugs
"My biggest fear was IBM was going to just try to s— us in," Cormier, who was then the head of Red Hat's engineering and product management, told Business Insider. Just wait Paul, just wait. ... — read more
Mandatory Vacation in Q2...
Tom Rosamilla is asking IBMers, via an e-mail, to take a week off this quarter. His note mentions further guidance will be coming for those in GTS, GBS and Systems. Untaken vacation shows up as a liability on a company's balance sheet. IBM will... — read more
CNBC's full interview with new IBM CEO Arvind Krishna
An almost 15 minute interview with AK on CNBC. Pay attention, particularly from 5:15 - 7:00, when he's discussing structural changes to the business and then from 12:24 - 14:11 when he's discussing hiring and skills across the world: read the tea... — read more
IBM’s weak response to our clients during COVID-19
Am I the only one who thinks IBM’s response to our clients during COVID-19 has been weak? Yes they have gotten the good press by contributing to the industry consortium and developing the Watson app. But IBM is a B2B company, not a B2C company. I... — read more
IBM’s new CEO takes over today — here’s his plan
Can Krishna’s leadership set IBM’s stock price on a new trajectory, and return it to its historical perch atop the enterprise tech mountain? That probably depends on two things. One: Can he make IBM a consistent top-line grower? Because... — read more
My first day as CEO - our journey together
Arvind's letter. Some of the leadership changes are interesting: Jim Whitehurst, in his new role as President, will head IBM Strategy as well as the Cloud and Cognitive Software unit, where he will oversee the foundational technologies that are... — read more
IBM 2020 Shareholders Letter
Interesting reading for folks under lockdown: https://sec.report/Document/0001104659-20-042546/
THE NEW CEO HAS BEEN SILENT FOR 2 MONTHS.
Google for "Arvind Krishna news" and the headlines are two months stale. President Trump recently suggested Google would setup a web site for testing at Walmart parking lots. Walmart was at the press conference and agreed. Google said it never... — read more
IBM will shortly layoff or furlough thousands of American workers
"IBM will shortly layoff or furlough thousands of American workers, relying on the government financial support passed the other day. Most of those workers are never coming back. What process work still needs to be done will come from India... — read more
IBM UK Give Some GTS and GBS Staff 1Years Salary Redundancy Payment While Rest Get Statutory Minimum
It’s been confirmed that there’s a third redundancy consultation going on in UK where NONE of the staff have any terms in their contracts of employment that entitle them to a defined redundancy payment. It’s also been confirmed they’re to receive a... — read more
GTS UK Extends Voluntary Redundancy "Window of Opportunity"
Hey people..... why not volunteer for a statutory minimum payoff rather than wait to see if we push you? https://www.theregister.co.uk/2020/03/27/ibm_redundancies_offer_extended/ Demonstrates perfectly the collective intelligence and spineless... — read more
IBM hired a ton of new talent
They paid 34 billion for it. You are now watching IBM implement that new talent into IBM. As that new talent comes on board, the old IBM will be downsized. That’s the plan, and it’s being ruthlessly executed.