I don’t want to be here for the aftermath. It’s going to be a sh-tshow that the remaining people will have to sort out.
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Thousands of jobs? Try hundreds of thousands of jobs, spread over 35 years.
The unfortunate employees who are still with the company are seeing the aftermath of a decades-long process that became the core of a corporate culture. You cannot cut your way to prosperity. Only through the buildup of wealth can a company be prosperous.
In IBM's defense, they tried (weakly) to take the savings from all those fired employees to do something productive. Not being able to develop anything (anything!) internally, the executives bought up various companies over the years to keep up the product catalog. Most of those acquisitions have not amounted to much.
So that's where things are at...those who are still there are just trying to live another day.
A failed company is still failed company in anyone's book. Not even an eff-up CEO like Alvind can fix that. It's another blemish on his already pathetic record. Expect him to be bending over on the Armonk lawn grabbing his ankles when the time comes.
heard from a reliable source (executive) that the CIO will continue to thin out the ranks through mid 2025 and these plans are underway.. not sure what the strategy will be but there wont be enough folks to carry it out.. Guess the offshore strategy will march forward, and when it fails, we will get a new CEO that tries something else but alvind will go down as the turnaround CEO.... IBM is always playing catch up, never leading in anything, and their AI product is severely lacking the competition.. i dont see how they bounce back from this..
What ? No consolation prizes for those CIO managers (the old boys and girls who sit around doing nothing all day while drinking the IBM Koolaid and eating IBM snacks) who have to pick up the slack ?
Alvind is getting so cheap as we head into Q4 2024.
Eventually the will learn free to choose not not free from the consequences from their choices
Yes you do because the alternative is worse. Having been unemployed since February, I can tell you this is the worst job market I've experienced since I was RA'd from IBM in 2014. Wouldn't surprise me if we're in a depression.
For the left-behinds, congratulations! You're left holding the bag of flaming po-p! You were considered cheap and inexperienced enough to retain for a few months, and you've been set up to fail. You’ll be expected to train your replacements, the offshore staff 10 time zone away, until the end of the year when they either expect you to wash out due to missing your new targets, or burnout and quit. If it's the former, they'll give you 1-month severance for your silence, say it was due to poor performance, and brand you a loser on your way out. if it's the latter you get a goose egg.
Being RA'd amounts to 4 months of pay that will get you through January 2025 and is actually the better fate. Nobody wins with Arvind's IBM. There are only different degrees of losing.
Yes, apparently IBM is about to raise the utilization targets of everyone for the rest of the year… lol! We won’t have any problems to meet the new targets after picking up the slack from the people layed off… will just require a lot of overtime work!