if you don't accept the IBM offer you get nothing at all, no pro-rated bonus, no severance, no unemployment (because you quit, you weren't surplussed), unless you can retire in which case they offer MTP.
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IBM is only offering a 1 Year Contract for the same salary. After that if they decide to keep you then they can offer you any salary they want and it will be much much lower...…….Vacation after the first year if they decide to keep you will be as a new employee....Why didn't AT&T negotiate a better deal for their employees they outsourced to IBM? AT&T will be funding the outsourced IT employees working on the AT&T account so they could have imposed some better benefits for their ex-employees they are outsourcing?
Ibm stock is $140.00 a share..who wouldn't want to work for them?
Do all in group going ibm get offer to go, quit or retire? any group where some went and some fmp
If you go outsourced to IBM kiss your job goodbye. Their strategy is to move all the work overseas. You cannot compete with someone who makes a fraction of your salary. Time to look for a new job is NOW!
What groups were outsourced to IBM?
LOL
Nice to be treated like cattle.
Nice to be treated like cattle.
Your offer is for the same as your current salary with a predefined termination date of 12/31/2020. Vacation time is not exactly the same, but for that 1 year period they will match what AT&T would have given you, after that you are on the standard IBM schedule. If you receive an offer to remain past 12/31/2020 it will be aligned with IBM pay bands, not your previous salary.
Healthcare is more expensive if you have a family because you pay per person, not family.
401k matching is lower for what will become GTS employees, but the 1st year if you stay all the way till 12/31/2020 they will give you a bonus match. GBS matching will be the same. 401k matches are only made once a year so you loose the compounding interest on the company match vs getting it with your own contributions.
There is no pension of any kind.
Bonus is different structure depending on GTS or GBS, ultimately lower for most people than under AT&T but once again for the 1st year they will average your last 3 bonuses from AT&T. IBM misses their targets more frequently so your bonus is less predictable but you shouldn't be banking on that income anyway. Some people who previously never received a bonus at AT&T will become bonus eligible under IBM.
Severance if you are "resource actioned" (surplussed) is 1 month of pay, regardless of years of service and up to 90 days notice. You will remain an at-will employee, the offer is not a 1 year guarantee that you won't be laid off sooner.
Internal career mobility is better at IBM than AT&T, partially due to higher turnover rates and more openness about remote workers.
GTS = IBM Global Technology Services, GBS = IBM Global Business Services
What is MTP?
Were the offers from IBM comparable to what you were making? Vacation time the same?