No reason given. No revised date given. Just a reprieve for now for anyone who was on the list, which is a good thing given the instability of the economy right now. Guessing it will come back into play at some point but no idea when.
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@lzzh A post in another thread here from someone who got laid off in the last few days. Also posts about contractors also being laid off, so there might be some truth to this.
@liov what credible information do you have to this effect?
Looks like the RA is no longer on hold.
For those of you hoping IBM management will change the trajectory of laying off US based employees, you are naive. Not executing the planned Feb lay-off is all political as well as waiting to see how this affects the IBM India workforce.
Listen to the earnings call in April 20... IBM will give clues as to the upcoming layoffs.
Any new details on if the RA will happen? We made it through the quarter and others said lists were submitted but delayed.
Thanks for the thoughtful insights. I’m certainly a no-one from an acquisition. I fully expected a call, already cleaned out my desk before the shelter in place. In our case I’ve been wondering if they’ve kept us because the India pandemic is lagging behind the US. iWe might be the difference in keeping a contract. We here in the states, in our group, are small but mighty (and obsolete). If COVID hits India hard (God be with them) we could become necessary for a short time
@7mue - Looks like this is exactly what will begin happening:
Trump urged to pause H1B visa programme after job loss amidst layoffs –
https://economictimes.indiatimes.com/nri/visa-and-immigration/trump-urged-to-pause-h1b-visa-programme-after-job-loss-amidst-layoffs/articleshow/74925783.cms
@8nsl,
All the accounts that got sent to India are screwed big time now. Just wait until the virus really takes hold over there, its going to be brutal. Even if they tried moving the support teams elsewhere we all know with the bloat process of IBM on-boarding can take several weeks if not months, dbl ouch.
Greed never pays in the long run.
Currently working remote in the US for a big bank in the US... They have large development centers in India... Most of these guys in India can no longer perform any work as they have to stay home and have no remote access to their offices... LOL!!!
May be that bank will rethink its strategy going forward?!?!
Just about the only good thing that could come out of this is a culling of the H1Bs/other visas across the US and Europe. Let’s hope they make the right move and do right by the local staff.
I suspect huge masses from India and elsewhere did a corona-Exodus from every nation where they were not born, to home locations. Suddenly filling project vacancies with local "resources" seems like a good idea, even if those resources at the moment are not co-located.
Perhaps co-located is yesterdays buzzword, replaced by nation-located-isolated.
@3yna You didn't hear sh–. As recently as this afternoon, there were Sector calls in which it was confirmed that the RA was still on hold, and the new date is TBD.
It's the same four to five id–ts who keep fear-mongering on this site, and are usually wrong 9 times out of 10. Same writing style, same giveaway words.
Times are tough, and people are genuinely scared. Stop making up lies - you're legitimately hurting people.
Definitely. There is so much "real" bad news out there that making up fake posts to stir people up more is not helpful. IBM will do their layoffs in time and give this site plenty to discuss.
For now, Go away troll.
@3yna B.S. Stop posting fake garbage to get people lit up. It's bad enough with the REAL news.
@3yna source? Which BUs and geographies?
Stimulus package passed. Layoff back in motion. Hearing Monday 3/30 is D-Day.
Which country/unit are you referring to? We are trying to get the RA deferred at the moment but have had no luck so far!
On Headcount:
This thread may be useful as it has #s, sources and breakdowns
How many people work at IBM?
https://www.thelayoff.com/t/13cNnhVL
Hyperlinked: @OP+13cNnhVL
I think your numbers are off. Approx 1/3 of IBM’ers are in IBM India. Let’s say 125-130k. It’s almost all of the perform jobs that can be offshored. The remainder are split to low wage countries (costa Rica, Philippines, Vietnam, Brazil, Argentina). That leaves 220k divided by the americas and Europe/Asia. The split there is approx 105k in The americas and 115k in Europe/Asia.
Agreed. IBM, which now stands for India Business Machines ( last I heard, has 4-5x more workers there than in the US), should get a hugely reduced sum, if any, from the US bailout. Any company that has fired their US workforce, en masse, as IBM has done, and moved the work overseas, should not be bailed out by US taxpayer dollars. It's completely disgusting, to put it mildly.
I wish this could be spoken louder to the US taxpayers, who will foot the bill for this at some future time, but it will be lost in the noise of the time, unfortunately. IBM has ceased to have been an American company years ago. Kind of fitting it's no longer even run by one at the top.
IBM is probably hoping for a bailout. I hope there’s a provision in the bill to block companies who have the majority of their operations in BRIC countries.
Could the RA’s have been put on hold, to allow a spinoff play where the acquiring company gets to try the newly acquired workers for 90 days? Given the crazy economy right now, and govt infusion of cash, crazier things have happened
@1dje: I'm sure there will be a slide for the sales deck along shortly that will be rather vague and promise the "strong adoptations that are taking place". The truth is, the industry knows the lies that are often paraded all over Linkedin by new sales people are just that. Everyone in my department will be reminded at the weekly meeting to make sure we're spreading the positive word wherever we can.
Every public company can blame bad Q1 numbers on COVID. Wall Street will not punish the stock.
Here is an earnings quote from every CEO -
"We noticed weakness going into the end of the quarter and our bookings fell off, resulting in expected weakness for the Quarter. Assuming COVID affects start to decline, we expect the back end of our fiscal Q2 to pick up"
Q2 numbers for public companies can also come in bad as long as the CEO states they saw increased business the last month of Q2/June.
Why are people posting about IBM getting bailout money from the government? How is that possible?
I'm guessing they're waiting on the stimulus package details to see how they can milk the most out of the government.
IBM is in damage control mode. They know that a big layoff will hit the news and undermine the good press that they got by being a part of the coronavirus task force. Revenue drops were already going to be steep for Q1 before coronavirus put everyone further behind. Clients simply aren’t buying what the executives push us to sell and the market misalignment couldn’t be more clear. But executives keep their heads in the sand. It will get even worse with an ex IBM Cloud person at the helm starting in April.
@1wmf: exactly, the huge investment in all those Agile spaces may now look a little off during quarantine. IBM has a wonderful instinct to invest in the worst possible way.
I guess this will have some senior execs totally bummed - not being able to commence their regular purge on time will lead to them becoming severely depressed. Still, maybe when all of this is over they'll be glad they still have people to work.
I'm more curious as an ex-IBMer as to how all this 'working shoulder to shoulder' business is working for IBM. Seems to be inviting infections in this current environment.
Hybrid Cloud with Red Hat huh? I would love to see a listing of IBM accounts that moved to it.
It’s not politics, but rather terror. Projections for March and 2nd q revenues are coming back 20-40% light with zero visibility forward. IBM has never experienced this kind of revenue drop this fast. If you were planning a massive reorganization around steady revenue, what does a 20-40% drop in revenue massive reorganization look like. The Exec team is still trying to figure out what the recovery plan will be
Politics.
They are afraid there will be a public backlash if they cut first.
They will wait until other fortune 100 companies start doing it (GE aviation cut 10% yesterday, Halliburton furloghed 4K)