eom
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I would be quite surprised if IBM delayed till Spring of 2021 to address some of the continuing revenue short falls. There are several reasons why, including a 1 Year mainframe wrap on the Z15 resulting with systems projected to be flat at best, the continual GTS 4-6% shrink rate best case, and the GBS change of strategy to an enterprise focused entity in a Covid world, resulting in flat revenue at best. 3 out of the 4 IBM functional divisions seem to be heading in the wrong direction, which should mean IBM is going to have to tinker sooner rather than later.
No, just another wild guess that turned out to be false.
No Layoffs occurring at this time, they are too busy getting rid of the employees that were RA’d in May unfortunately today 08/31 is their last day. The folks that were outsourced from AT&T back in 2019 were informed prior to coming to IBM their years of service with AT&T would be rolled over to IBM of course that was a lie.
So . . . now it's August 30th, anyone get RA'd?
@hhgn+16qk8yRA, Thanks for sharing your news and best wishes on your retirement.
I was hoping to be RAed as I'm retirement ready. I"m in GTS/TSS and as of Friday 8/28, I have not been notified. I'll wait out Monday then formally put in for retirement. So, I guess this means at least in TSS there is no 3 qtr RA. Manager said he had no advance knowledge of 4th qtr RA either.
The issue with IBM not taking actions is “as a new CEO” AK only gets one chance to make a first impression and change IBM’s course. AK with his inaction has most likely lost his window, and lost the analysts. That means IF he can turn IBM around, it will take much longer and be far harder. As goes Wall Street analysts, so goes the IBM story. Without Wall Street buying your story, IBM is in for a long hard slog. YEP without a major structural change the next 5 years are really going to hurt.
There’s not going to be a lay-off until 2021. I don’t know why people are speculating.
So is today the day as suggested by the OP? I am not hearing / seeing anything (yet).
That would be nice but more likely those sad sacks of sh– will be promoted and rotated while the rest of you just get shafted.
Hopefully they get the incompetent Execs in GTS. I have never met a bigger group of losers.
The next round is underway... I know a few who got the call.
I don't know if this post is accurate, or just based on the usual May + August RA pattern of the last several years. However, my manager did just send an urgent note to the department to make sure their labor claims are current (I'm in Services), which is not unusual by itself in Services ... except this particular manager has never sent a note like that during my tenure with him, and he is not one of those who over-uses urgent. And, it is not the end of the quarter, of course, when the books need to be closed.
Apparently upper management starting to make the lists and taking names –
https://www.facebook.com/alliancemember/posts/1772937832844193
Ibm is a f—ing boring company.
Jesus Christ give up your wet dreams already.
IBM is a toxic environment on every level.
Correction, let me rephrase that. Every level except Executive level.
2icj You are hitting the nail on the head Most perform GBS/GTS services have been off-shored thus there is little to be harvested from USA or European layoffs unless you hit the zero value add folks (the 30% overhead of IBM) Since approx 2015 IBM has chased the revenue vs headcount model with continuing diminishing returns. Any bean counter can show you the diminishing returns (revenue declines faster than head count gets cut) thus AK is going to have to address the problem differently. You could find a way to become more productive (something your competitors could easily harvest And replicate too), you could cut the zero Value add folks (something IBM has always considered the third rail and has never done), or you could change strategy via a restructuring. To date AK and the CFO have given all indications that a Reprioritization / restructuring is in play (mainframe, cloud, AI, redhat/Linux) It would not surprise me if AK’s restructuring Is built around dumping the zero value add players in all of IBM. That means mining the Legacy IP, offloading the Legacy perform Via a strategic partnership or a one time payment for the backlog, partnerIng In Enterprise accounts around the strategic services, and exploiting IBM’s long term relationships, Monopolies, and patent Portfolio. Remember IBM’s goal here is not to break apart, but rather to deal with the zero value overhead, and to become more efficient in the process. Since IBM has been unable Or unwilling to cull the zero value added folks out of the IBM, AK will restructure them out of the company. He is using Redhat as his strategy change agent, and he is letting Jim Whitehurst lead the charge
Still tons of higher management along with team leaders and chart makers that can be let go . When I left 3 years ago , all we had in Service, in the US , were team leaders and chart makers , everyone was trying to out do each other making fancy charts , no value add . Most of the managers were nice people but boy , they had know idea who was doing what . Again , plenty of folks could still be cut , thinking IBM should come in with 100,000 people to actually make money , chip them !
It usually takes several months for a new CEO to put their plan in place. Gerstner took from April (Hire in) till Aug (execution of the plan) to roll out his vision of IBM. (Layoff’s, restructuring, and sell offs) I expect AK to take approx the same amount of time to roll out his vision, which most likely will include all three pieces (layoffs, sell offs, and restructuring) For the folks who say “we had layoffs in May”, they were baked into the plan via Ginni for a March execution date They had to postpone for 60 days due to Covid. Hopefully AK will figure out how to make money without the lay-off component which would most likely involve a joint venture where IBM sells the IP to the venture to capture their investment
Time to trim the excess management
My take is the OP is speculating. If they were a manager, they would offer some actual info.
It's another example of how Arvind is not ushering in the kinder, gentler IBM with respect to US job cuts. Just the opposite, in fact. He cares nothing about IBM's legacy as an American super company and major tech employer, as outdated as that might be.
I guess in one respect, he was the right person at the right time - to take US employment through the wood cutter. Pretty much wipe it out. So, in that area, he's exceeding expectations.
I got a bonus and I work in GTS
Now there's a novel idea– "the RA would have to incorporate management". Horrors, the best and the brightest!
I would speculate that odds of another pure RA are Slim as the RA would have to incorporate management since IBM has gotten down to a very thin crew in the USA and Europe. Instead I would expect a restructuring or spinoff of a portion of IBM into AK’s vision Cloud/AI/Redhat/Mainframe. Everything else goes
EOM - End Of Message
Arvind the job butcher is starting to make even layoff masters like Chainsaw Al, formally of Sunbeam, blush.
Albert John Dunlap (July 26, 1937 – January 25, 2019) was an American corporate executive.[2][3] He was known at the peak of his career as a turnaround management specialist via mass layoffs, which earned him the nicknames "Chainsaw Al"[4] and "Rambo in Pinstripes", after he posed for a photo wearing an ammo belt across his chest.[5] It was later discovered that his reputed turnarounds were elaborate frauds and his career was ended after he engineered a massive accounting scandal at Sunbeam Products, now a division of Newell Brands, that forced the company into bankruptcy.[6] Dunlap is on the lists of "Worst CEOs of All Time" published by several business publications.[7][8] Fast Company noted that Dunlap "might score impressively on the Corporate Psychopathy checklist"[9][10] and in an interview, Dunlap freely admitted to possessing many of the traits of a psychopath, but considered them positive traits such as leadership and decisiveness.[
I don't have any insight but EOM would be the cutoff to not pay the sales bonus to people people in GTS
Do you have a little more info besides 3 letters.
These are the b—s— post that people hate