Thread regarding IBM layoffs

That is why CEOs do massive lay offs (called resource actions in IBM) so that they boost the stock price and since their bonuses are paid in shares, to make themselves more rich!
It is all about that, pure greed and pure legal criminals and monsters.

Again sick USA with sick CEO salaries and bonuses...
CEOs and Senior VPs and Executives (and ''managers'') treated like they are some kind of Gods! Worse than feudal Europe!

Arvinds's salary needs to be reduced not increased. Arvind also needs to go. We need younger blood that will bring back jobs to North America.

AV 54 million in shares just for last year i wouldnt cry for him.

its all about the shares they get not the salary i think https://finance.yahoo.com/quote/IBM/insider-transactions/ 2 miil then 6 mill etc etc better than the IBM bonus!

And workers dealing with the clients keeping them happy salaries remain stagnant

hence the layoffs, he wants a 100/yr like the big guys. More RAs to come next quarters. I expect a rolling reduction until there are about 100 left in Armonk. If you are not 100% billable your job will be offshored or given to someone else to do double or triple the workload to stay employed. expect the 280k employees to be down to 125k by end of 2025. 5k back office/tech support 120k billable with little to no bench...going to hourly consultant model. no or limited benefits, work by the hour, no bill, no job. With the new retirement plan, new workers having to wait a year to get it, the model is in place.

He's cheap labor compared to any other CEO of similar size in any industry. But given his record and skill set he's still overpaid

Man, that is chickenfeed.

Look at what the head fellow at Google makes a year. $225,985,145

https://aflcio.org/paywatch/highest-paid-ceos

Maybe the incentives should be changed to reducing net debt which is out of control.

What a f’ing joke