Thread regarding IBM layoffs

@pye+1uVvm3l8 Agree. I would go one step further and say that an aspect of the story of IBM under Arvind that doesn’t get as much play, and probably should, is that the level of personal animus towards him is pretty much unprecedented in any IBM CEO in the last 20 years — and it’s because he’s a total forking jackwagon of a human being.

I don’t recall this level of resentment directed personally at any IBM CEO, not even Ginni or Palmisano. In addition to his Jack Welch BS and the wholesale destruction of the positive aspects of the culture of Big Blue, Arvind really seems to relish going the extra mile to do things like berate and humiliate people on the all-hands for asking questions he doesn’t like (that he no doubt selects himself) and using fake-DEI virtue signaling to drive a wedge while enacting, s-xist, bigoted, racist policies that disproportionately affect anyone who isn’t his favorite ethnicity living in his favorite country. It's gross.

I don’t recall another IBM CEO whose policies were so universally reviled by employees, whose personality was so widely perceived as blatantly condescending, flippant, and arrogant, and whose Kwik-E-Mart style of management was so repulsive to so many. You can tell THAT to the employee engagement survey.

He might fool Wall Street for awhile and get short-term results, and that’s probably good enough for him and his cronies before they peace out with their golden parachutes, but it definitely not sustainable, nor does it bode well for IBM’s long-term prospects.

I love reading comparisons of IBM to GE. For years I have been claiming that IBM will go the way of GE, mainly due to the cannibalism of existing contracts as they are upgraded early, just so “new” revenues can be booked and the current executives made out to be heroes.

GE did the same with its power contracts. Old obligations were forgiven and new ones created at discounted prices.

It was all smoke and mirrors. The street, with its short term mentality, went along with it for a long while, executives got their bonuses, shareholders got their stock appreciation, and everything was great. Then the music stopped: the fraud couldn’t be buried in the financial statements any longer.

And now GE is toast, as IBM someday will be for similar reasons.

"Neoliberalism?" lol. What is happening at IBM are actions that any Jack Welch chatbot would recommend - massive outsourcing to save a buck, don't ever stop and reflect about the future, and then use the "rank and yank" to foster hatred, anxiety and disengagement among your employees - the same exact system that made Boeing such a successful company today...

Nothing "liberal" or "neoliberal" about any of this - it is Arvind's unchecked greed. I would even add that his authoritarianism and total lack of empathy practically defines "patriarchy" as a guiding principle.