"But the actual number of impacted workers is likely higher, as those disclosures, called Workforce Adjustment and Retraining Notifications (WARNs), are only required in cases of plant closures and federally-defined mass layoffs. If it's less than... — read more
Apparently 8K RA'd in last round
So according to this source, apparently it was 8K people that were broomed aside in the last RA. https://www.linkedin.com/posts/william-a-bill-brown-7241921_ibm-has-reportedly-laid-off-thousands-activity-7245542558485856256-vP7y
How is this week shaping up?
This whole concept of silent layoffs that are expected to last through the end of November is driving me crazy.
Is this true? Or fake news?
https://www.bing.com/videos/riverview/relatedvideo?q=Interview+with+Dan+Kotchen%2c+Attorney+for+Plaintiffs+in+the+H+1B+Visa+Trial+Cox+v.+Cognizant+%22&mid=5307E365CEAC8BE941CC5307E365CEAC8BE941CC&FORM=VIRE
IBM Investigates Allegations of Executive Misconduct in China
https://finance.yahoo.com/news/ibm-investigates-allegations-executive-misconduct-172223702.html (Bloomberg) -- International Business Machines Corp. is looking into allegations against its China head after a letter circulating online accused the... — read more
"IBM stated that these layoffs would not affect its ability to serve clients in the Greater China region."
No clients, no problem. There's nobody to serve when your last remaining "clients" are Wall Street shareholders. https://techstory.in/tech-giants-slash-jobs-august-and-september-witness-major-layoffs/
Buying employees (e.g. Red Hat, HashiCorp) and revenue to fake "growth"
IBM uses its profit to buy new companies for their profits, giving the illusion of growing profits. Of course this is how IBM ends up over 60 billion dollars in DEBT, but nobody pays attention to that, watch the profits that IBM is BUYING, Wall... — read more
"According to a statement by the company IBM, to gain more in the competitive field, it needs to cut down its number of employees."
Chasing buzzwords/hype/memes: "IBM has a program that trains its workers to expand new skills in AI and cybersecurity."... — read more
IBM's Latest Policy
I was informed my last day would be 10/17. I understand many others are in the same boat. Management, said it was not performance related. But that the organization had changed direction. I needed to find another position. Fortunately, not long... — read more
Promotions
Is there a way of getting promoted outside of jumping to another team (within the same division)?
Another RA in the cooks?
I am seeing a lot of transition activities, is RA in the cooks? Am I overthinking?
What accomplishment has AK achieved?
Does anyone know what AK has done well before becoming the CEO? He was running Research and Could. And before the STG manufacturing as the GM. Looks to me he has achieved nothing. Only failures and has only made cuts but built nothing. Of course... — read more
Coming back?
Looking for genuine advice. I may have an opportunity to come back to Big Blue after a 10 year absence. Was there previously for almost 2 decades. Part of me would love the opportunity to come back (as I used to bleed blue) another part feels like... — read more
"IBM have announced significant job cuts, with thousands of employees facing redundancy."
https://timesofindia.indiatimes.com/education/news/tips-for-engineers-how-to-save-your-job-from-the-onslaught-of-ai/articleshow/114124444.cms
Any layoff in the Systems?
It seems the first wave passed over. The Systems Group was rather quiet. Is there any news for Power? Power sales is struggling, and it is a surprise they did not wield axes over them.
IBM deflation
9/11: https://www.reuters.com/technology/ibm-take-27-bln-charge-related-transfer-pension-obligations-2024-09-11/ 10/10: https://www.investing.com/news/stock-market-news/ibm-stock-gets-street-high-targets-ahead-of-earnings-3655531 Who knew that... — read more
Silent Layoffs Surge
https://www.latestly.com/technology/silent-layoffs-surge-in-silicon-valley-as-tech-giants-aim-to-avoid-bad-press-adopt-techniques-like-work-from-office-to-trigger-job-cuts-report-6323276.html
"Cisco let go of 56,000 personnel. Intuit trimmed payrolls by 1,800, and IBM fired 1,000 staff members."
They don't even count the latest ("secret") wave at all https://www.ntd.com/us-layoffs-up-53-percent-in-september-from-previous-year_1020923.html
IBM is working for Microsoft now - signs of desperation
the buzzwords department, too https://siliconangle.com/2024/10/02/kyndryl-launches-new-consulting-services-customers-struggling-copilot-microsoft-365/
Hats off to Thomas Claburn for doing what every real journalist SHOULD do (not just follow press releases)
https://www.theregister.com/2024/09/24/ibm_layoffs_ai_talent/ https://www.theregister.com/2024/09/18/ibm_job_cuts/ https://www.theregister.com/2024/10/01/kyndryl_layoffs/
You can run but you cannot hide from the Layoffs
No surprises but IBM got a mention... https://www.msn.com/en-us/money/news/job-losses-mount-in-tech-ibm-cisco-and-microsoft-slash-workforce-amid-market-challenges/ar-AA1rwq3I?ocid=msedgntp&pc=w099&cvid=4073d2a200be4e76ae1943bb0261a0c0&ei=20
"benched"
"The higher-ups will use alternative words and phrases to cover "unpleasant" situations and decisions. Whatever helps them sleep at night, I guess. But it's a bit creepy to hear the people having it done to them using the exact same... — read more
So layoffs all the time until the Sun dies?
How considerate to not even give a timetable. I have a spring in my step every day going to work and expecting it to be the last. Workplace is also full of good vibes. My team is achieving all-time highs. Lovely times all around.
Kyndryl follows in IBM's footsteps with rolling layoffs likely affecting thousands
https://www.theregister.com/2024/10/01/kyndryl_layoffs/
From Microsoft to IBM: Tech layoffs cross 1 lakh mark as companies brace for more cuts ahead
https://economictimes.indiatimes.com/jobs/mid-career/from-microsoft-to-ibm-tech-layoffs-cross-1-lakh-mark-as-companies-brace-for-more-cuts-ahead/articleshow/113838391.cms
WARN (Worker Adjustment and Retraining Notification)
"Public notices filed via WARN (Worker Adjustment and Retraining Notification) letters show that in California alone, IBM laid off 54 employees in Santa Clara County and 57 in San Francisco County"... — read more
All of these acquisitions
The latest one was the same day as the RA. What is the purpose of all of these ? Just for Alvind to puff his chest out and brag about acquiring smaller companies ? So there’s no money for modest raises or GDP but they’re borrowing money at 7% to... — read more
Secret layoffs
My site had the first layoff ever in its 20 year existence and it appears management is preparing for more waves. What does this secret layoff thing mean? You can’t tell anyone you were laid off? Can you apply for u employment?
IBM’s Buzzwords/Vapourware is still half-baked
"While this is entirely logical, in a dystopian way, IBM could not make it happen. Staff leaks claim that Watsonx [IBM’s generative AI offering] isn’t even available to employees to attempt to help automate some meaningless... — read more
IBM CEO’s Plan to Replace People With Buzzwords Is Backfiring
"“I could easily see 30% of that getting replaced by AI and automation over a five-year period,” he said at the time, speaking specifically of back-office roles. With 26,000 employees, 30% translates to roughly 7,800 jobs." ... — read more
It ain’t just Alvind. It’s Kavanaugh too
I know a lot of criticism goes to Alvind And rightfully so. However as Chairman and CEO he’s just a puppet of the Investors. I know he’s rude and obnoxious, however let’s not forget about the CFO Jim Kavanaugh He’s a number cruncher. He’s the... — read more
Two months ahead of anxiety and stress
I just can’t anymore. All the way till November 24th? And we do not yet know how many people will be let go? The last round wasn’t enough? I wouldn’t be worried as much if the tech job market wasn’t a nightmare. Why would anyone think it’s easy to... — read more
AI replacing workers…AI does not stand for what you think it does
Artificial intelligence replacing workers is 100% a smoke screen. It has been used to get permission from the general public to fire workers and replace them with cheaper workers. AI really stands for ACTUAL INDIANS. These are the workers being hired... — read more
Why no layoffs at Red Hat?
We paid $34 Billion. They got rich. We got sc--wed. No tangible benefit for our people. Where’s the accountability?
Fearing Gen Z is keeping them out of tech jobs, older workers are filing age complaints in droves
https://fortune.com/2024/09/26/gen-z-tech-jobs-boomer-workers-age-discrimination-complaints/ High tech jobs are increasingly going to young workers at the expense of their older counterparts. By: Sasha Rogelberg September 26, 2024 at 11:18 AM... — read more
What value does a CEO like Alvind bring to the table ?
Other than chopping US employee heads and buying expensive and unproductive applications and tools from other companies, what does Alvind do to justify his $20+ million bonus ? Certainly AI from IBM is not the best in the industry, nor the research... — read more
IBM to hand pink slips for two more months (at least)
"Apparently, all impacted employees will be informed by November 2024. The exact number of layoffs is yet to be officially known." https://www.hrkatha.com/news/layoff/is-ibm-quietly-trimming-its-workforce/
"The list of companies laying off workers keeps getting longer—from IBM"
https://dallasexpress.com/business-markets/job-openings-at-their-lowest-since-2021-job-seekers-hurting/
IBM running puff pieces about "hiring" (in India) a week after thousands of well paid workers laid off
https://www.hindustantimes.com/business/ht-exclusive-whats-going-on-at-ibm-layoffs-hiring-ai-and-more-101727249879124.html Warning: composed by some clueless chipmunk who inserts buzzwords like "AI" in every sentence.
A blessing in disguise
I know getting laid off from IBM can feel stressful and unstable when it just happens, but in the long run, it’s usually a good thing. Most people I know who were let go over the years ended up landing better jobs with higher pay elsewhere. For most... — read more