I do, for sure. I was laid off today after more than ten years of dedicated and seemingly valued work. It really stings. I know on a purely rational level that I shouldn’t care, but as most of us I do. We are human beings, and this affects our... — read more
IBM acquires Kubernetes cost optimization startup Kubecost
The money saved with the RAs will help fund more acquisitions like this one today. https://techcrunch.com/2024/09/17/ibm-acquires-kubernetes-cost-optimization-startup-kubecost/
Is there any area/unit that’s safe?
All reports point to wholesale, across the board layoffs.
Laid off today
26 yrs service, always top performer, had just informed manager was retiring at the end of the year the week before. Really happy to be out but sad they didn't have the decency to let me go end of year. Like that really saved them $. They're going to... — read more
The IBM layoffs are all over the news
Not even ONE article! http://techrights.org/i/2024/09/ibm-layoffs-nothing-happening.png
RA Today
Post your country, business unit and division here so we can measure the scope.
Previously BDM'd employees are now being reduced
Just had the convo with my manager. Worked in infrastructure/cloud.
RA in Software today
I just got hit
CIO as anticipated
2nd round is happening, unsure of scope. Cirrus cloud.
Jim Cramer Says International Business Machines Corp. (IBM) CEO Arvind Krishna Has ‘Reinvented The Company’
Does anyone believe anything Cramer says anymore? https://finance.yahoo.com/news/jim-cramer-says-international-business-094722004.html
Return to the office full time?
Amazon just announced it… https://www.cnn.com/2024/09/16/business/amazon-return-to-work/index.html When is IBM pulling the trigger?
"IBM’s closure of its R&D division in China, resulting in over 1,000 job losses is yet another indication of a broader decline in IT hardware"
https://timesofindia.indiatimes.com/education/news/massive-tech-layoffs-at-apple-dell-ibm-are-a-wake-up-call-for-it-professionals-why-upskilling-is-the-key-to-survival/articleshow/113192745.cms
Samuel J. Palmisano, talking today about the wrong "I" that's in deep trouble
https://www.digitimes.com/news/a20240912PD216/intel-ibm-ceo-samsung-manufacturing.html
IBM: The Closure of the China R&D Department is Final and Irreversible
https://pandaily.com/ibm-the-closure-of-the-china-rd-department-is-final-and-irreversible/
MSM: "Why IBM is paying $2.7 billion to this US-based insurance company"
Moving the provisional funds of past workers around to play with their money or gamble it away
Anyone add further confirmation on IBM consulting layoffs tomorrow (9/13)
Title says it all. I understand mgr training is ongoing …
IBM stock has gained 28% this year -- plenty of gas left in its tank to keep going
IBM Stock Can Keep Setting Records, Analyst Says. How High Shares Could Go. Barrons, Sept 12, 2024, 11:37 am EDT IBM stock closed at a new high Wednesday, and there’s plenty of gas left in its tank to keep going, the team at Evercore ISI... — read more
IBM to take $2.7 bln charge related to transfer of pension obligations
IBM said on Wednesday it expects a pre-tax charge of nearly $2.7 billion in the third quarter, related to a transaction involving the transfer of some of its pension plan obligations to a unit of Prudential Financial. Under the deal, nearly $6... — read more
The 100 Most Influential People in AI 2024 | TIME
Not one IBMer on the list. So much for that moonshot. https://time.com/collection/time100-ai-2024/
Where Will IBM Be in 5 Years?
Somebody's quite bullish, geeeeez. https://www.fool.com/investing/2024/09/07/where-will-ibm-be-in-5-years/
Retired from IBM but thought of rejoining
Just wanted the readers opinion. I retired from IBM a couple years ago. I was in a technical role and I was one of the top technical talents in technical sales and highly respected. Anyway I got bored being retired and still have tons of energy and I... — read more
Lavish spendings on a 16-year contract for the most expensive place while firing tens of thousands of staff
Must be good for bonuses and vanity at the C suite. https://www.commercialsearch.com/news/ibm-opens-manhattan-flagship-office/ https://www.bizjournals.com/newyork/news/2024/09/06/ibm-unveils-flagship-nyc-office.html
Looks like IBM Austin will be relocating to Meta’s old space
https://communityimpact.com/austin/north-northwest-austin/business/2024/09/05/ibm-taking-over-meta-office-space-at-the-domain-for-its-austin-employees/
What has the CIO done for IBM?
The tools they require us to use just get worse and worse. We've lost 1000s of man years of information as we moved from one Wiki/Conferencing system to another with no conversion / no training. Now we end up in Box, which is just a dumping ground... — read more
"IBM, and ByteDance are also cutting jobs, highlighting broader instability."
https://finimize.com/content/china-aims-to-balance-job-protection-and-tech-innovation
Tech layoffs: Intel, Cisco, IBM
https://www.hindustantimes.com/business/tech-layoffs-intel-cisco-ibm-and-apple-cut-over-27-000-jobs-in-august-101725532972247.html
"decreased demand for its hardware and difficulties in expanding within the Chinese market."
"This month, IBM announced the closure of its research and development operations in China, a move expected to impact over 1,000 jobs. The US-based tech giant has been grappling with decreased demand for its hardware and difficulties in expanding... — read more
Any update to Red Hat lawsuit by Stephen Miller’s Legal Group?
Is the case still being litigated? What documents have been made available so far ?
"IBM reportedly plans to bolster its presence in India, particularly Bengaluru, creating new opportunities for Indian IT professionals."
https://androguru.com/2024/08/1000-ibm-employees-to-be-laid-off-due-to-research-labs-being-shut/
Commentary: IBM’s Sudden China Layoffs Tarnish Reputation of ‘Foreign Company Culture’
https://www.caixinglobal.com/2024-08-28/commentary-ibms-sudden-china-layoffs-tarnish-reputation-of-foreign-company-culture-102230810.html
CIO Wave 2
Wave 2 started already, check previous posts. US and other countries coming soon.
Pathetic Intel and IBM AI chips - two failures combined don't make success
So IBM decided with their AK infinite wisdom and understanding to choose Intel's AI chip for its AI cloud and Watson. The joke of the century. Intel laying off 15000 , canceling dividend and showing revenues defining for a reason. Id--t AK... — read more
Interesting article concerning AI This will influence staffing into the future
https://www.zdnet.com/article/business-leaders-are-losing-faith-in-it-according-to-this-ibm-study-heres-why/
September Threat Portfolio Layoffs
Palo deal closes on Aug 30/31. The chances for RAs occuring go up higher each day from that point. My money is on 2nd or 3rd Week of Sept. From reading between the lines in my last one on one with my manager, a tentative list has already been made. — read more
Over 65 and Band 10 ?
Definitely you are being looked at by HR for retirement.
"IBM's Chinese revenues plunged 19.6% last year despite an overall 1.6% increase across the Asian Pacific region, the SCMP said"
https://www.ibtimes.com/ibm-china-pullback-1000-jobs-3740815
"the firm declared during its earnings call that it would cut 3,900 jobs"
https://www.dqindia.com/news/ibm-shocking-layoffs-know-the-inside-story-6926938
"to move some offices to Bengaluru: Report"
https://uk.pcmag.com/processors/154065/ibm-pulls-research-operations-out-of-china-lays-off-1000-employees https://www.hindustantimes.com/business/ibm-to-cut-1-000-jobs-in-china-likely-to-move-some-offices-to-bengaluru-report-101724661266261.html — read more