IBM will shut down its research and development division in China, resulting in layoffs affecting over 1,000 jobs, Chinese media outlet Yicai said on August 26. IBM has been struggling with falling demand for IT hardware and challenges to growth... — read more 

https://www.thestandard.com.hk/breaking-news/section/3/219772/IBM-China-shuts-down-intranet-access-for-Chinese-employees-in-R&D,-testing-positions:-media-reports

https://www.trendforce.com/news/2024/08/26/news-ibm-china-revokes-rd-staff-access-signaling-potential-personnel-changes/

https://www.ctol.digital/news/ibm-cuts-access-rd-testing-employees-china-global-restructuring/

https://lunduke.locals.com/post/6021616/yet-another-lawsuit-against-ibm-for-racial-discrimination https://lunduke.substack.com/p/yet-another-lawsuit-against-ibm-for

https://www.msn.com/en-us/money/companies/ibm-fired-white-male-employee-to-adhere-with-racial-and-s-x-quotas-lawsuit-alleges/ar-AA1pcKHE?ocid=msedgntp&pc=U531&cvid=dccbbb98f67b48a7b97f2418022f4dbb&ei=64

Got RAd yesterday in CIO - Brazil

Outsourcing And Offshoring: The American workforce may have inadvertently weakened its position during the Great Resignation and Quiet Quitting movements, compounded by the ongoing debate and drama over returning to the office. In response... — read more 

"IBM’s decision to cut 3,900 jobs in its marketing and communications division while freezing hires for roles that could be replaced by [buzzword] is a stark illustration of this trend."... — read more 

https://thehiltonian.com/the-impact-of-microsoft-layoffs-a-comprehensive-overview/

Intel/Cisco to layoff many H1B is to fill a gap for a corporation that cannot find enough qualified citizens. That has obviously changed and MUST be reassessed. Don’t renew 18000 h1b they will leave without severance package. citizen first. Hjj — read more 

The longer I’m here, the more convinced I am that mid mgmt is especially problematic. Sure, IBM is not in the best shape, and the company in general is meandering and constantly losing its footing. But so much fails on the level of mid mgmt and that... — read more 

It's an ocean of buzzwords and self-promotional puff: "with many worried about mass layoffs as a consequence of AI’s progress." https://www.itweb.co.za/article/sa-ceos-recruit-for-new-roles-amid-genai-bo-m/5yONP7Er4oNMXWrb Once upon a time news... — read more 

https://www.timesnownews.com/business-economy/industry/layoffs-surge-across-usa-and-canada-tesla-intel-and-paypal-cut-thousands-of-jobs-as-industry-challenges-persist-article-112444056

https://m.economictimes.com/news/international/business/layoffs-pile-up-in-us-canada-as-companies-uncertain-of-economy/amp_articleshow/112406463.cms

https://www.businessinsider.com/read-memo-dell-staff-restructuring-layoffs-jobs-ai-2024-8

Must be doing something right?

https://techrights.org/n/2024/08/06/Ageism_at_IBM_Has_a_Long_Sad_Sordid_History.shtml

Wouldn’t it be the proper thing to do for IBM and your immediate manager to send a sympathy card and/or flowers for your mother’s funeral? I retired from IBM in 2023, but I still have a bad memory of how my manager and IBM never sent anything to me... — read more 

San Francisco-based startup Mechanical Orchard aims to use its own AI to help rewrite old mainframe applications in new code, and move them to the cloud. So much for Watsonx Code Assistant. ... — read more 

https://www.theregister.com/2024/08/04/ibm_canada_cant_duck_systematic/

Intel laying off 15-22% of employees, stock at 50 yr lows, competitors eating their lunch - reminds me of IBM in 1992-93!

Our stock is going down today together with everybody else’s.

https://ca.investing.com/news/economy-news/factboxlayoffs-pile-up-in-us-canada-as-companies-uncertain-of-economy-3533589

"The focus on AI roles at IBM" https://finimize.com/content/us-and-canadian-companies-continue-job-cuts-in-2024

What are people hearing about security layoffs today?

These are just rumors, IBM is actually hiring! So many positions are open, so stop spreading rumors please! Do you agree ?

At least for Software. The RTO mandate that came down in January for managers and execs, requiring that they be relocated to a "strategic site" by Aug 1st. How many are going to start vanish over the next few weeks? I know there's a lot of hate... — read more 

https://www.barrons.com/articles/ibm-earnings-stock-price-dividend-4c491abe By: Tae Kim Updated July 24, 2024 4:41 pm ET / Original July 24, 2024 2:00 am ET IBM reported second-quarter earnings results that came in ahead of Wall Street... — read more 

Anyone watch 60 minutes this Sunday? 60 minutes opened with a discussion on Quantum Computing and Dario Gil from IBM made it sound like we will really see some real meaningful usage of Quantum Computing soon. 60 minutes made it sound like that... — read more 

Looks like most mid-managers and employees list is getting prepared! AI impact has already started

https://finbox.com/NYSE:IBM/explorer/total_debt

https://tribune.com.pk/story/2482928/ai-to-replace-85-million-jobs-by-2025-wef-report

https://finbox.com/NYSE:IBM/explorer/total_debt

Data breaches linked to mass layoffs: How corporate cuts could cause cybersecurity crisis https://studyfinds.org/data-breaches-linked-to-mass-layoffs/

https://fortune.com/2024/07/12/ibm-chro-lessons-from-initial-ai-rollout/

https://www.cityam.com/ibm-ai-demand-boosts-uk-profit-by-more-than-100m/ https://www.business-live.co.uk/enterprise/ibm-uks-profits-soar-over-29594258

https://timesofindia.indiatimes.com/technology/tech-news/sundar-pichai-satya-nadella-mark-zuckerberg-and-other-tech-ceos-on-why-companies-are-making-job-cuts/articleshow/111560240.cms

According to Wikipedia, in the 1960s there were 9 major computer companies in the United States: Burroughs, Univac, NCR, Control Data, Honeywell (the five being known as the BUNCH), DEC, GE, RCA and finally IBM. Except for IBM and maybe NCR, none... — read more 

Unless IBM makes some sort of breakthrough in something that we've got a niche in and that leads to significant profits (the only thing I can think of here possibly is Quantum - although I'm not even sure what market that may end up being / how... — read more