Has anyone heard if the global layoffs are being done because many economist are predicting a economic slowdown in 2H 2024? One economist is saying that global spending my drop by double digits starting in August.
Storage / Infrastructure layoffs
My manager hinted pretty darkly that we might be next. Does anyone have any word on that - or dev layoffs as a whole?
IBM Stock Gains After Cuts to Marketing and Communications Staff—Key Level To Watch
How many in the upper levels will be receiving huge bonuses this year for getting the stock price artificially pumped-up so high? Also, expect to see some big share sell-offs by same of those... — read more
US-IBM labor force- Have you had enough?
8 years ago IBM's US union organizing ended - largely due to a lack of interest. At the height they had a paltry 400 dues paying members. As tech workers we seemed to feel we were all powerful- able to dictate our terms as we flitted from company to... — read more
Annual salary decisions start today
HR posted guidelines for managers 10% of employees must be skipped in salary increase this year RTO is key, if y'all not coming in to the office expect to be skipped this year. as always hard to replace roles are used for budget amounts assigned to... — read more
Offshore HR seems to be a trend
I retired after career stints at a large manufacturer and IBM. Both companies have cut HR resources and/or moved HR operations offshore. I will say with the large manufacturer, HR is now moved offshore as their main HR center and service has... — read more
Has IBM offered voluntary separation???
Has anyone been part of a voluntary separation conversation? This gentleman‘s conversation of voluntary separation seems to be IBM‘s one sided message to the media. Not staff.
So who survived?
There's been a lot of news this week about employees who got axed, but not much on the survivors. Understanding that every division and organization has probably been affected to some degree, does anyone know how the RAs were distributed? ... — read more
Growth year for IBM and IBM Stock. where is employee GDP?
Where is the 2024 Growth driven profit sharing for IBM Employees. Not guaranteed, but after a good year its usually announced in 1Q in the US. What is happening in 2024????? 2023 was great! Rev is up. Reports to wall street are up. Stock has... — read more
Ageism Haunts Some Tech Workers in the Race to Get Hired
Ageism is a longtime problem in the tech industry. Database startup RelevantDB went viral in 2021 after it posted a job listing bragging, “We hire old people,” which played off industry stereotypes. In 2020, the US Equal Employment Opportunity... — read more
RA update
Will RA continue throughout the week?
If you have been RA'd, 12 actions to take
First, I am sorry to hear of your situation. This is probably a hard time and please know that you already on the right track by being proactive. Keep going -- action alleviates anxiety. Take control and plan your next steps. Here are 12... — read more
CIO layoffs
I was RA'd, along with several others. I'm thinking about applying for another job within IBM, but I think I forfeit my severance if I'm hired internally elsewhere. That seems like a bad idea. Why rejoin a company that will just lay you off... — read more
IP Dept Layoffs
March 12
MCC (US) Layoffs
Jonathan Adashek just announced during a "MCC U.S. Huddle with Jonathan Adashek."
RA in AR
analyst relations just had an RA call and management said people will find out if they got whacked by 2 PM ET today (March 12).
Layoffs coming in US marketing and comms department
CMO Jonathan Adashek announces imminent layoffs in US marketing all hands call this morning.
IBM vice chairman Gary Cohn on "Face the Nation," March 10, 2024
Gary delivers facts and points out flaw in Biden billionaire claim. Gary is signaling that the right candidate needs to win in 2024 or businesses will be destroyed and the RAs will be overwhelming. ... — read more
New RA is probably just around the corner
Don't get lulled into a false sense of security.
IBM is no longer a front page story
In fact, in many venues it is no longer any kind of story, for the story has already been told over many years. People in the know are running away from the company, be they rank-and-file employees, executives, or customers. They aren't d-mb, and... — read more
Sick time payout in US?
Does IBM payout sick time in the event of a layoff in US? I believe they do payout unused vacation days, but how about sick time?
IBM's message to employees: ‘Raise your hand’ and volunteer for layoffs
This is from Hindustan Times, so take it with a grain of salt. IBM Layoffs: IBM is reportedly asking its employees who wish to opt for voluntary redundancy to step forward as the company begins another round of global job cuts. The layoffs will... — read more
What’s the latest on a voluntary layoff scheme?
Seeing all kinds of rumors around the net from colleagues in Europe.
Large Executive Bonuses Tied to Layoffs
I heard from a reliable source that both Arvind Krishna and James Kavanaugh have incentivized senior executives with very aggressive resource reduction targets and are offering large bonuses for those that achieve them. As just one example, a high... — read more
All Hands Hilarity
I've been mulling over the truly stupid all-hands calls I've attended whilst at IBM. My favourite was the collection of all hands calls immediately after the pandemic for an unnamed development department. In the first call, the executive tried... — read more
Hands up if you want to volunteer for layoffs, IBM tells staff
https://www.theregister.com/2024/02/29/ibm_launches_voluntary_redundancy_scheme/
What used to be and is no longer
https://www.marketplace.org/2016/06/13/profit-ibm/
This business model will break down soon
Acquisitions, layoffs, acquisitions, layoffs, cuts, cuts, acquisitions, jumping from workforce to workforce across the globe, more layoffs. The point of it all - bonuses for the mgmt, buybacks, more bonuses, more money for shareholders, more shares... — read more
How many layoffs will have to happen to pay for this?
IBM Nears Deal To Buy Software Company Apptio For $5 Billion International Business Machines Co. (NYSE: IBM) is nearing a deal for the acquisition of Apptio Inc., a cloud-based business software company, for about $5 billion, the Wall Street... — read more
Head of HR - NL is not an employee advocate and violating ethics.
Not helpful, cut our benefits while using company travel expense for HR Conferences that are self-serving and a ethics violation of our T&E Policy.
IBM RA tsunami to hit Eastern Europe
http://rsuibmsegrate.altervista.org/20240208.pdf It has been officially confirmed that a Resource Action (RA) will be implemented worldwide in early 2024, which will impact Europe more significantly than in 2023. Around 80% of the current reduction... — read more
RTO for non-manager...
Still so much confusion about RTO for non-managers... The CEO clearly stated that RTO is for Execs and Managers only... yet, the lower management ranks, VP and under still claim that RTO is also for employees that are within 50-miles from an IBM... — read more
Some analysts seem to have faith in IBM
Where Will IBM Stock Be in 5 Years? IBM has prioritized capitalizing on the growth of the worldwide hybrid cloud computing market. The company’s new business model is monetizing every aspect of what customers need once they adopt an IBM cloud... — read more
MCC MASS LAYOFFS COMING
If you are in the marketing and communications organization at IBM please start polishing your resumes and reaching out to your connections. IBM is going to do mass role terminations and hire low-cost talent in Bucharest, Bratislava, bogota, and... — read more
IBM paradox in a nutshell
It's a paradox: on one hand, there's outstanding research and patent achievements, yet on the other, a struggle to remain contemporary and impactful. After spending years in Silicon Valley, I joined this company, anticipating insights into the... — read more
RA in the pipeline
Talking to some manager and directors recently. There are RAs in the pipeline in T&O from what it sounds like. Probably the larger CIO org. Do with that what you will
Annual UK redundancy round begins....
What's that, like 4 years in a row now?
Parents rip NYC over remote learning failures during winter storm as DOE puts blame on IBM: ‘Disappointed, frustrated and angry’
Schools Chancellor David Banks pointed the finger at IBM for the remote learning meltdown, insisting the DOE’s internal team had “checked all the boxes.” “IBM was not ready for primetime,” Banks told reporters at a City Hall... — read more
100 Years Ago, IBM Was Born
Cheers to all before us and all of us today!
PIP and Severance package
Anyone in consulting can explain if being fired after put in PIP for utilization (there are no contracts thus no chargable hours) gets you a severance package. Also are you fired the last day of the PIP or given a couple of weeks. I'm not yet in PIP... — read more