Topics regarding layoffs at IBM

Topics regarding layoffs at IBM

RTO / SEPARATION OPTIONS?

Has anyone seen exactly what the separation package is? Previous packages have been three months' pay, one month's pay, and way back - a month for every year. How are employees supposed to make such huge decisions without any information on what... — read more 

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| 3220 views | | 14 replies (last February 21, 2024)
Post ID: @OP+1r3pPtgg

Pension Stripping Threatens America’s Retirees

Always remember that any moves IBM makes w.r.t. employee benefits is always to advantage them and disadvantage the employee. Always. https://www.nextavenue.org/pension-stripping-threatens-americas-retirees/

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| 565 views | | no replies yet
Post ID: @OP+1r2jIxGI

IBM losing Clients faster than signing new ones

I have noticed lately that at least in the area I work, ibm consulting us public sector, that we are losing clients faster than signing on new clients. Anyone noticing this in other departments/divisions of ibm?

F&O layoffs in US?

Rumor has it there are significant cuts coming to F&O in US. High percentages were thrown around, but that may be specific on individual teams. Anyone has more details? Will they be focusing on people who are far away from the offices? Will it be... — read more 

IBM is the leader in AI-related patents

IBM — not Microsoft, Google or OpenAI — tops the list of firms with the most AI-related U.S. patent applications over the last five years, according to research shared first with Axios. Why it matters: While patents are just one indicator of... — read more 

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| 840 views | | 7 replies (last February 16, 2024)
Post ID: @OP+1qYK5F2z

IBM has peaked

Isn't it sad to know that the company you work for peaked decades ago and it's only downhill from this point on? I have to say, I envy those of you who worked at IBM when it was at its full strength. I heard great things about those times from older... — read more 

Power cloud news

https://www.theregister.com/2024/01/25/ibm_cloud_toronto_migration/

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| 1280 views | | 6 replies (last February 8, 2024)
Post ID: @OP+1qWXsgPB

AI too costly to replace humans

With AI replacement becoming the excuse No.1 for so many layoffs recently, it is illuminating to look at the results of the recent Stanford Study. It showed that AI may prove more expensive than human workers for years, maybe decades, to come. If... — read more 

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| 1140 views | | 3 replies (last February 4, 2024)
Post ID: @OP+1qSEAshW

RTO and activist investors

I know most employees dont care about activist investors, but that is the real source of the RTO mess. For years IBM hasnt returned the best stock results. Its not a secret, IBM hired expensive consultants to find ways to defend against activists... — read more 

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| 1350 views | | 9 replies (last February 9, 2024)
Post ID: @OP+1qScLhk3

I would make them fire me

I'm not a manager, but this ultimatum of "come into the office or leave" is ridiculous. I would not comply and I would most certainly not leave. They can either lay you off (in which case you get severance) or fire you (not as good but at least you... — read more 

Some people get it

Why bosses forcing workers to return to the office is a mistake—and what to do instead Donald Knight, chief people officer at Greenhouse argues that forcing workers back into the office is harmful to a company culture and its bottom line... — read more 

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| 1220 views | | 3 replies (last February 6, 2024)
Post ID: @OP+1qRrBbLB

RTO slight retraction Rumor

I heard a rumor that the RTO ultimatum has been rolled back to "Encourage rto if within 50 miles of an office, but not required. Adding that they instead want people to meet up with other IBM'ers 12 times a month, which can be lunch, coffee, happy... — read more 

RTO

What’s the point of mandating executives and managers to RTO if the teams they manage don’t need to do the same? Obviously this is a ploy to reduce managerial headcount without having to pay severance costs…anyone with half a brain can see this for... — read more 

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| 1760 views | | 7 replies (last February 1, 2024)
Post ID: @OP+1qPL3dEn

Scope of yesterday’s layoffs?

I am hearing the National Market was hit hard. Any other areas? Is this just the beginning? If you have been affected, pls post which BU.

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| 2850 views | | 8 replies (last February 3, 2024)
Post ID: @OP+1qP8DwdP

RTO ultimatum to managers

“International Business Machines Corp. delivered a companywide ultimatum to managers who are still working remotely: move near an office or leave the... — read more 

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| 1190 views | | no replies yet
Post ID: @OP+1qPeYCFi

Layoff

They layoff two of my coworkers today. Don’t know what that means , but hopefully I’m not next

Citi card?

Hi - has anyone applied for the citi card in canada and have you received it yet? I have not. Trying to determine if that means I'm on a list ;)

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| 1360 views | | 5 replies (last January 30, 2024)
Post ID: @OP+1qMiCGeX

Latest earnings any reason to gloat?

Saw the recent earnings announcement. While they are somewhat respectable, are they really anything for the IBM executives to be gloating over? When they mention layoffs, it kind of ki-ls the excitement for us ground troops.

Remote Workers Bear the Brunt When Layoffs Hit

For those who are wondering who's going to be targeted in the upcoming RA, now you know. https://www.wsj.com/lifestyle/careers/layoffs-remote-work-data-980ed59d By: Te-Ping Chen Jan. 26, 2024 5:30 am ET Laying off employees is complicated. New... — read more 

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| 2100 views | | 5 replies (last January 29, 2024)
Post ID: @OP+1qLC7qYs

Layoffs?

Do we expect any soon? If so, when and where? Kavanaugh said they intend to spend 400 mil on restructuring, same like last year. We all know what restructuring means. They are also doing some hiring, and expect to have roughly the same headcount by... — read more 

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| 2860 views | | 6 replies (last January 30, 2024)
Post ID: @OP+1qKLRJgr

AI hype

Can’t wait to see how AI hype will shake out. However it does, one thing is sure - once the current AI bubble bursts, some will walk away with bags full of cash.

IBM Sees Strong 2024 Free Cash Flow, Plans Job Cuts

". . .and announced it expects to reduce jobs by a percentage in the low single digits." Get ready. https://www.bloomberg.com/news/articles/2024-01-24/ibm-sees-strong-2024-free-cash-flow-plans-job-cuts By: Brody Ford January 24, 2024 at 3:09 PM... — read more 

How are Instana and Turbonomics doing in the market?

I'm wondering how the Instana and Turbonomic acquisitions are going. Are they successful? Instana is rated in the bottom left corner of the Gartner MQ. I've never heard of a single customer of mine buying either. IBM has a long history of failure in... — read more 

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| 1310 views | | 3 replies (last February 10, 2024)
Post ID: @OP+1qIXSVS6

Recent Viral Video of Layoff

I'm sure you saw the recent viral video from ex-Cloudflare employee BP that is making its rounds and having an outpouring of empathy on social media as she recorded her layoff. Now that employee had only 4 months of service when she was laid off. I... — read more 

Salary increase tied to RBA

"IBMers will also receive a one-time salary increase to offset the difference between the IBM contributions they are currently eligible to receive in the 401(k) Plan and the new 5% RBA pay credit. " Did the salary increase happen so more money can... — read more 

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| 2130 views | | 9 replies (last January 28, 2024)
Post ID: @OP+1qCHQwoz

U.S Return to Office

Opening a thread regarding the US return to office (right now, the email is just directed to executives and people managers). Let's talk

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| 11730 views | | 77 replies (last February 6, 2024)
Post ID: @OP+1qByqQhE

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