https://www.msn.com/en-us/money/savingandinvesting/ibm-s-new-401-k-strategy-could-threaten-retirement-plans-for-its-workers/ar-AA1k9hkm While employees will lose out from this retirement benefit switcheroo, IBM should get a lovely boost to its cash... — read more
Where is the Global Head of HR ..
when all of our benefits and 401K have been cut? Ohh, I know at some HR conference posting social media pictures on LinkedIn. You've lost the trust of all of us, Diane must be kicking herself, she never would of allowed so many employee benefits... — read more
RTO for Sales
Are others noticing language like this in their sales organizations: A maximum of two days per week allowed for working from home, with a requirement of spending at least three days per week either on a customer site or in an IBM office?
Is IBM resurgent again???
The latest quarterly financial result seems like so.
RTO Layoffs
Anyone have any information on if those who did not follow the RTO mandate will be laid off, and if so when this will happen?
More RAs coming
Are rumors about more RAs before the end of the year true? I think the answer is no since I don't remember that IBM ever cut people right before the holidays, but I haven't been here long enough to be sure. Plus, we've lost too many people this year... — read more
IBM management made it easy to!
It was interesting sometimes in life when one is wishy washy to make up their mind, should they or should not they retire. One manager comes along and makes your work life so pain full that one just says I am done and getting out of here. However... — read more
Rto canada
Has anyone in canada been told that they have to RTO? And if so did you move home for covid or have you been home long before covid? Thx
Detailed Article on IBM "Pension Reform" (Correct URL)
https://www.theregister.com/2023/11/02/ibm_401k_changes/ "Changes gone down about as well as a hard reboot on a production DB"
Detailed Article on IBM "Pension Reform"
https://www.thelayoff.com/t/1pnNRDkR "Changes gone down about as well as a hard reboot on a production DB"
WW VP of Security Resigns
Wow, another great exec resigns. (CM). He built the business over the past 10+ years into a hugely profitable and growing business . How do you sc--w up a good executive or a growing business? Ask Sr Management who are internally focused and... — read more
IBM to stop contributing to employees' 401(k) plans
Starting January 1, 2024, IBM is changing how IBM provides retirement benefits to eligible employees. Instead of IBM making contributions to employees’ 401(k) accounts, IBM will provide a new benefit called the Retirement Benefit Account (RBA). Each... — read more
The layoffs seem to have not taken place
I have been watching this site since April 2023. I started during the time all the major tech companies were laying of (Amazon, Facebook,Microsoft etc.). IBM layed off 3,900 in January but from April till now they haven't had a major layoff compared... — read more
IBM software sales up 8% as the company beats on top and bottom lines
To reach its target for 2023, the company must now generate $5.4 billion in free cash flow in the fourth quarter, more than what it has picked up for the first nine months of this year. The most important point in the article. There is no... — read more
Infrastructure continues to lag
TSS = -7% Power and storage = -6% Z = +9% IBM sooner or later has to admit they are just an Enterprise company
Where to Invest $100,000 Right Now (IBM Is an AI Play)
Sure would love to bet against this guy's play. . . [Only excerpted from the article the portion on IBM] https://www.barrons.com/articles/where-to-invest-100k-right-now-cc6d6361 Updated Oct 18, 2023, 1:00 pm EDT / Original Oct 13, 2023, 1:00 am... — read more
IBM’s former IT services group plans to separate its China business
The company has “been finding it very hard to [operate] as a US corporate in the data and technology space in China”, one of the people said. “It makes you wonder which other big tech companies are going to have to follow the same ... — read more
How long once put on PIP
My manager had a meeting that felt was a heads up about a negative remark he’d put in my annual review (which isn’t for a few months). I assume this meeting was to tell me I’d be marked as a low performer despite having been previously ranked... — read more
IBM (NYSE:IBM) Partners with AWS to Provide AI to Clients
Furthermore, IBM said it will trust AWS to upgrade its AI expertise by having AWS train over 10,000 workers within its consulting division. Getting the Consulting unit primed for the auction... — read more
Former IBM CEO Ginni Rometty doubles down on skills over degrees to get ‘more and more people better jobs’
‘more and more people better jobs’ People? Get with the program, honey: people are being phased-out and replaced with "New Collar" AI bots. https://fortune.com/2023/10/11/former-ibm-ceo-skills-vs-degrees/ By: Kylie Robison October 11, 2023 at... — read more
IBM is not a healthy workplace
Especially if you are over a certain age.
Hiring Freeze
Any upcoming hiring freeze?
The 20 companies students in tech around the world most want to work for
IBM at no. 5?! What sort of criteria were used to assemble these rankings? IBM Amazon Apple Microsoft Google https://www.businessinsider.com/companies-it-tech-students-around-world-want-to-work-for-2023-10
Oct 11: any guesses?
Heard rumors that a big announcement is coming on Wednesday. Initially I thought it was just for our organization, but looks like Arvind has a call on that day. Any ideas of what is happening next week?
Lack of true innovation
Have you noticed how we've taken a step back from relying on innovation these days? It's hard to wrap my mind around it, especially considering how instrumental innovation was in turning IBM into the company it is today. The most frustrating part is... — read more
IBM foresees no layoffs due to AI, company will hire more workers than it lets go
One of the first big companies to confirm that it will stop hiring for jobs that could be performed by an AI, IBM, has said that it doesn't intend to lay off any programmers as a result of the technology... — read more
IBM’s CEO says ‘the first thing you can automate is a repetitive, white-collar job,’ but he’s not cutting workers: ‘I’ll get more’
Sure AK, sure. . . https://fortune.com/2023/10/03/ibms-ceo-automate-repetitive-white-collar-job-not-cutting-workers/ By: Paolo Confino October 3, 2023 at 3:15 PM CDT The CEO of IBM, who has taken heat for suggesting many back-office tasks could be... — read more
New employees are vulnerable
New hires of less than a year are generally non-touchable on an RA. Only time a new hire of less than a year can be RA'ed is if an entire team is being RA'ed. Came directly from an executive when questioned after the last RA. Correct me if I'm... — read more
Most patents in the USA
2007: 🇺🇸 IBM 2008: 🇺🇸 IBM 2009: 🇺🇸 IBM 2010: 🇺🇸 IBM 2011: 🇺🇸 IBM 2012: 🇺🇸 IBM 2013: 🇺🇸 IBM 2014: 🇺🇸 IBM 2015: 🇺🇸 IBM 2016: 🇺🇸 IBM 2017: 🇺🇸 IBM 2018: 🇺🇸 IBM 2019: 🇺🇸 IBM 2020: 🇺🇸 IBM 2021: 🇺🇸 IBM 2022: 🇰🇷 Samsung Electronics
Where are the IBM jobs nowadays?
Back in the day when I was with IBM, the major centers for employment in the US (to my knowledge) were RTP, Austin (including Tivoli), Poughkeepsie, San Jose, Somers and Armonk. Add in Yorktown Heights and Hawthorne for the research jobs, and... — read more
Ex-Collegue was ra’ed and ended up taking customers with him
This happened years ago. An ex colleague of mine got ra’ed. But he was able to convince customers he was managing to leave ibm and join another competiter. Management was PI---D but nothing they could do. Talk about karma. Lol
I enjoy working at IBM
I have worked at IBM for 5 years, and I enjoy it very much. I would say it ranks near the top of all places that I've worked. The work/life balance is excellent, unlike other places. I can enjoy my weekends without doing any work. I often... — read more
J&J, IBM face class-action lawsuit over patient data breach
More reasons for layoffs besides paying for brought companies https://www.fiercepharma.com/pharma/johnson-johnson-ibm-face-class-action-lawsuit-over-patient-data-breach
Older companies have less innovation
Therefore senior management is a care taker that protects the dividend. You do that with acquisitions that bring short term value to the bottom line.
A long-term nightmare in the making
IBM's habit of replacing older employees with younger ones might save us some money, but it's also causing us some serious issues. The younger generation doesn't seem as committed. That's just a fact. They don't go above and beyond their job... — read more
And yet we keep laying off
Talking Business: After hiring struggle, IBM official says Baton Rouge center is continuing to grow... — read more
Now IBM sued for age discrim by its own HR veterans
https://www.theregister.com/2023/09/21/ibm_age_discrimination/ The complaint [PDF], filed Wednesday in a New York federal district court on behalf of plaintiffs Pamela Wimbish, 62, and Patricia Onken, 66, says that contrary to CEO Arvind Krishna's... — read more
IBM stock is up over 3% today, what is driving this?
simple question, what is making the stock go up? any insight?
New hires and severance
Are people who have been with IBM for under a year eligible to receive a severance package during layoffs?
IBM commits to training 2 million in AI over next 3 years
https://www.marketwatch.com/story/ibm-commits-to-training-2-million-in-ai-over-next-3-years-6ce3bd78