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International Business Machines Corporation Message Board

louscashcow 2 posts  |  Last Activity: Feb 28, 2014 7:54 AM Member since: Dec 11, 2003
  • louscashcow louscashcow Feb 28, 2014 7:54 AM Flag

    What you and most of the rest of the "free enterprise" people ignore is that the people that are being cut are not fat. To the contrary, many of these people are working longer hours with increased responsibilities. These cuts are not due to deflation or anything of the sort. IBM is not losing money, they made $16.5 Billion in profit last year. The simple reason they are being cut is because IBM is trying to reduce expenses to reach the ridiculous, arbitrary goal of $20 EPS by 2015. Revenue is declining, that does not mean that the people who are working there are not needed, it means that customers are not buying what IBM is selling. They may be cutting good, viable, potentially cost saving or revenue producing projects based on affordability and not on the technical merit of the project. When you continue to cut the base of the tree, eventually the tree will fall. The moral at IBM is absolutely in the toilet. No one is happy to be there. From high level directors to the guy sitting in his office pounding out lines of code each day. That in itself should give any investor reason for pause. Through the never ending cuts, IBM has tacitly implied that their employees do not matter to them as long as the stock issues are protected. To me, these are morality based investment decisions. I have to take into account the point where money is more important than people. IBM has already shown where they stand on that one.

  • Reply to

    IBM discussion thread

    by iamgarce Feb 26, 2014 10:26 AM
    louscashcow louscashcow Feb 27, 2014 10:00 AM Flag

    They are helping you towards that today. Layoffs in the US are currently happening.

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