Workers at IBM are getting hit again with layoff notices This round will be gone by AUG 17th, Numbers have not been published as yet. Those given layoffs on March 1st are not even gone yet. It I snow clear why IBM has changed its practices of giving 6 month severance to 1 if you had 20+ years. Layoffs are a way of life for US workers.
But recently indicated that it was hiring 20K openings. The job site internal to IBM shows thousands less than that. Dont be confused, these jobs are going to lower cost labor overseas at the expense of US labor. Just like ford opening new plants in Mexico, Carrier moving to Mexico.. all these American corporations have become so greedy at the expense of the US workforce who though the years have built these companies. Some say, its just business. I disagree. IBM has fallen from its founding principles of respect for the individual to respect for money and nothing else.
BM reported first quarter 2016 results wherein both earnings and revenues beat the Zacks Consensus Estimate but fell year over year. In fact, this is Big Blue’s sixteenth consecutive quarter of decline in revenues and the worst quarterly revenue seen in the past 14 years.
Managers have been asked for a slate of names. They will wait till the June 1 layoffs are done, let the dust settle, then the next round will begin. Jobs are ending here and are being sent to lower labor cost markets like Costa Rica, Brazil, Romania and India. While people here loose their jobs, the board and Ginny and her team of rat escarpment managers take millions in stock and bonus money. IBM at its worst
in the coming months to celebrate, the target logo will be on the back. Just like it will be when you let your kids go into target bathrooms. The lawyers are salivating for the first assault in the target bathroom. It will bankrupt the chain.
This bathroom issue is just the latest in several missteps by the CEO in the last year trying to pander to "special" groups as he calls them. targets shopper base base is not LGBT, it is families with children who have and will not shop at target where their kids may not be safe going to the restroom. FIRE THE CEO!
vote AGAINST the members on the board and the CEO! The small investor dont have a say as the "inside gang" holds tens of thousands of shares...nothing changes because they vote themselves back in. Small investors unite and FIRE the BOARD for doing NOTHING but letting this idiot CEO, after 8 quarters of losses continue to run a once prod company!
The Board needs to take action before this loser grinds the Company into dust...8 qtrs. of losses speak volumes on this woman's leadership. The panty waste Board of directors to cowardly to act!
She should lay herself off instead of the most experienced talent they are letting go. IBM is India Business Monkeys
IBM is becoming a US corporation in name only just like Nike, Apple and others. In the next two years look for IBM to move world headquarters out of the US for tax purposes, just like other US corporations are doing. The greed of these companies is increasing while they USE people as slaves until they off shore to cheaper labor markets. Your greed with be your undoing.
BECAUSE, the work is still there but jobs are then filled with off shore people who are not as skilled as those being let go, due to reason relative to wages, benefits and age. You may think its good to reduce costs like the finance people urge BUT if you have to spend twice as much in training and rework than you did before, it actually costs the company more money. No one tracks that cost. Mgmt care not for people, just results,
The further erosion of IBM talent ;leaving by resignation or layoff will eventually come back to hurt the company. IBM used to be a work life balance company that valued innovative and creative people. Results are the only things that matters now. Like Nike, IBM will become an off shore company, American in name only and has currently become a sweatshop work environment. You dont see the executives giving up their multimillion bonuses because its all about them at the expense of the people that make things happen. What goes around comes around for these work workplace scorpions now running IBM
Its been rumored to be 100K worldwide. While the idiots at the top takes millions in bonuses. If your in IBM now, I would advise you to get out while you can before YOUR the target next quarter.
Watson Analytical are targeting people who fit those categories, then people get low reviews, then layoff package. IBM has become a sweatshop with no work life balance any longer. Very little workforce left in the US and what remains is heavy layers of management. It doesn't matter if you layoff 100 thousand, those who stay will need to work longer and harder to keep their Jobs. Ibm is not a good place to work any longer