Verizon has cut three states out of the pie and took a helluva hit with Vodaphone. As a result, staff has been cut and the remaining carbon units are working 12 hour days to make up for the lost talent. Way to go VZ.
or they fire you anyway and transfer the job to some drone unit in Bangalore with no bennies and a salary of $20 per day and bill client $250 an hour. Great for shareholder value isn't it. The customer? Oh hell, we are just following his directions says IBM.
Oh my but you have rosy view of the future. IBM will miss it, as it usually does. (Had a chance for ethernet but went with token ring. Had a chance with Windows but went with OS/2. Even had a chance to buy a fat chunk of Microsoft and passed on that one. Had a chance with the original PC but blew that in favor of PS/2. SNA? OfficeVision??? As/400 was moved offshore recently. So, what the hell as IBM ever done right?
Not for those reasons, IBM is slow. Always has been, it is not a nimble, fast firm and that has never changed. Ginni may WANT to go into the cloud, but the firm moves at a glacial pace. Missed the boat.
Go live in India, where the IT jobs REALLY ARE. Shill - listen up, this is an IBM board and financial and business discussions are OK here, not about the Ford Motor Company or political #$%$ or pennystocks. IBM is destroying itself by financial gimmicks, hey those 11 quarters of revenue DOWN help alot. But drink your koolaid.
ALWAYS the job cuts call those techs DEADWOOD or some such insult. Cut into the bone, and more. That is not DEAD WEIGHT.
Next up in Ginni's gutting of the IBM carcas should be the sale of IBM systems. Maybe she can sell everthing IBM domestic and that way have zero salary and associated employee benefit costs, THEN INDIA will shine like the low cost diamond they want it to be. Clients won't like that of course, but hell, shareholder value is the only thing that counts, right???
I BELIEVE IN LOUSY MANAGEMENT. GO URSULA!!! Keep delivering poor results and WE ARE GOING TO $12 TODAY. I USED TO BELIEVE AND YOU SHOULD TOO. More Lousy results COMING....
Oh this will increase share holder value and destroy the workforce and wreck client relationships, but shareholder value is ALL WE ARE AFTER, right???????????
Note that Gerstner was an outsider to IBM and that Sam the Man and Gin the Gal are true Blue BEAMERS from the firm, so they cannot THINK the right way. They speak IBMese, use long phrases and want the 50s out (aka systems talk for age) and want to go the right way like the foils, eh, powerpoint charts tell them but cannot do so. Oh, India is cheap on salary and bennies so that is good for shareholder value, but still they are both INSIDE THE BLUE BOX people. They have and ARE wrecking the firm
And Ginny is cutting staff in the Software division that writes code for Cloud based apps, so .....
The really real problem is that IBM still believes it is the IBM of old, the giant who manipulated the market, managed market share by FUD tactics and could swing mainframes this way and that, rules that no longer apply to anything happening in IT today. Old habits are very hard to break. God help Ginni if she places reliance on "foils" in presentations. (IBMers know what that phrase means).
Brilliant how IBM, with over 300,000 employees won the fight against Microsoft, right? And look at the dominance of OS/2 WARP over that long forgotten Windows? And look how those PC systems are just flying off the shelf, right? And look at the Texas Data Center? All the revenue from AstraZeneca and Hilton. Wow, brilliant moves IBM.
And it guarantees alot of paid workers in Cairo. Of course, the thousands being fired over here can move to Egypt very quickly and, of course, that is an enormously STABLE CORNER of the world right now, right?
Every three months or so somebody posts the notion that CSC will be bought and this happened for the past few years. Not going to happen, least of all with IBM which is engaged in dumping staff and other entitites right now. Wants nothing to do with buying a firm whose commercial side is toast and government side is difficult. Besides, $98 is a pipe dream.
And all IBM workers in the Duboque, Iowa facility are fired because of this and I am sure that Kaiser will greatly come to appreciate the higher quality of service Bangalore provides. Sure they will.
WAIT - THEY ARE ALSO A COMPUTER SERVICES COMPANY? HAHAHAHAHA. Hardly, ACS is hated by support professionals and clients. Does Ursula still have a 27% approval rating??? And maybe the stock can finally ROAR DOWN to $12 by Friday???