Tech, Media & Telecom NDTV News Desk I always wondered how you'd handle this with your current company - do you disclose this to your manager, or just take some time off for personal reasons? IBM employees report a fresh round of widespread layoffs. I always wonder how I would go about doing this.. Don't be loyal to a company because they sure as hell won't be loyal to you. In a startling revelation, a senior IBM employee has deposed in an on-going age discrimination lawsuit that the company has fired as many as 100,000 employees in … IBM Layoff RA. For the other, there is no sure thing/company in the tech world, you have to change and adapt with the times. It started today. You can't tell them that you are just interviewing to see better job prospects (or can you? With an eventful 2020 thankfully in the rearview mirror, it’s time to start thinking about what 2021 might have in store for us. > Biggest layoff: 60,000 > Date of layoff: July 1993 When Louis V. Gerstner Jr., viewed by many as one of the great CEOs of the second half of the 20th Century, joined IBM (NYSE: IBM… TBH there should be limitations on retirement packages or something because it's getting a wee bit ridiculously corrupt. IBM Layoffs: Breaking the Rules . Explore more on Ibm Layoffs. IBM India staff still battle tech blues fearing more layoffs 28 Jan, 2015, 09.57 AM IST. Ensure you're building skills that are valuable and employable outside of your own company, and leave before it gets to this point. Hardly news. 25 41. facebook twitter reddit hacker news link. Find Ibm Layoffs Latest News, Videos & Pictures on Ibm Layoffs and see latest updates, news, information from NDTV.COM. They mainly just make mainframes and stuff now right? The source for that number is long time IBM critic Robert X Cringley. On its first-quarter 2020 earnings call, IBM said it could take additional structural actions that could lead to cost savings. I got laid off from IBM along with 15,000 others in 2002. There's no harm done besides wasting a bit of time in case you can't find anything better. Company information: Industry/Area of Activity: Retailers: Food & Drug Industry Code: 5333 About Walgreens: Walgreens (The Walgreen Company) is a large company that operates as the second-largest pharmacy store chain in the USA . The coronavirus outbreak prompted many tech companies to slash their workforces. They're in services, software, and enterprise hardware. Same year Lou Gerstner left the company with a 3/4 billion dollar retirement package. IBM India Denies Report Of 5,000 Possible Layoffs In Coming Months The report comes amidst a flurry of performance-linked layoffs by many IT companies in India. For one, Unless actually announced by IBM - not to trust unsubstantiated rumors. Having been in a company that was on a downward trend like this, it was pretty obvious that something had to give. IBM is planning to acquire Red Hat, a company that provides enterprises with open-source software, and the layoffs serve as a way to “evolve its business”. /r/news isn't for: editorials, political minutiae, commercials, shouting, Justin Bieber updates, or kitty pictures. Four former IBM workers, who were all in their mid-50s when they were laid off in 2016, filed their lawsuit March 27 in the federal court for the Southern District of New York. Apparently the name of the project for the reorg+layoffs is project chrome, http://www.cringely.com/2015/01/22/ibms-reorg-hell-launches-next-week/. Sending jobs to India/China? For one, Cringely has been wrong in the past. Last year, under new leadership, HP said it would cut 9,000 employees, while IBM rival Cognizant soon after announced plans to eliminate 7,000 positions. Last week, the union said that about 2,800 employees were laid off in two IBM units: its software group, and sales and distribution operations. TheLayoff.com is live since January 31, 2009! TBH there should be limitations on retirement packages or something because it's getting a wee bit ridiculously corrupt Don't be afraid of applying for interesting positions once a year even if you are content with your current job. That's the bigger point in the article than anything. It's weird to think they were once the big swinging dick of personal computers. The tech company said that it would be shedding the size of its staff by eliminating workers in various key areas. What should we learn from LayOff stories, should we work harder in the corporate or quite before we would be layed off. This mainstream news often covers stories about companies laying people off as they slowly tank. Layoffs happen, sure. That's less than 1% of their workforce. IBM confirmed job cuts. Having spent about a decade at IBM, there was a constant stream of layoffs , punctuated by occasional reorgs. The layoff news comes as IBM in recent days has announced two acquisiions, one geared to services and the other to cloud. I wouldn't get too concerned about this just yet until we actually hear something concrete(AFAIK, the individual who penned this hasn't had the best track record), keep your contacts fresh, resumes updated, and ABN(always be networking), practice your interview skills/elevator pitches. While what he says is not unfounded, he exaggerates too much for me to listen to what the says. Fortune Conferences IBM CEO Ginni Rometty. My thoughts go out to those on the chopping block, there's a lot of talk around here that this is the end of the Rochester plant which really is a sad day in american computing. 567 2 16. Regardless of how awesome you are at your job, you are never really "safe". What would you do when they ask you about your last job (which would be your current job)? It’ll be done in two waves and from what I saw the severance packages will be pretty decent. The IBM i community, like most of the world, could use a little bit of hope at the moment. Press question mark to learn the rest of the keyboard shortcuts, http://www.itworld.com/article/2875112/ibm-is-about-to-get-hit-with-a-massive-reorg-and-layoffs.html. The Layoff discussion - User says: ``IBM Layoffs 2021'' regarding IBM The entire org is about to start undergoing massive layoffs. IBM to layoff 110,000 staff, 25% of its workforce -- what should we learn from such stories (Microsoft, Nokia, IBM, ..) What should we learn from LayOff stories, should we work harder in the corporate or quite before we would be layed off. This isn't big news, it is business as usual. I suspect it's not a complete surprise to most of the employees that will be affected. One additional point: mass layoffs are often not based on performance. Don't be afraid of applying for interesting positions once a year even if you are content with your current job. IBM Google Amazon. Does this story (and the others -- Microsoft, Nokia, etc...) have any implications about the employment prospects for the whole industry? The tech company said that it would be shedding the size of its staff by eliminating workers in various key areas. News, personal experiences, rumors and speculations about layoffs at your company. Sounds like management is busy running another "too big to fail" into the ground. r/IBM: This subreddit is not an official IBM subreddit, it is available for employees, new-hires, candidates, and the public to discuss the company … 46 were here. A fresh round of layoffs appears to have hit IBM this week, with Big Blue pledging to maintain medical benefits for employees who lost their jobs amid the current coronavirus pandemic. 2021 Predictions for IBM i, Part 1. It depends who you ask. If you skim through my post history you can see some of the horror stories I've told here about IBM Rochester, I'd be happy to retell some of them if anyone is interested. IBM’s CEO concedes not all customers embrace Big Blue’s upcoming split. Among the aforementioned Airbnb and Uber, many other tech companies recognize the importance of being straight with the numbers when announcing mass layoffs. Project Chrome, a massive layoff that IBM says is not a massive layoff, is under way. The job cuts were in the works for a while, the company said. Nov 22, 2016 Bookmark. IBM fastracks plan to partner with IT firms for hybrid cloud services. What were the general age of the people. IBM Layoffs. IBM is clearly eliminating many people over 50 and with 15 or more years. ), and what would you do if they asked for a reference from your job? Almost all of my coworkers are former IBMers, most all of them are 40+, and at the time they had been hired by IBM it was one of the better places to work in the CS world (80s-90s). Source: IBM. IBM will eliminate "several thousand jobs" as of May 22, ... Those opting into the layoff plan will leave with a pay and benefits package, but the company offered no details about compensation. IBM should stick to research. You should strive for reaching a state where you are so confident of your ability to get a new job that you no longer care if you get fired. Sounds like management is busy running another "too big to fail" into the ground. IBM Corp. (NYSE: IBM) has issued more layoff notices, marking the third round of IBM job cuts so far in 2016, according to multiple reports. IBM confirmed reports from overnight that it is conducting layoffs, but wouldn’t provide details related to location, departments or number of employees involved. What would cause such tragedy? IF your company won't day anything, you might be able to find out here about lays-off via the news. He is out to get IBM in particular. comments. r/newIBM: /r/IBM/ was taken over by IBM PR, this is an independent IBM community where freedom of speech is the pillar of operation. Multiple interviews might require taking a day off on a short notice - or maybe even a few, which might be a problem. In a statement, the company said the "highly competitive marketplace requires flexibility to constantly remix high … It seems that senilism may be contagious. These reports bring the total layoff count at IBM to about 4,200. This is an incredibly small number of people for a company of IMB's size. Whole departments of the Global Technology Services (GTS) wing were let go on a single day, and the Global Business Services (GBS) team has also been hit hard. “IBM should be as forthcoming as all the other companies,” said Conrad. January 13, 2021 Alex Woodie. Press J to jump to the feed. This is why it's important to always keep your interview skills fresh. Layoff News. According to the News & Observer: “A new wave of layoffs has struck IBM sites around the globe, including the sprawling campus in Research Triangle Park that makes the technology giant one of the area’s … IBM announced its layoffs late Thursday. by Joe Panettieri • Sep 2, 2016. TheLayoff.com is a simple discussion board for all of us who would like to learn more about the rumors or possibility of job cuts in our company. well IBM's not announcing shit, and they're working really hard to keep it quiet...but they've started notifying entire departments that they've been laid off in 30 days. IBM Cloud Pak Lay-off is imminent. But when a organization lays off 25% of its 400k+ employees, that's not common. I live in Rochester, what use to be home of one of the largest manufacturing plants for IBM in the US. Source: http://www.itworld.com/article/2875112/ibm-is-about-to-get-hit-with-a-massive-reorg-and-layoffs.html. Some of the targeted were for not getting at least 50% of their potential sales bonus (those are subjective payments determined by management from usually underfunded bonus budgets). That should not … That's nothing IBM helped the Nazis in WW2 permanently lay off all them concentration camp victims. This includes, sources said, a few hundre IBM maintains it didn’t discriminate and says it believes the lawsuit will fail. From around 1.65 lakh employees on its payroll in 2011, IBM's India headcount is expected to slide to one lakh by March this year. I was part of the first big wave of Microsoft layoffs in July. For a subreddit without US news, visit /r/worldnews. Conrad said IBM’s level of secrecy was mystifying. Project Chrome, a massive layoff that IBM is pretending is not a massive layoff, is underway. Having done contracts with IBM, just overall shitty management and some terrible business services products. IBM Layoffs Discussion @ TheLayoff: IBM Employees and visitors discuss possible upcoming job cuts: size, location, positions, media coverage! IBM responded in an email to news agency Reuters that the company had "just taken a $600 million charge for workforce rebalancing" and this equated to job cuts of "several thousand employees, a small fraction of what's been reported (by Forbes)." Press J to jump to the feed. If I could go back and give my pre-layoff self any tips/advice, this would be it. Find out which companies are under stress now. They also own a lot of patents so they can just live off the work they did years ago. edit: There is a good post in r/IBM that goes into better detail about Cringley. After Arvind Krishna took charge as IBM CEO in April 2020, the company placed its cloud computing bets on the Red Hat OpenShift platform which it had acquired a few years ago. 10,000: the official layoff number that might eventually be quoted by IBM. The bulk of what I've gathered from my coworkers is, it's a pretty standard process when you know your number is getting called, and as much as it sucks, it really has nothing to do with the quality of your work. Big Blue doesn't confirm, but notes extended medical benefits for employees who lose their jobs. While it was primarily manufacturing, there were a lot of developers as well. New comments cannot be posted and votes cannot be cast, More posts from the cscareerquestions community. The company website's jobs page shows more than 7,000 openings. Messages relating to layoffs at Walgreens are presented below the company info. But many of laid-off workers say they're still getting job interviews. Workers at IBM are reporting that layoffs are hitting Big Blue's workforce in the US and other countries, including employees focusing … Press question mark to learn the rest of the keyboard shortcuts. The last consumer product they made that was worth AF was the Thinkpad. FYI, IBM did another large layoff last week. A thread on the Watching IBM Facebook group, which tracks layoffs at the biz, mentions a reduction in headcount within cloud and cognitive software teams and Watson health. BLIND. Want to comment? For op-eds and minor political news, visit /r/politics. Could you or someone explain how you would interview around during your first job to keep your interview skills fresh? IBM India staff still battle tech blues fearing more layoffs 28 Jan, 2015, 09.57 AM IST From around 1.65 lakh employees on its payroll in 2011, IBM's India headcount is expected to slide to one lakh by March this year. The layoffs demonstrate the contradiction inherent to the capitalist mode of production, namely the … The goal is to go from 200 or so to 75. I got laid off from IBM along with 15,000 others in 2002. Source: IBM. The number was mentioned by him in his article on Forbes.com last week. Shares of the company are up 16% since the beginning of the year. New comments cannot be posted and votes cannot be cast. The IBM spokesman wanted me to point out a few other things. Same year Lou Gerstner left the company with a 3/4 billion dollar retirement package. Entire departments being told they're no longer needed. Could IBM be preparing for the biggest corporate layoff in history? If you're working M-F, would you have to use up your vacation day for that? On Reddit.com, a popular social media website, employees and software users gathered to cast eulogies to the company’s open-software ethos, share job-hunting tips and worry about future layoffs. The ProPublica report also asserts that IBM broke an array of age-discrimination rules, and states, among other actions, that it “targeted people for layoffs and firings with techniques that tilted against older workers, even when the … IBM Stock traded at: XNYS Industry Code: 9533 About IBM: International Business Machines Corp. (IBM) is a large multinational technology and consulting company. This layoff comes right after they fired 300 Indian employees, and this proves that IBM is right now on a layoff path/ ... Share Facebook Twitter WhatsApp Linkedin ReddIt … The company employs about 350,000 people (as of 2018, IBM Annual Report) globally. Cringley has been talking about IBM layoffs forever and generally gets his attention from yelling about an IBM doomsday. IBM CEO Ginni Rometty. Source: Friends that work(ed) there. LOG IN or SIGN UP. They're not trying to make consumer products. If you're super-awesome, it might be easier to find a new job within the same company by word-of-mouth, but that might not be ideal (and there might/will be a hiring freeze that coincides with layoffs). The headquarters are located in Armonk, NY. Outsourcing? India Business News: Within 50 days of his taking charge, IBM CEO Arvind Krishna has undertaken a major layoff exercise globally. IBM layoff / RA from 2016 Wanted to get some numbers from IBM people who were RA or know someone. IBM Truunk ... #layoff #severance #cpat #swe #layoff. I'm sure a lot of these guys won't have issues finding another job, though. Most analysts have also dismissed the possibility of a layoff on the scale reported by Cringely. IBM artificial intelligence technology can predict with 95 percent accuracy when an employee is about to leave their current job. Watching IBM is the successor of the now suspended Alliance@IBM … First reported by Robert X. Cringely (a pen name) in Forbes, about 26 percent of the company’s global workforce is being shown the door. IBM was already cutting jobs earlier this year, although the company wouldn’t say how many positions were being eliminated. Real news articles covering both the United States and the rest of the world. A subreddit for those with questions about working in the tech industry or in a computer-science-related job.