effectiveness—“doing the right things well.” By: Deepa Seetharaman, Sadie Gurman and Michelle... IBM announced plans in October to spin off its $19 billion managed infrastructure services unit into a separate company by the end of 2021. … IBM Corp. is cutting jobs in the first major layoffs under new Chief Executive Officer Arvind Krishna, according to reports late Thursday by Bloomberg and the Wall Street Journal. Tweets by IBMNews. IBM has sacked nearly 300 employees from its services division, as the technology giant looks to “re-invent itself ” and meet changing needs of customers. . “Enterprises do not know and have not learnt how to do large software projects remotely. […] And for now enterprises are slowing down on projects as they are busy with reopening plans,” he said. This includes, sources said, a few hundre Of course, this means that he is looking for the ideas where to cut next. So if you want to leave then you will just have to resign with... The seminar speakers will discuss alternatives to layoffs, such as leaves and changed work schedules. Analysts just rated it a mere 'contender' for hybrid management, Nvidia Hires IBM Vet Steve Fields To Work On Data Center Systems. The job cuts were in the works for a while, the company said. Would any of you risk quitting your somewhat safe job if you got a really good offer (a decent pay increase included) from a startup? — read more, so hearing that managers, exec's, etc have been made to sign NDA's and that some big changes are afoot for IBM Jan and Feb, Apart from the obvious k–ling of the staff what has anybody heard? I hadn't the time to review some interesting comments (I'm wrong or they were regarding imminent RA actions) and moreover I would have been glad the chance to... — read more, AK asks to share the thoughts on where IBM is wasting resources and where we can save money. India Business News: Within 50 days of his taking charge, IBM CEO Arvind Krishna has undertaken a major layoff exercise globally. ( Link to the full complaint – https://s.wsj.net/public/resources/documents/DOJ%20Facebook%20visa%20lawsuit.pdf ) IBM layoffs will impact employees in at least five states — California, Missouri, New York, North Carolina and Pennsylvania — according to Bloomberg. — read more, https://www.c—roachlabs.com/blog/why-i-left-ibm/. IBM CEO Arvind Krishna IBM has not denied reports that it will be laying off staff, telling ZDNet that employees will have the opportunity to re-join Big Blue where roles are available. 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. . So you may opt for it but if management thinks you are key for them then they won’t give you the 6 month offer. Among the aforementioned Airbnb and Uber, many other tech companies recognize the importance of being straight with the numbers when announcing mass layoffs. https://www.theregister.com/2020/12/08/forrester_wave_hybrid_cloud_management/. Incoming IBM CEO Arvind Krishna faces monumental challenges on multiple fronts. In addition to GTS, reports indicated that layoffs included employees in IBM’s cloud infrastructure, security and health care divisions. I highly endorse this … is RA done in the US? The IBM job cuts, expected to … IBM confirmed reports from overnight that it is conducting layoffs, but wouldn’t provide details related to location, departments or number of employees involved. IBM joins a growing list of tech companies that have been forced to engage in layoffs amid the pandemic. Those folks in the UK are getting a sweet deal. Also, the company's improving position … Significant cuts in DBG - client execs serving global markets and commercial accounts. I know of 20 people personally, that got 'RA'd today which is IBMs language for layoffs. Ive heard software services will merge into GBS ... They were let go as IBM focuses on emerging technology capabilities and reduces exposure to traditional services. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services ... IBM had around 352,600 employees as of … We have been present in India for several decades and this partnership will only grow... The news comes against the backdrop of companies large and small laying off large numbers of employees as the pandemic takes its toll on the workforce. IBM announced this week that it is spinning off its legacy Managed Infrastructure business into a new public company, thus creating two independent companies. . At least 50-60 people affected. We verify a majority of tips and include independent sources, but for tips that we are unable to verify we separately categorize them as unverified reports to avoid misrepresentations. How do you perceive this? I don't get it. IBM should be buying Retail companies not Tech companies. IBM Lays Off 1,700 Employees as Part of Restructuring Plan IBM's focus on expanding product offerings for customers bodes well. See all Media Contacts. Tips reported are left anonymous unless they explicitly ask to be included as a source. or the Admin of the site ? International Business Machines Corp. cut an unspecified number of jobs across the U.S., eliminating employees in at least five states. The old guard is alive and well, the lone wolf whose job is to maintain their own employment rules. The company framed it in terms of replacing people with more needed skills as it tries to regroup under new CEO Arvind Krishna. Anyone have a legitimate reason for doing this? — read more, I did guess it was not possible. Global Markets. "There are layoffs going on now - client execs, digital sales, and hearing tech sales next, as IBM expect the sellers to pickup doing demos and the technical parts with the customers, on the FULL portfolio!! Is this because of Red Hat being weighted as a much heavier contributor now based... — read more, This is about the only kind of list we can make these days. Doing whatever it takes to keep their director role or above. “The bets of the past have not paid off. The UK … On its first-quarter 2020 earnings call, IBM said it could take additional structural actions that could lead to cost savings. — read more, Instead of curing cancer, here's the moonshot they should've promoted for Watson: But the number of layoffs is unspecified as IBM declined to … — read more, https://www.bloomberg.com/news/articles/2020-11-25/ibm-planning-about-10-000-job-cuts-in-europe-ahead-of-unit-sale, https://www.calcalistech.com/ctech/articles/0,7340,L-3875957,00.html, "There are layoffs going on now - client execs, digital sales, and hearing tech sales next, as IBM expect the sellers to pickup doing demos and the technical... both as a market and as an employee base? — read more, Mr. Vignone most recently served as Vice President and Head of Business Development for IBM IBM (NYSE: IBM) is implementing layoffs in at least five states, according to multiple reports. “I’m hearing it’s a balancing act between business units. Thinking about moving to newco. Late on Thursday night, against the backdrop of … '20,000-plus staff' could face the chop in spin-off of IBM's IT outsourcing biz, says Wall Street analyst Paul Kunert Wed 14 Oct 2020 // 10:01 UTC Analysis IBM will push through a major restructure at the IT outsourcing business it's spinning off, with 20,000 or more staffers facing the chop, an analyst estimated. Follow IBM News. https://www.itwire.com/open-source/red-hat-k–ls-off-centos,-users-frustrated-and-angry.html, I guess AK will just have to be happy being a contender. They're heading for the exits. The Layoff List was created in 2019 and is free for the community. high-performance computing system builder partner, said the hiring of Fields reflects the I don't want to hear any cry babies. Give me that and I am gone. IBM Layoffs Company Wide It looks like there are deep cuts across the board at IBM. IBM confirmed reports from overnight that it is conducting layoffs, but wouldn’t provide details related to location, departments or number of employees involved. Some people in New Zealand too heard of sellers in GTS what is remaining of them got a package. It is restricted for use for other purposes. Insert whatever holiday you prefer: All I want for _______ is to be Offered a Voluntary Layoff by IBM. — read more, Looking at the other major cloud providers, it seems that necessity to support their own retail needs is the biggest reason companies like Amazon, and Alibaba are so far ahead of a company like IBM. The company has struggled in recent years, and with the acquisition of Red Hat for $34 billion in 2018, it is hoping to find its way as a more open hybrid cloud option. IBM bet the company on hybrid cloud. IBM is moving as many resources as it can to the cloud. Uber Technologies and Lyft , the two ride-hailing companies, have initiated layoffs, as … — read more, The voluntary offer is at management discretion which is the worst part. B-Roll. Dominic Daninger, vice president of engineering at Burnsville, Minn.-based Nor-Tech, an Nvidia Big Blew at #3!?!? "There are layoffs going on now - client execs, digital sales, and hearing tech sales next, as IBM expect the sellers to pickup doing demos and the technical parts with the customers, on the FULL portfolio!! Instead of IBM continuing to acquire tech... This one is 100 percent on point, I think... 46 were here. Holger Mueller, an analyst at Constellation Research, says that IBM is in a tough spot. IBM isn’t discussing its job actions and that has made the union the primary source of information about layoffs. Maybe I'm missing something. https://finance.yahoo.com/news/prosper-vignone-joins-siris-investment-120000267.html, Microsoft's Creepy New 'Productivity Score' Gamifies Workplace Surveillance ... are criticizing the company for essentially gamifying workplace... Essentially, you lay off some of the people without the skills you need and who can’t be re-educated and you bring in people with certain skill sets. — read more, The Blue Washing destruction has begun. Watching IBM is the successor of the now suspended Alliance@IBM organizing campaign. Mueller adds that the company could also be feeling the impact of having workers at home instead of in the field. importance of the data center market to Nvidia, which... https://www.theregister.com/2020/12/01/ibm_global_tech_services_uk_layoffs/, https://www.independent.co.uk/life-style/gadgets-and-tech/protein-folding-ai-deepmind-google-cancer-covid-b1764008.html, Ultimately, the restructuring of the French group should lead to a 50% reduction in staff! IBM layoffs will impact 10,000 employees across Europe, Bloomberg Radio reported this morning. A tough club to break into for sure. IBM Cloud as IaaS is gone, Watson did not deliver and Blockchain is too slow to keep thousands of consultants occupied,” he said. It’s worth noting that IBM used a similar argument back in 2015 when it reportedly had layoffs. As per subject, 6 months salary, 12 weeks worked notice period and submissions in by 16th Dec. Bloomberg reports that the layoffs are meant to help cut costs in the services unit that the company is expected to spin... We rank America’s largest publicly traded companies according to Peter Drucker’s principles of If one player is doing it, they're all doing it and just haven't gotten yet. – the inmates have taken over the... — read more The company indicated that it would continue to subsidize medical expenses for laid off employees through June 2021, so there is that. More carnage. We used to be the best of, now we keep popping up on more and more worst of rankings. A free inside look at company reviews and salaries posted anonymously by employees. Why the post "The Ghoul is Finally leaving..." etc.. has been cancelled ? Usually it would be a dream come true for me, but at this very moment it seems like an unnecessary risk I should not... Visit our THINK Blog. If you had a chance to leave IBM, what'd be your #1 employer choice? IBM Australia and New Zealand firing right now, UK “Voluntary Separation Programme” for GTS IS, IBM Planning 10,000 Job Cuts in Europe Ahead of Unit Sale, IBM fires dozens of employees in Israel office, Report: IBM lines up 10K job cuts across Europe, Use of this website constitutes acceptance of our. Trump Administration Claims Facebook Improperly Reserved Jobs for H-1B Workers, Plenty of fat in Channels that could be cut they are the most useless of the useless at ibm, All I want for Christmas is to be Offered a Voluntary Layoff by IBM, IBM warns Global Tech Services staff that 346 UK heads will roll in latest redundancy action, AI is a successful tool for medical research, but it’s not Watson, IBM will lay off a quarter of its French workforce, ‘India key to IBM’s pursuit of a $1 trillion hybrid cloud opportunity’, Prosper Vignone Joins Siris as Investment Principal, Microsoft's Creepy New 'Productivity Score' Gamifies Workplace Surveillance. IBM Europe layoffs will impact 10,000 employees, report says, as IBM CEO Arvind Krishna doubles down on hybrid cloud acquisitions. https://shrewsbury.net/ibm-will-lay-off-a-quarter-of-its-french-workforce/, How will the recent ‘corporate split’ unlock additional growth in India, a key geography for IBM To Visit the IBM News YouTube Channel, click here. — read more. IBM said Thursday that it’s laying off a small percentage of employees, confirming reports that appeared earlier in the day on TheLayoff, an online message board. IBM ‘s not-so-secret layoffs may have reached 4,200 Tuesday, according to Alliance@IBM, which believes that thousands of other employees will be loosing their jobs as well before the cuts end. The news comes one day after the company posted record sales. While there is no official number, Bloomberg is reporting that today’s number is in the thousands. International Business Machines Corp. plans to cut about 10,000 jobs in Europe in a bid to cut costs at its slow-growing service unit and prepare the business for a separation. Patrick Moorhead, principal analyst at Moor Insights & Strategy, says he’s hearing the layoffs are hitting across the business. It apparently wants to focus on skills that can help them get there. The far-reaching losses will affect roughly 20% of staff in the region, according to people familiar with the matter. I certainly would !! This media asset is free for editorial broadcast, print, and online use. buttons. Continue exploring IBM. The company framed it … A majority of these employees were in software services roles. Would it be safe to pursue an opening (senior position) for GTS in the US at this point with so many layoffs and IBM splitting? The company framed it … “IBM’s work in a highly competitive marketplace requires flexibility to constantly remix to high-value skills, and our workforce decisions are made in the long-term interests of our business,” an IBM spokesperson told TechCrunch. – the inmates have taken over the... The company … — read more, https://www.crn.com/news/channel-programs/ibm-plans-massive-european-layoffs-ahead-of-newco-spin-off-report. They are asked to hire 100 people with a mandate to... . . Bloomberg TV reported that 10,000 heads to go in europe about 20% of work force ... said people close to matter is there source. RESEARCH TRIANGLE PARK – IBM, under new chief executive Arvind Krishna, is making major cuts to its workforce. In June of last year, IBM executed a … A … Been with IBM for a long time we all know there will be a big reorg announcement in Jan. What’s your guess? https://www.ibm.com/employment/ciceurope/nl-en/pages/showcase, https://www.facebook.com/alliancemember/posts/1867768776694431. IBM confirmed reports from overnight that it is conducting layoffs, but wouldn't provide details related to location, departments or number of employees involved. IBM was probably due for a workforce reduction, regardless of the current macro situation, as Krishna tries to right the financial ship. Messages relating to layoffs at IBM are presented below the company info. Computer giant IBM, which has a large presence in Research Triangle Park, is laying off an unspecified number of employees, the company said … The Op ? Daily Job Cuts / Layoffs - Your source for daily economy updates on recent Job Layoffs 2020 / 2019 , Job Losses, Layoff News, Store Closings 2020, Bankruptcy, Business and Economic News In March, CEO Marc Benioff pledged a 90-day freeze on layoffs. Decent severance packages... 3 months pay and healthcare and other bonuses to help with COVID. Arvind Krishna, CEO, IBM The layoffs come as enterprise hardware giants struggle to maintain sales amid the coronavirus … Why would any company go to IBM for support for their cloud environments on AWS, Azure, Google Cloud, etc...? IBM announced the job cuts in Europe earlier in November during a meeting with European labor representatives, according to a union officer briefed on … Pros and cons - go guys! — read more. View IBM's Leadership bios. — read more, 2020 Company Rankings * Drucker Institute. Who would walk for a 6 months severance package??? Do you think the next rounds of RAs will be based on... Who can do it ? Red Hat k--ls off CentOS; users frustrated, angry and annoyed. So not a net reduction in headcount,” Moorhead said. 60,202 IBM reviews. — read more. 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