(ℹ) Join us now at the IRC channel | ䷉ Find the plain text version at this address (HTTP) or in Gemini (how to use Gemini) with a full GemText version.
| schestowitz[TR2] | https://www.thelayoff.com/t/1uCSZSqM | Sep 23 02:55 |
|---|---|---|
| -TechBytesBot/#techbytes- ( status 403 @ https://www.thelayoff.com/t/1uCSZSqM ) | Sep 23 02:55 | |
| schestowitz[TR2] | " | Sep 23 02:55 |
| schestowitz[TR2] | @uwg the Indians knows that IBM pays about 1/3 of US based employees salaries, the Indian employee works less than 1/3 the US employee effort, so effectively, IBM hires mores than 3 Indians for every position offshored. | Sep 23 02:55 |
| schestowitz[TR2] | 3 hours ago by Anonymous | Sep 23 02:55 |
| schestowitz[TR2] | | 4 reactions (+4/-0) | Sep 23 02:55 |
| schestowitz[TR2] | Post ID: @1eyv+1uCSZSqM | Sep 23 02:55 |
| schestowitz[TR2] | +6 | Sep 23 02:55 |
| schestowitz[TR2] | The math is very easy: when an employee in India costs a third or less than an American employee, the offshoring will happen. | Sep 23 02:55 |
| schestowitz[TR2] | After all this is the investors money. | Sep 23 02:55 |
| schestowitz[TR2] | For many years companies have talked about talent: this is a piped dream; anyone is expendable | Sep 23 02:55 |
| schestowitz[TR2] | 4 hours ago by Anonymous | Sep 23 02:55 |
| schestowitz[TR2] | | 10 reactions (+8/-2) | Sep 23 02:55 |
| schestowitz[TR2] | Post ID: @1uwg+1uCSZSqM | Sep 23 02:55 |
| schestowitz[TR2] | +5 | Sep 23 02:55 |
| schestowitz[TR2] | We can all thank Milton Friedman and his revolutionary proclamation that the purpose of business is to increase shareholder value. | Sep 23 02:55 |
| schestowitz[TR2] | Every business school has taught this in its MBA programs (disclosure: me too) ever since. And the effect has been management toward this goal ever since. | Sep 23 02:55 |
| schestowitz[TR2] | Throw in executive compensation via stock options to “align” executives’ interests with the shareholders and you get the situation many public businesses are in now. Think IBM, GE, and Boeing for starters. | Sep 23 02:55 |
| schestowitz[TR2] | Why were jobs sent offshore? Because that consulting firm said it would reduce costs, boost profits and “juice” the stock price. | Sep 23 02:55 |
| schestowitz[TR2] | Who sc--wed American businesses? The suits in the C-suite. And since they got theirs, they don’t care. | Sep 23 02:55 |
| schestowitz[TR2] | 5 hours ago by Anonymous | Sep 23 02:55 |
| schestowitz[TR2] | | 7 reactions (+6/-1) | Sep 23 02:55 |
| schestowitz[TR2] | Post ID: @1ytf+1uCSZSqM | Sep 23 02:55 |
| schestowitz[TR2] | +5 | Sep 23 02:55 |
| schestowitz[TR2] | This is exactly what I see happening as well. It’s an executive / stockholder money grab. Keeping stock price afloat by cutting costs , and with media spin that it is doing great in the market. | Sep 23 02:55 |
| schestowitz[TR2] | Seems There is no real concern with product quality, Or keeping customers happy. | Sep 23 02:55 |
| schestowitz[TR2] | I can’t think of any acquired software product over the last 15 years that hasn’t followed the path of: profit squeeze by cutting costs to the bone until lack of investment causes profits to fall. Then sell off or divest . This pattern has repeated over and over. | Sep 23 02:55 |
| schestowitz[TR2] | 6 hours ago by Anonymous | Sep 23 02:55 |
| schestowitz[TR2] | | 5 reactions (+5/-0) | Sep 23 02:55 |
| schestowitz[TR2] | Post ID: @1zvi+1uCSZSqM | Sep 23 02:55 |
| schestowitz[TR2] | +9 | Sep 23 02:55 |
| schestowitz[TR2] | It is always about money and stock performance - ask your pals at the amazon's and Nvidia's of the world. You as an employee have to look out for yourself and the company has to look out for itself - it is each man on his own - you can either sit and complain and cry about it for 10 years or get on with the program and make money where and when you can - it's not complicated! | Sep 23 02:55 |
| schestowitz[TR2] | 7 hours ago by Anonymous | Sep 23 02:55 |
| schestowitz[TR2] | | 9 reactions (+9/-0) | Sep 23 02:55 |
| schestowitz[TR2] | Post ID: @1gkv+1uCSZSqM | Sep 23 02:55 |
| schestowitz[TR2] | +9 | Sep 23 02:55 |
| schestowitz[TR2] | If AK doesn’t move more high paying jobs to India, IBM will go bankrupt; this is why the board has selected AK for. | Sep 23 02:55 |
| schestowitz[TR2] | This has nothing to do with ethics, but money and stock performance as a publicly traded company. " | Sep 23 02:55 |
| *x-amarsh04 has quit (Quit: Konversation terminated!) | Sep 23 03:04 | |
| *x-amarsh04 (~amarsh04@hkzkvpsjrrw3q.irc) has joined #techbytes | Sep 23 03:26 | |
| schestowitz[TR2] | https://forums.theregister.com/forum/all/2024/09/18/ibm_job_cuts/ | Sep 23 04:06 |
| -TechBytesBot/#techbytes-forums.theregister.com | IBM quietly axing thousands of jobs, source says • The Register Forums | Sep 23 04:06 | |
| schestowitz[TR2] | "" | Sep 23 04:06 |
| schestowitz[TR2] | So I worked there for 15 years (last year was 2019), was brought in as a Lead Consultant to spearhead a small division, grew to 30 consultants worldwide. | Sep 23 04:06 |
| schestowitz[TR2] | The type of work we did (wont detail) was unique in the industry and when you needed us, you really needed us...extremely large companies/govt agencies with mission critical work loads. | Sep 23 04:06 |
| schestowitz[TR2] | Got RA'ed in 2019...my boss didnt even know, wasn't consulted but once you are marked for death, that's it. | Sep 23 04:06 |
| schestowitz[TR2] | The sole criteria for my redundancy (actioned by some faceless bean counter) was that I was old (59) and was paid a good wack. Termination time. Reason for termination confirmed via a finance insider I knew. | Sep 23 04:06 |
| schestowitz[TR2] | Belonging to a disbursed world wide group meant the money trail/income recognition for our work was opaque but if the faceless bean counter had done his job, he might have noticed, for example, that for the last two month project I did, I was billed out at $US 1 million and the customer (a top 3 multi-national insurance company) was only too happy to pay that to get them out of a big hole. | Sep 23 04:06 |
| schestowitz[TR2] | So it wasnt as if I didnt have skills, was useless or not bringing in the dollars. | Sep 23 04:06 |
| schestowitz[TR2] | Fast forward 1 year and all the rest of my group had left of their own volition. If I could be let go then they easily could be so better to leave on their own terms. | Sep 23 04:06 |
| schestowitz[TR2] | IBM closed the division down and doesn't offer that service any more (cause the skills needed didn't exist in India), noting that the work we did was equally as applicable to onperm and cloud... so not a declining legacy service issue. | Sep 23 04:06 |
| schestowitz[TR2] | Summary: Due to a spread sheet jockey using a simple formula of age and salary, IBM lost a unique consulting group that was extremely profitable. | Sep 23 04:06 |
| schestowitz[TR2] | Bluck | Sep 23 04:06 |
| schestowitz[TR2] | " | Sep 23 04:06 |
| *agentcas3y has quit (Ping timeout: 2m30s) | Sep 23 06:32 | |
| *agentcas3y (~agentcasey@b6dc92btrdtrn.irc) has joined #techbytes | Sep 23 06:33 | |
| *parsifal (~parsifal@6thegygyadsu4.irc) has joined #techbytes | Sep 23 08:04 | |
| *parsifal has quit (Quit: Leaving) | Sep 23 08:05 | |
| schestowitz[TR2] | <li> | Sep 23 12:19 |
| schestowitz[TR2] | <h5><a href="https://pointieststick.com/2024/09/20/this-week-in-plasma-polishing-like-mad/">This week in Plasma: polishing like mad</a></h5> | Sep 23 12:19 |
| schestowitz[TR2] | <blockquote> | Sep 23 12:19 |
| schestowitz[TR2] | <p>The core Plasma team has entered full-on bug-fixing mode until Plasma 6.2.1, and what a week of bug-fixes it was! We’re nailing regressions reported in the beta release as they appear, as well as older bugs we didn’t manage to get to yet. I’m incredibly impressed with the team and their tremendous work this week! </p> | Sep 23 12:19 |
| schestowitz[TR2] | <p> In addition, a few features and UI changes postponed from Plasma 6.2 have started to land in 6.3. </p> | Sep 23 12:19 |
| schestowitz[TR2] | </blockquote> | Sep 23 12:19 |
| schestowitz[TR2] | </li> | Sep 23 12:19 |
| -TechBytesBot/#techbytes-pointieststick.com | This week in Plasma: polishing like mad – Adventures in Linux and KDE | Sep 23 12:19 | |
| *x-amarsh04 has quit (Ping timeout: 2m30s) | Sep 23 18:27 | |
| *psydruid (~psydruid@jevhxkzmtrbww.irc) has left #techbytes | Sep 23 18:31 | |
| *x-amarsh04 (~amarsh04@7qmd5pw8km9b4.irc) has joined #techbytes | Sep 23 18:47 | |
| schestowitz[TR2] | https://www.thelayoff.com/t/1uBczHiR | Sep 23 18:48 |
| -TechBytesBot/#techbytes- ( status 403 @ https://www.thelayoff.com/t/1uBczHiR ) | Sep 23 18:48 | |
| schestowitz[TR2] | " | Sep 23 18:48 |
| schestowitz[TR2] | AK said: “ No more expensive dinosaurs at IBM” | Sep 23 18:48 |
| schestowitz[TR2] | 4 hours ago by Anonymous | Sep 23 18:48 |
| schestowitz[TR2] | | 1 reaction (+1/-0) | Sep 23 18:48 |
| schestowitz[TR2] | Post ID: @3mjl+1uBczHiR | Sep 23 18:48 |
| schestowitz[TR2] | 0 | Sep 23 18:48 |
| schestowitz[TR2] | Whenever a war is being lost, one sees a lot of things on the battlefield that make absolutely no sense. Good men getting ki-led for no obvious tactical or strategic benefit, accidents happening to people "who should never have been there", wins or losses occurring not by victory or defeat but rather by chance. Many of the greatest works of literature in human history were written by people who went through war and lived to tell ab | Sep 23 18:48 |
| schestowitz[TR2] | out it. | Sep 23 18:48 |
| schestowitz[TR2] | The next time you see your friends getting canned, or maybe yourself getting canned, you would do well to remember this truism in life. Not everything is going to make sense. By all accounts, the IBM management ranks consist of tens of thousands of managers. They are all executing strategies that amount to little more than "cut x% of your staff". It is the kind of strategy you use when resources are running thin and hard decisions | Sep 23 18:48 |
| schestowitz[TR2] | have to be made. Cut some heads now (including maybe your own), or the entire department will be shuttered. | Sep 23 18:48 |
| schestowitz[TR2] | Sometimes, the heads are cut and the entire department is shuttered anyway. A lot of good jobs went overseas following that plan. Top achievers, people who brought in lots of money, were loved by customers, you all know them. It didn't matter. What mattered was that the generals of the company needed to save some cash and so they let go of some staff. Simple as that. | Sep 23 18:48 |
| schestowitz[TR2] | It's not exactly a forward-thinking or innovative strategy. | Sep 23 18:48 |
| schestowitz[TR2] | " | Sep 23 18:48 |
| schestowitz[TR2] | https://www.thelayoff.com/t/1uCSZSqM | Sep 23 18:49 |
| -TechBytesBot/#techbytes- ( status 403 @ https://www.thelayoff.com/t/1uCSZSqM ) | Sep 23 18:49 | |
| schestowitz[TR2] | " | Sep 23 18:49 |
| schestowitz[TR2] | USA corporations like IBM contribute to Indian jobs growth in a very significant manner. | Sep 23 18:49 |
| schestowitz[TR2] | 4 hours ago by Anonymous | Sep 23 18:49 |
| schestowitz[TR2] | | 5 reactions (+4/-1) | Sep 23 18:49 |
| schestowitz[TR2] | Post ID: @2ekx+1uCSZSqM | Sep 23 18:49 |
| schestowitz[TR2] | +2 | Sep 23 18:49 |
| schestowitz[TR2] | AK said: “ Every employee making over $100K should to be asking themselves this question: can my job be done somewhere else? That will determine their fate.. “ | Sep 23 18:49 |
| schestowitz[TR2] | " | Sep 23 18:49 |
| schestowitz[TR2] | https://www.thelayoff.com/t/1uBon1uZ | Sep 23 18:53 |
| -TechBytesBot/#techbytes- ( status 403 @ https://www.thelayoff.com/t/1uBon1uZ ) | Sep 23 18:53 | |
| schestowitz[TR2] | " | Sep 23 18:53 |
| schestowitz[TR2] | The real question is what does the USA head count look like by end of 2024? The answer will be found in the 5500 form filed by IBM mid next year. I predict the number will be in the 38-42k range. This is where IBM sees itself as being right sized for the USA | Sep 23 18:53 |
| schestowitz[TR2] | 160 x .08 = 13k in consulting/CIO/O and F | Sep 23 18:53 |
| schestowitz[TR2] | 40 x .2 = 8k in SW (note a good portion of these are IBM purchases of innovation) | Sep 23 18:53 |
| schestowitz[TR2] | 10k in IBM plants and labs (fix asset) | Sep 23 18:53 |
| schestowitz[TR2] | 8k in TSS, Hybrid cloud, lab services | Sep 23 18:53 |
| schestowitz[TR2] | This assumes IBM doesn’t partner off all things SMB (power, storage, non-hybrid cloud, channel, TSS) | Sep 23 18:53 |
| schestowitz[TR2] | " | Sep 23 18:53 |
| schestowitz[TR2] | https://www.thelayoff.com/t/1uEkVPbf | Sep 23 18:53 |
| -TechBytesBot/#techbytes- ( status 403 @ https://www.thelayoff.com/t/1uEkVPbf ) | Sep 23 18:53 | |
| schestowitz[TR2] | " You have a choice, a choice to leave. The Amazon announcement has amped-up the talent seeking a change. " | Sep 23 18:53 |
| schestowitz[TR2] | " | Sep 23 18:54 |
| schestowitz[TR2] | I've been telling you and you haven't been listening: get your sorry butts back into the office, pronto! -- AK | Sep 23 18:54 |
| schestowitz[TR2] | https://www.businessinsider.com/employee-return-to-office-mandates-no-legal-recourse-employer-2024-9 | Sep 23 18:54 |
| schestowitz[TR2] | It's 2021, one year after the COVID-19 pandemic transformed the workplace. Your boss says the company does not plan to require employees to return to the office. You give up your $3,000-a-month apartment in the city to buy a house hundreds of miles away. | Sep 23 18:54 |
| schestowitz[TR2] | Fast-forward three years, and now the company requires you to either come into the office five days a week or leave. | Sep 23 18:54 |
| schestowitz[TR2] | This is a reality that remote workers around the US are either facing or bracing for — some of them wondering whether they can successfully fight these mandates in the courts. | Sep 23 18:54 |
| schestowitz[TR2] | The answer, according to employment lawyers, is — not really. | Sep 23 18:54 |
| schestowitz[TR2] | "Unless there's a protected reason under established law" such as a medical circumstance, "then you have no recourse," Ron Zambrano, the employment-litigation chair at the California law firm West Coast Trial Lawyers, told Business Insider. | Sep 23 18:54 |
| schestowitz[TR2] | When Amazon announced its plans last week to end remote work and require corporate employees to be in the office five days a week, some staffers swiftly criticized the megacorporation's decision in an internal Slack channel. | Sep 23 18:54 |
| schestowitz[TR2] | The move by the Seattle-based tech giant came after other major companies, including Walmart, recently hardened return-to-office rules. And the latest push by companies to get workers back at their desks could trigger an even broader RTO trend. | Sep 23 18:54 |
| schestowitz[TR2] | Some workers have filed lawsuits against their companies or charges with the National Labor Relations Board over return-to-office mandates. | Sep 23 18:54 |
| schestowitz[TR2] | But remote employees who simply argue that returning to the office is an inconvenience to their lifestyle have "zero chance" to fight an RTO mandate with legal action, Zambrano said. | Sep 23 18:54 |
| schestowitz[TR2] | The vast majority of employees across the US are considered "at will," meaning an employer can terminate them at any time as long as the reason for the dismissal is not illegal. At-will employment also means that an employee can quit at any time. | Sep 23 18:54 |
| schestowitz[TR2] | " | Sep 23 18:54 |
| -TechBytesBot/#techbytes-www.businessinsider.com | Workers Angry About RTO Orders Basically Have No Legal Way to Fight It - Business Insider | Sep 23 18:54 | |
| *x-amarsh04 has quit (Ping timeout: 2m30s) | Sep 23 18:55 | |
| *psydruid (~psydruid@jevhxkzmtrbww.irc) has joined #techbytes | Sep 23 19:20 | |
| *psydruid (~psydruid@jevhxkzmtrbww.irc) has left #techbytes | Sep 23 19:27 | |
| *psydruid (~psydruid@jevhxkzmtrbww.irc) has joined #techbytes | Sep 23 19:40 | |
| *psydruid (~psydruid@jevhxkzmtrbww.irc) has left #techbytes | Sep 23 19:49 | |
| *psydruid (~psydruid@jevhxkzmtrbww.irc) has joined #techbytes | Sep 23 19:52 | |
| *psydruid (~psydruid@jevhxkzmtrbww.irc) has left #techbytes | Sep 23 20:31 | |
| *psydruid (~psydruid@jevhxkzmtrbww.irc) has joined #techbytes | Sep 23 20:35 | |
| *agentcas3y has quit (Ping timeout: 2m30s) | Sep 23 22:04 | |
| schestowitz[TR2] | > Hi Rianne, | Sep 23 23:49 |
| schestowitz[TR2] | > | Sep 23 23:49 |
| schestowitz[TR2] | > I like that you're serialising this. It's a fresh idea for | Sep 23 23:49 |
| schestowitz[TR2] | > me because I write single essays. Maybe it can give more space | Sep 23 23:49 |
| schestowitz[TR2] | > for a conversation if you do it slow and let other voices | Sep 23 23:49 |
| schestowitz[TR2] | > come back from irc and etc? | Sep 23 23:49 |
| schestowitz[TR2] | > | Sep 23 23:49 |
| schestowitz[TR2] | > If you please always take the _freshest_ version at | Sep 23 23:49 |
| schestowitz[TR2] | > digitalselfdefence. That way if I can repond in later sections as | Sep 23 23:49 |
| schestowitz[TR2] | > peoples' ideas feed back. There will surely be more folks to add to | Sep 23 23:49 |
| schestowitz[TR2] | > the acknowledgements. | Sep 23 23:49 |
| schestowitz[TR2] | > | Sep 23 23:49 |
| schestowitz[TR2] | > Really looking forward to see your visual ideas. WHat have you picked | Sep 23 23:49 |
| schestowitz[TR2] | > for "introduction"? Thanks for working on this with me. | Sep 23 23:49 |
| schestowitz[TR2] | > | Sep 23 23:49 |
| schestowitz[TR2] | > best | Sep 23 23:49 |
Generated by irclog2html.py 2.6 | ䷉ find the plain text version at this address (HTTP) or in Gemini (how to use Gemini) with a full GemText version.