IBM Buys, Then Disposes/Sacks, the Staff (That It Paid For)
One year ago (AST):
2 hours ago: (Stephenville, Texas)
We recently showed many HashiCorp staff leaving following the IBM takeover and they sounded like IBM had pushed them out (RAs and/or PIPs). We see the same in Red Hat every week, including last week. What about AST? And so many other companies bought by IBM, which lacks a direction and still milks old (but dying) contracts? Any money gained is spent buying some more companies to add/join up their revenue, even if the debt surges and there's little integration going on (misfits absorbed).
As explained this morning, IBM's CEO makes no sense; while adding many workers by buying loads of companies (instead of paying back the debt) the overall headcount goes down rapidly. IBM is a dying company running out of options. Earlier today someone in thelayoff.com said: "just quit. company is dogsh1t" (IBM)
Someone responded: "Does reading this website count towards learning skills to deal with inevitable layoffs?" █