Claims That IBM Will Lay Off 20% (or 15%) of Its Workforce This Year Unless It Finds a Way to Push Them All Out by Threats, Shame, Guilt
Last month: Claim That IBM Marked 15% of its Workforce for Potential Layoffs
Yesterday we wrote about PIPs at the EPO.
PIPs are notorious at IBM (there's no way to satisfy the "plan") - to the point where managers got dubbed/labeled "PIPmunks". They basically try to either engineer people's exit or formally dismiss people, blaming it on these people (and likely not paying compensation). Being in a "PIP" implicitly means - or hints - "better start looking for another job..."
IBM is a rotting, dying company. It's currently being plundered, not developed.
This was brought up some hours ago:
To quote that whole comment, as it relates to what IBM did to Red Hat:
"Hybrid Cloud" is a term they almost invented and they certainly exploited the term to say "hey, look at us." But they are not really a cloud player. Do they even still use the Cloudpak name? Even when they did, it was just repackaged existing slop. Without a doubt, Red Hat is making a difference. But it cannot save Power or Z. Virtually all Z customers are actively finding ways to move work off the platform. This hyping of "hybrid cloud" is pretending that IBM is somehow still making money when work moves to other platforms. IBM consulting might make a few dollars helping customers make this transition. But that is a short term play. The recurring and rich revenue from Z hardware and software is (possibly slowly) being deflated. No customer is going to replace the Z hand cuffs with some other IBM hand cuffs. That would be true even if IBM was particularly competent on other hardware and software platforms. But (Red Hat possibly excepted) they are not.My claim is that IBM is a bit player and a hanger-on in the (hybrid) cloud space. And that's a gold mine for them compared to AI. How big is Bob every going to get? Why would I go to IBM for my "vibe coding" solution? Why would any Z customer want to go off platform for yet another IBM "solution?" In the years since they have been hyping WCA, how may COBOL programs have been converted to Java and put into production? Are there any real WCA home runs out there? If IBM is so competent in AI, why are AskIT and AskHR (and probably others) so miserably awful? Again, they might have some short term consulting opportunities. But explain where the recurring revenue stream is going to come from.
He has strengthened cash flow. But not through either the use of AI or by selling AI products and solutions. He did that by massive layoffs in high wage countries and a relentless push to move job roles to low wage countries. We are still only in the middle of this transition. It's not clear that this will lead to massive customer success stories and an ongoing rise in cash flow. Also, IBM (and you) brush past the more than 10% increase in debt. Maybe some future rate cuts will help a bit here. (A rate cut might also help share prices -- double win for you.)
What ever happened to "AI" (chatbots) from IBM... in say, McDonalds? [1, 2]
Any comment, IBM, on that particular failure?
4 hours ago there was this active new thread about the scale of impending layoffs; many of these comments will be deleted soon, maybe the entire page (because of the perception of racism against the CEO), so here's a visual snapshot of it, highlighting the less controversial or rude comments:
This hopefully gives people general idea of how IBM staff feels.
IBM's layoffs almost never make it to "the news" because IBM knows how to skirt the WARN Act and implement silent/forever layoffs while muzzling those impacted (with NDAs). It moreover bribes the media to only publish puff pieces about IBM and promote IBM in "AI".
Is the article "How IBM became an AI darling" another new example of sponsored spam?
One of many ads disguised as 'articles' about IBM.
As one person put it: "Another piece of garbage. Not worth reading or debunking ...."
Where are the articles about IBM layoffs? Nowhere to be found. █