IBM's "Legacy Employees" (Experienced Workers, IBM Management Dubs Them 'Dinobabies')
Two weeks ago: IBM 'Dinobabies' Speak Out
Today: (2 hours ago by Jen Colletta)
IBM executives have considerable and fast-growing pains, compensation aside. IBM is becoming synonymous with mischief or worse (like cheating or fraud). IBM has reputation and fiscal crises. It's trying to hide them. These days IBM tries to hide its mass layoffs. This can backfire because of IBM insiders know that a lot of layoffs are happening and if nobody in the media mentions these, then suspicion of the employer grows, loyalty sinks, and trust in the media likewise. People begin to trust colleagues, not bosses, and unverified gossip, not the official company's Web site.
Hours ago somebody wrote: "There will be layoffs as IBM has plenty of plans to keep buying innovation via acquiring SW companies As such legacy employees and most likely consulting will get hit. There is also speculation that IBM wants to just focus on the Fortune 500, and as such everything else will move to the channel and be partnered out. NET NET IBM NA and IBM Europe will definitely continue to shed legacy employees" (the CFO admitted this).
This notion of "legacy employees" seems like something overlapping with "expensive" (well paid) staff, even if not entirely equivalent. It's not about legacy (old) products, the notion of "legacy employees" refers to seniority or time at IBM (with pay grade increments, pay increases and so on).
IBM does not like to hire and promote where people are paid more. It's not about knowledge, it's about cooking the book and cheapening IBM's expenditures (as revenue cannot grow except by buying other companies' revenue, then squeezing their inherited-through-acquisition customers). █