IBM Downgraded as the Shares Sink to New Lows
"There must be stealthy layoffs going on... just look at LinkedIn and notice a very high number of IBMers 'closing their chapter at IBM'!! This appears to be ongoing." -5 hours ago by anonymous
Also 5 hours ago:
This past day we can see about half a dozen more people announcing in Microsoft's LinkedIn that they leave IBM, some of them after 20 or 30 years at the company. There are so many that we've not even taken screenshots. Those are the crosscut of them all that not only announce it but choose that one particular platform and particular wordings. IBM crashes hard.
Also see: "Last Day" at IBM and Red Hat as "Stealth Layoffs" (They Force People to Pretend It's Wilful) | The New Layoffs: 'Silent Layoffs', 'Secret Layoffs', 'Quiet Layoffs', 'Passive Layoffs' 'Stealth Layoffs', and Unannounced Layoffs Disguised as Return-to-Office (RTO Mandates)
An hour ago:
Sometimes when stocks sink people will say it's time to buy. Sometimes their surname isn't Cramer (paid-for IBM cheerleader). But this week IBM is deemed even less attractive and banks divest. "IBM plummets 27% in 6 months" is how Zacks.com put it.
They show this graph:
IBM's CEO and CFO cannot resort to an excuse like, "all the market is down" (even in similar sectors).
Cooking the books is like doping, plus it is illegal.
The current strategy of IBM is financial engineering, wage reductions, and mass layoffs that the corporate media refuses to even write about. It ignores what happened to the white elephants.
