Why do you assume older workers are no longer valuable? IBM layoffs will impact employees in at least five states — California, Missouri, New York, North Carolina and Pennsylvania — according to Bloomberg. Based on a review of IBM internal communications on the Slack corporate messaging service, the number of affected employees is likely to be in the thousands, said a North Carolina-based worker who lost his job along with his entire team of 12. I don't see dental mentioned in the Employee Information Package. I always did my best by buy the company. IBM Layoffs in Progress (May 2020) IBM Security, received a 1:1 meeting request today from my manager for tomorrow (Thursday). It's just IBM not knowing what to do with their business and cutting at least one or two per team (some teams axed in entirety) like that's going to solve any of their problems. Facebook Twitter Linkedin EMail. No more daily threats based on quotas, frustrations concerning lack of competitive pay increases, nor double talk about our successful growth for shareholders while dumping poor performance messages on staff to justify withholding incentives, while senior executive staff continue to take down tens of millions of dollars annually. Sure they have so brainwashed themselves for the last six years to feel insulated from guilt at night. I saw way too many intelligent, talented, hard working people go out the door and made to feel worthless, from no fault of their own. In an earnings call in January, IBM discussed reducing costs through “aggressive structural actions” to improve the competitiveness of its Global Technology Services consulting unit, which represents about a third of revenue. Their failure to put the senior level employees in front of sales opportunities coupled with poor sales and offshore to India sealed our fate. IBM contractor for STG here. Does anyone know if the apprenticeship program was affected? In 2007, we were just at the beginning of the recession and no one was hiring. If you received your walking papers and are in California, will you please share at the link below whether you received 30/90 or 60/90 (days of notice/severance) ? Got whacked. I am in the class of 2007 with 24 years, 10 months at age 54 years 8 months old. Not looking forward to seeing who's been let go. They eliminated our department of PDMs and those of us that were close to 55 were blacklisted from getting a job in another department. In addition, IBM offers outsourcing, infrastructure, hosting and … To me, I have only heard of first line managers & below. I am not "middle management" & the other people on my team that were RA'ed were not "middle management" either. Yes, it can. That will never ever change and is common across large OLDer companies. For those millennials that talk about those “geysers” that have been at IBM for 25 years and say we should be able to Retire by now or running the company if we are any good- WE have been supporting you and paying for your educations ! They will continue to 'lead' IBM right into the grave. 37 years with IBM. It's not a senior care facility and it's not just old employees affected. Employees affected in sales, sales support, project management, business development, offering development, service planning, service delivery support. Senior care facility aye? Any indication as to whether laid off US employees will get an extension of their health insurance? The reason I'm asking no one called me so far. Another step toward being an IPP sweat shop... IBM now stands for India Business Machines. Please see this article for details: https://www.nytimes.com/2002/01/13/business/personal-business-when-pension-and-unemployment-checks-don-t-mix.html. So while other employees have the chance to find a new role, I don’t... Catch 22. 23 years 9 months. Those newly minted Red Hat millionaires better get their a–'s in gear and start repaying on that investment real soon, or they'll be seeing the tread of the RA boot, too. Think about the hand that fed and educated you before you open your mouth. I do the work of the last 4 people RA'd from my dept, and I sympathize with whoever gets it from me. It’s unclear how many of IBM’s cuts are caused by the pandemic. The company employs about 350,000 people (as of 2018, IBM Annual Report) globally. IBM corp management only cares about stockholder and top management payout. International Business Machines Corp. cut an unspecified number of jobs across the U.S., eliminating employees in at least five states. My entire team, incl manager, work transferred to India. “Recognizing the unique and difficult situation this business decision may create for some of our employees, IBM is offering subsidized medical coverage to all affected U.S. employees through June 2021.”. Get on with the program Boomers. Does the contract job offer mean you do not receive the 90 day severance lump sum? While we always consider the current environment, IBM’s workforce decisions are in the interest of the long-term health of our business,” company spokesman Ed Barbini said Thursday in a statement. If you have spent 25+ yrs at a company and still have not become an executive or saved $, paid off the mortgages, sent ur kids to college - then shame on u. I see so many 60+ yr old's complaining about being laid off - do u expect IBM to pay you till u are 80 or 90? Sad that employees being the most important asset became lip service. On the one hand IBM says in each client presentation that resources and skills are the #1 problem in Security, and on the other hand they lay off Security specialists... Got two months package but I have referred to a labor lawyer. No dental going forward like the medical benefit? Great decision. “This was far ranging -- and historical employment ratings, age and seniority did not seem to matter,” he said. Before it's here, it's on the Bloomberg Terminal. New leader just inherit the problem , overheads and "obligations". I am fortunate enough to have the old IBM pension and am celebrating one year of getting my guaranteed monthly disbursement for life. Not to mention they are going with partners for post sales to increase margins and get out of consulting space entirely. Is layoffs still going on in the US or it's completed on May 22nd? Is IBM in violation in this round ?". Updates with HPE cuts in seventh paragraph. Can't retire. Really looking forward to searching for a job at 62 during a global pandemic. The tech industry has suffered widespread job losses after the coronavirus pandemic triggered a severe recession. The company framed it … For some of you with 25+ years, you should be a part of that plan also, if you took that option when it was offered. the Labor Department's Pension and Welfare Benefits Administration (www.dol.gov/dol/pwba): ''Receiving a lump sum or other distribution from your pension plan may affect your ability to receive unemployment compensation.
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