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2016 Annual meeting of stockholders

ret99_99
 

IBM's 2016 Annual Meeting of Stockholders will be held on Tuesday, April 26, 2016 at 10 a.m. in the Savannah International Trade & Convention Center, One International Drive, Hutchinson Island, Savannah, Georgia.

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IBM 's restructuring continues, with reduced severance for laid off employees

ret99_99
 

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IBM handed out another batch of pink slips to workers on Wednesday, in a round of layoffs that some employees described as "massive."


The exact size of the layoffs could not be determined, but the job cuts are part of ongoing changes to the tech company's workforce.


IBM won't comment on or disclose?how many people it cuts except to confirm that it is continuously shedding some workers while hiring others, and to report the financial impact, both in costs and savings.

Last year, IBM hired and fired in almost equal numbers. It added 70,000 people, CEO Ginni Rometty said (including? who had launched a social media campaign.")


But, according to research done by Business Insider, it chopped slightly more , through a combination of attrition, layoffs, retirement, people leaving for other jobs and business units it divested.


IBM ended 2015 with a worldwide headcount of?377,757, it reported. So that's a workforce churn of 18%.

One month severance

But the big difference with this layoff is that IBM has severely cut severance pay to one month total, no matter how many years of service the employee worked, several workers have confirmed?to a Facebook page called ?The page is maintained by Lee Conrad, the man who ran a former IBM employee watchdog organization called Alliance at IBM. He retired the Alliance organization last year, but through Facebook he's still posting?information from workers about layoffs and other working conditions at IBM.


Employees learned of the severance cut in?January, 2016, when IBM sent out an employee document called ?"About Your Benefits - Separation" which Conrad shared with Business Insider.?

In the document IBM explained that its "Individual Separation Allowance Plan (ISAP) ...?is to provide transitional assistance?to regular employees ...?when their?employment with IBM has been terminated." That includes if they are fired for performance issues?or when their "position" is "eliminated" (aka a layoff).


The document?flat-out told them that "The separation allowance payment available under the Individual Separation Allowance Plan, regardless of the?circumstance under which ISAP is offered, is one month of pay."


In previous layoffs, IBM employees could expect a severance package that paid them based on how many years they worked. According to Conrad, that pay used to be up to 23 weeks.?

Other jobs?

Here's a part of one post from an IBM worker who reported being ?This person worked for IBM's division, a consulting unit with revenues that have been shrinking for years and which was down nearly 10% in fiscal 2015.


GTS has been heavy hit with these ongoing layoffs, as IBM looks to shed expenses from its shrinking businesses.


I am a GTS Strategic Outsourcing casualty of the mass firing today. My manager told me it was big and widespread, and I'd be hearing from a lot of people that will also be notified today. My official end date is May 31, 2016 (90 days) and the severance package is 1 month. I was encouraged to look for jobs inside IBM and was told that they are "plentiful" and "open". Even if I were to believe that, I'm not sure why I would stay, looking over my shoulder every month or so waiting for the IBM axe wielders to come for me again.


An IBM official confirms that it is continuing to cut jobs in some departments while offering bountiful help-wanted listings on others.


A spokesperson sent us this statement:

"IBM is aggressively transforming its business to lead in a new era of cognitive and cloud computing. This includes remixing skills to meet client requirements. To this end, IBM hired more than 70,000 professionals in 2015, many in these key skills areas, and currently has more than 25,000 open positions."




Re: Good reminder

press_two_for_english
 

Look for ignatz713, over six years ago at:



it's been going on for many years....

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---In ibmpensionissues@..., <robertisselhard@...> wrote :

Just wondering why a few people seem to harbor so much resentment against the company?? I worked for IBM for 20 years before the first of the involuntary separations occurred in 1985.? I was in the first wave, a good friend of mine in the second.? IBM treated me fairly and compensated me to depart.? I and 10,000 others were simply excess.? The OPD was essentially null and void after the PC came out.? I harbor no resentment toward the company.? I took my skills and found other employment.? Eventually landed a good-paying job with GE Medical Systems and retired from them 15 years later.? With the two retirements from IBM and GE, and SS for me and my wife, I am doing fine.?

No one ever promised any of us a cradle to grave ride.? I didn't expect to be laid off but it wasn't the end of the world either.? Get on with life.?


Re: Good reminder

 

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I agree. I decided to retire from IBM in 97 and made another career at Compaq/HP for another 11. I have now retired from HP and continue to do minor consulting gigs to keep busy. We spent our lives dedicated to IBM when we worked there and of course we were loyal, but corporate times have changed as has the company we admired for years. For all of you complaining out there, you had a good stimulating career and if you didn’t, then you are to blame not IBM. ?

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From: ibmpensionissues@... [mailto:ibmpensionissues@...] On Behalf Of press_two_for_english
Sent: Wednesday, March 02, 2016 10:20 AM
To: ibmpensionissues@...
Subject: [ibmpensionissues] Re: Good reminder

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Sadly, I feel it's a form of mental illness brought on by lack of hobbies, outside interests, etc.



---In ibmpensionissues@..., <robertisselhard@...> wrote :

Just wondering why a few people seem to harbor so much resentment against the company?? I worked for IBM for 20 years before the first of the involuntary separations occurred in 1985.? I was in the first wave, a good friend of mine in the second.? IBM treated me fairly and compensated me to depart.? I and 10,000 others were simply excess.? The OPD was essentially null and void after the PC came out.? I harbor no resentment toward the company.? I took my skills and found other employment.? Eventually landed a good-paying job with GE Medical Systems and retired from them 15 years later.? With the two retirements from IBM and GE, and SS for me and my wife, I am doing fine.?

No one ever promised any of us a cradle to grave ride.? I didn't expect to be laid off but it wasn't the end of the world either.? Get on with life.?


Re: Good reminder

press_two_for_english
 

Sadly, I feel it's a form of mental illness brought on by lack of hobbies, outside interests, etc.



---In ibmpensionissues@..., <robertisselhard@...> wrote :

Just wondering why a few people seem to harbor so much resentment against the company?? I worked for IBM for 20 years before the first of the involuntary separations occurred in 1985.? I was in the first wave, a good friend of mine in the second.? IBM treated me fairly and compensated me to depart.? I and 10,000 others were simply excess.? The OPD was essentially null and void after the PC came out.? I harbor no resentment toward the company.? I took my skills and found other employment.? Eventually landed a good-paying job with GE Medical Systems and retired from them 15 years later.? With the two retirements from IBM and GE, and SS for me and my wife, I am doing fine.?

No one ever promised any of us a cradle to grave ride.? I didn't expect to be laid off but it wasn't the end of the world either.? Get on with life.?


Re: Good reminder

 

Just wondering why a few people seem to harbor so much resentment against the company?? I worked for IBM for 20 years before the first of the involuntary separations occurred in 1985.? I was in the first wave, a good friend of mine in the second.? IBM treated me fairly and compensated me to depart.? I and 10,000 others were simply excess.? The OPD was essentially null and void after the PC came out.? I harbor no resentment toward the company.? I took my skills and found other employment.? Eventually landed a good-paying job with GE Medical Systems and retired from them 15 years later.? With the two retirements from IBM and GE, and SS for me and my wife, I am doing fine.?

No one ever promised any of us a cradle to grave ride.? I didn't expect to be laid off but it wasn't the end of the world either.? Get on with life.?


Smile!

 

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Re: Good reminder

press_two_for_english
 

I cannot imagine going through the rest of life, retirement with such bitter feelings about anything.

Now, I'm going back out for a walk in the sun while listening to some XM radio oldies!


---In ibmpensionissues@..., <no_reply@...> wrote :

This post by the head moderator on ibmpension is a good reminder of why her judgement is so heavily clouded by her intense hatred for the company she resigned from:

"IBM does not issue retiree badges. Why? They don't recognize a retiree as a category. They only recognize the laws and rules they have in place at the time of your exit. They don't care how you exited. You are out. The word 'retiree' hasn't mattered for 20 years. It means nothing."





Re: Good reminder

blue_guy_revived
 

Yeah, I found that statement interesting since I have a retiree card in my wallet now and I retired in 2012. It might not be a laminated photo id, but that's irrelevant.


Good reminder

stj2
 

This post by the head moderator on ibmpension is a good reminder of why her judgement is so heavily clouded by her intense hatred for the company she resigned from:

"IBM does not issue retiree badges. Why? They don't recognize a retiree as a category. They only recognize the laws and rules they have in place at the time of your exit. They don't care how you exited. You are out. The word 'retiree' hasn't mattered for 20 years. It means nothing."





Watch what Phil sees

 

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New Year Wishes!

ret99_99
 

Wishing you blessings of health, happiness, & success at the start of a new year!



(No subject)

 









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From: slouise217
12/1/2015 6:11:16 PM




Thanksgiving wishes!

ret99_99
 

Wishing you blessings of health, happiness, & success on Thanksgiving & always!





Happy Veterans Day - 2015

ret99_99
 

On this Veterans Day, we salute our Veterans and extend our gratitude for their service. They are our relatives, friends, neighbors and co-workers. These individuals committed to a cause larger than their own and accepted the challenge to defend our Nation.

Thank you Veterans for your service.



Re: Jordan dialect?

bewarethebottomline
 

hcampaigns posted on ibmpension:

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https://groups.yahoo.com/neo/groups/ibmpension/conversations/messages/87184


"Attila the Hun, your reputation precedes you.?

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I'm for real and here to help. I've sent you a direct email I'd like to use to open up a dialect. If you didn't receive it please let me know. "



---In ibmpensionissues@..., <ileftibm@...> wrote :

Say what?


Re: Jordan dialect?

 

Say what?


Jordan dialect?

bewarethebottomline
 

I see that Attila the Hun and the President & CEO of Honorable Campaigns are going to open up a dialect. Which dialect do they use in Jordan or are they going to start a new one?



IBM Applies Cognitive Computing to Help Businesses Extract Critical Information and Insight from Documents

ret99_99
 

Businesses today must contend with an unprecedented volume and variety of data, with unstructured information accounting for about 90 percent of enterprise information[1]. This comes in many forms, from documents to images, and rich media. And many day-to-day operations are driven by business transactions that produce paper and digital documents that companies must manage with capture and imaging solutions. As businesses complete more complex transactions like processing loan applications or cross-border shipments, human intervention is needed to review, classify and make sense of the document's content.


By applying a combination of advanced imaging, natural language processing, and machine learning technologies, IBM Datacap Insight Edition can automatically classify and understand the document – including format and structure, as well words and numeric information – from any document type to help businesses quickly and accurately determine the appropriate action to take.

This is particularly important in:

  • Banking and Finance - where different business lines such as Retail/Commercial banking, Lending, and Investment banking require similar documents for differing contextual reasons
  • Healthcare - where doctors and hospitals are transferring hand written notes and images into electronic health records for analysis or filing.
  • Insurance - where roughly half of all documents received are titled "correspondence" and need to be analyzed for content and classified appropriately.

"In the insurance industry, it is important to accurately capture and understand unstructured data. This is especially true when it comes to claims because they often include a high percentage of unstructured data in the form of correspondence. A cognitive capture solution would be extremely useful in helping us to automate the processing of these documents," said Paul Deffinger, Director ECM Applications at Great American Insurance.


By analyzing the content, IBM Datacap Insight Edition can identify which content to apply analytics to at the point of capture, while continually learning about new document types for future use and overall faster processing. It applies business rules to help organizations determine what needs to be done – whether a document should be passed to a line of business system or should initiate a case and workflow for additional actions.


"Integrating cognitive capabilities within document capture helps eliminate the need for time-consuming and costly manual intervention while maintaining the accuracy and speed required by businesses," said Beth Smith, GM, IBM Analytics Platforms. "And even more importantly, cognitive capture allows a business to learn as it processes more transactions to continuously improve speed and accuracy, while making evidence-based decisions around critical day-to-day tasks and interactions."



Re: Ginni Rometty: Forget digital—cognitive business is the future

 

Just keep my pension coming; how about an increase it's been the same for 8 years. My stock isn't where it needs to be either.


From: ret99_99 ;
To: Subject: [ibmpensionissues] Ginni Rometty: Forget digital—cognitive business is the future
Sent: Tue, Oct 13, 2015 6:36:56 PM

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A new era of cognitive business is here.

IBM Chairman and CEO Ginni Rometty said that a new technological era is upon us, one that marries digital business with digital intelligence. It’s what’s known as cognitive business.


“Digital is the wires, but digital intelligence, or artificial intelligence as some people call it, is about much more than that,” Rometty told Fortune Editor-in-Chief Alan Murray at the in Washington, D.C. “This next decade is about how you combine those and become a cognitive business.”

“It’s the dawn of a new era,” said Rometty.


There’s a vast amount of information out there, from the Internet to your computer hard drive, but nearly 80% of that information has been invisible to systems and computers until now, explained Rometty. For instance, while there may be millions of songs and movies digitally stored, a computer hasn’t known what’s inside those files before today’s technological innovations.


Artificial intelligence has been around for decades but it hasn’t been until recently that its power’s been unleashed. IBM’s -0.97% Watson is symbolic of this era and is able to demonstrate , said Rometty. Systems can now understand, reason, and learn. See: Watson’s breath-taking performance on Jeopardy! in 2011 when it took down the gameshow’s top two contestants ever.


There’s still a long way to go before digital intelligence becomes the standard, but Rometty recommended five areas where a business can benefit now if it starts building a cognitive business:

  1. Drive Deeper Engagement: Help clients behind the scene for better customer experience.
  2. Scale Expertise: Companies spend lots of money training employees, this could be scaled more effectively.
  3. Put Learning in Every Product: Build products that adapt to each consumer’s needs.
  4. Change Operations: Streamline your supply chain to help margins.
  5. Transform How You Do Discovery: From pharmaceuticals to financial industries, research will be the foundation of many many segments will work in the future.

“Instead of being disrupted, be the disrupter. I do it inside my own business,” said Rometty. “You will be the disrupter if you choose to do it.”