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Re:
On Fri, Apr 1, 2016 at 04:46 pm, Re Tired wrote:
I voted for "Listens to suggestions." If that is true, it is a good thing. Yahoo certainly does not do this. ?I am not sure why the Subject field is blank. I was replying to the Preferred features poll, so I would have thought that it would have auto-filled that field. Now editing this post, but it will not let me edit the Subject field. |
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IBM Layoffs Continue
Company has said it’s restructuring workforce to retool for cloud services and data analysisBy Robert McMillan May 20, 2016 6:51 p.m. ET International Business Machines Corp. this week?quietly laid off
employees, continuing a wave of job cuts the company announced in April. IBM declined to say how many jobs would be cut overall. The total layoffs
could affect more than 14,000 jobs, according to an estimate by Stanford
Bernstein analyst Toni Sacconaghi. The job cuts come after four straight years of declining revenues as the
rise of cloud computing threatens its software and services business. IBM has
said it would restructure its workforce to retool for cloud services and data
analysis, and could hire an equal number of new employees by the end of the
year. The company said on Friday it had more than 20,000 open positions. Two
employees reached?Friday?said that IBM’s internal job-search tool
listed between 7,000 and 8,000 open positions. IBM’s last round of layoffs, which affected less than 5,000 employees, came
in March. “Their initiatives aren’t going as fast as they’d like them to and it’s
affecting their revenue more than they thought,” said one IBM employee affected
by this week’s layoffs who requested anonymity because the employee is still
with the company. This week’s cuts affected workers in the Research Triangle of North Carolina;
New York City; Poughkeepsie, N.Y.; and Boulder, Colo. Some positions are being
moved to places like India and Costa Rica, according to workers affected by
this week’s cuts. Earlier in the week, IBM said it would , N.Y., campus and move those jobs to a facility in North
Castle, New York. The company’s total workforce was 377,757 at the end of 2015. |
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Re: IBM Shutters Somers, New York, Campus
More info here:
and here: On Wed, May 18, 2016 at 10:53 am, Re Tired <ret99_99@...> wrote:
?
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IBM Shutters Somers, New York, Campus
? By Robert McMillan
?
May 17, 2016 6:12 p.m. ET
?
International Business Machines Corp.? is closing its Somers, New
York, campus, home to approximately 2,000 employees in the company’s systems
and software divisions.
?
Workers will be relocated by March 2017 to an IBM
facility in nearby North Castle, New York, which is being modernized, said IBM
spokesman Edward Barbini, Big Blue plans to sell the 700-acre Somers property,
he said.
?
The Somers campus was built to accommodate 2,700 workers.
It was designed by architect I.M. Pei and completed in 1989.
?
IBM is struggling with the contraction of its traditional
software and services businesses and trying to reinvent itself as a seller of
cloud computing and artificial intelligence services. It has reported four
consecutive years of quarterly revenue declines as it has sold off its?
Intel -based server and chip-making businesses.
?
The company has laid off 14,000 employees in the past few
months, by one analyst’s estimate. Meanwhile, it has spent $9 billion on
acquisitions in the past year and is looking to hire new employees in growing
businesses such as cloud computing, security, and data analytics.
?
IBM had 378,000 employees at the end of 2015.
?
“The bulk of our transformation is really around skills
and shifting skills to these new areas,” IBM Chief Financial Officer Martin
Schroeter said in an interview last month. “Our overall employment could end
the year relatively flat to what we have today,” he said.
?
News of the Somers closure was first
reported by The Somers Record. |
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IBM Layoff Epidemic Spreads Worldwide
By
Posted 20 Apr 2016 | 20:00 GMT Last month,?
on a wave of IBM layoffs hitting U.S. facilities.?Cuts were happening
all across the country, and one source told me he’d been informed that
one-third of the U.S. workforce would be affected. IBM quickly denied
that number, and other reports put the numbers of those severed in the range—something like 18,000 to 25,000 in the United States. (We’ll never be able to know the exact percentage, simply because IBM
no longer releases a U.S. headcount; worldwide, as of the end of 2015,
the company had approximately 378,000 employees.) At the time, ?that
what the company called “workforce rebalancing,” in order to
“aggressively” focus on cognitive and cloud computing, had less to do
with focusing on cloud and cognitive and more to do with moving jobs to
countries like India, Brazil, and Costa Rica. Here we are six weeks later. IBM has said little more about the
layoffs publicly,?yet they don’t appear to be over.?The March round
appears to have been the beginning, not the end. A Facebook group, ,
is gathering reports from around the world. These dispatches are by no
means comprehensive, but are at least painting a rough picture of what
is going on. Generally, the layoffs are affecting employees in many of the
higher-wage countries in which IBM does business. For example, Watching
IBM’s job-loss?tallies include?233 in Belgium, 160 in Denmark, 360 in
France, 900 in Germany, 225?in Sweden, and 100 in Switzerland. ?
reports that?400 workers have been laid off in the UK, including some
at UK Labs. A?Dutch-language publication in the Netherlands says 770
jobs there have been transferred to India—.?And, according to the UK’s?,?more cuts in IBM’s European workforce are planned. Watching IBM has received anecdotal reports about Canadian?layoffs
beginning in Toronto, Markham, Ottawa, Winnipeg, and Montreal.?And
reports on the site indicate that?185 layoffs have been announced for
Australia and New Zealand;?three more rounds planned for this year will
bring the total to 600. Back in the United States, it appears that the March layoffs were
just the warmup. A new round is reportedly either quietly underway, or
imminent, according to reports on Watching IBM. And even the Watson
team, initially thought to be untouchable, now appears to have lost its
immunity. One worker?reported to Watching IBM that some employees within
Watson are being told they have 30 days to find a new job in another
division. Also, he notes, “Several project managers and consultants
[have been] let go. Seems to be a cost cutting measure to make Watson
look profitable.” And the Silicon Valley Lab in Coyote Valley, Calif., is reportedly getting hit this time as well, . The company is laying off 109 workers there, the Business Journal indicates. Why are journalists and tech workers paying so much attention to the
IBM layoffs? One reason is the strong suspicion that IBM’s secrecy about
the cuts—the company is making numbers public only when local laws
require, and has refused to break down its head count regionally—is
designed to cover some less than admirable behavior. Perhaps, it’s been suggested, the whole “rebalancing” effort actually means pushing jobs to low-cost regions. :?“Leaked documents show IBM India now has ?Why? Take a guess. The average IBM India employee is paid $17,000 per year.” Or, perhaps?the effort is designed to remove older, more expensive workers: Journalist and IBM watcher
whether IBM has violated age discrimination laws with this year’s
layoffs. He’s trying to gather evidence, and suggests that
soon-to-be-former employees over 40 force an investigation by the Equal
Employment Opportunity Commission (EEOC), by? against the company. |
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IBM Profit Falls as Revenue Declines Again
? By Robert McMillan
Updated April 18, 2016 5:34 p.m. ET
International Business
Machines Corp.’s
Virginia Rometty is still looking for a sales turnaround more than four years
into her tenure as chief executive.
?
The Armonk, N.Y., company on Monday
reported first-quarter revenue of $18.68 billion, down 4.6% as the company’s
products have become increasingly under threat by the move to computing
services delivered over the Internet. The company has now posted revenue
declines for four years straight.
?
The computing giant said that net
income fell 13.5% to $2.01 billion, or $2.09 a share. Excluding charges, profit
was $2.35 a share. Analysts had expected adjusted earnings for the March 31-ended
quarter, of $2.09 a share, according to a survey by Thomson Reuters. Revenue
came in above Wall Street’s expectation of $18.29 billion.
?
Shares fell more than 4% in
after-hours trading on Monday after finishing up 81 cents at $152.53 in 4 p.m.
New York Stock Exchange trading.
?
For Ms. Rometty, the reinvented IBM
is a company that is focused on high-growth businesses—delivering “cloud”
computing services over the Internet and building new products that can analyze
mountains of data and extract useful insights.
?
But the going has been tough. IBM hasn’t been
able to solve its key problem: revenues are shrinking faster than its new
businesses are growing, and the company has laid off tens of thousands of
employees over the past year, even as it has hired tens of thousands of new
employees in these new businesses. IBM calls these new businesses “strategic
imperatives,” and said Monday that they grew 14% from the year-earlier period,
reaching $29.8 billion. They now account for 37% of IBM’s revenue.
?
“If the strategic imperatives are really
working, then the company’s growth rate should be improving. The evidence so
far has suggested that has not happened,” said Toni Sacconaghi, an analyst at
Sanford C. Bernstein & Co. in an interview ahead of Monday’s earnings
release.
?
During the latest quarter, IBM reported that
revenue from its strategic imperatives grew 17% excluding currency impacts,
including cloud revenue growth of 36% and a 9% increase in analytics revenue.
Systems revenue, which includes systems
hardware and operating systems software, declined 21% excluding currency
impacts. Global business services revenue, which includes consulting, global
process services and application management, declined 2.3%, also excluding
currency impacts.
?
IBM also affirmed its 2016 outlook.
?
IBM shares have dropped by 17% since Ms.
Rometty took over in January 2012; The S&P 500 index is up 65% during the
same period.
?
As about two-thirds of IBM’s sales happen
outside of the U.S., IBM benefited from a softening U.S. dollar. The company is
also starting to see new revenues from the billions of dollars in acquisitions
it made over the past year, a period when IBM bought close to 20 companies,
including Merge Healthcare Inc., a medical technology company, cloud storage
company Cleversafe Inc. and Weather Company’s digital assets. |
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Re: Preferred Features
#poll
Following are the results of the Preferred Features Poll so far:
Polls...........................
105
39.2%
Message view
options
105
39.2%
List of Top
Posters.......
16
6.0%
Subgroups.....................
8
3.0%
Hashtags........................
8
3.0%
Other............................
26
9.7%
Total...........................
268
100%
I have edited the poll and added 3 more options to choose from:
Users can edit
posts
Listens to suggestions
Can mute threads & users
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Re: Preferred Features
#poll
Thanks to the members here who have voted in the Preferred Features poll so far. If you have not already done so, I invite you to register your vote at:
/g/ibmpension/message/833
The current voting shows the following:
Polls 40% Message view options 40% List of Top Posters 5.5% Subgroups 1.8% Hashtags 1.8% Other 10.9% Note that the vote is anonymous.
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Re: Platform preference
Thanks to the members here who have voted in the Platform Preference poll so far. If you have not already done so, I invite you to register your vote at:
?
/g/ibmpension/message/828
?
We currently have 20.4% of the votes for Yahoo groups and 79.6% votes for 开云体育.
?
Note that the vote is anonymous.
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Re: Preferred Features
#poll
Yahoo does not listen to suggestions about how to improve groups. 开云体育 does listen. So far. Jack Santina On Fri, Apr 1, 2016 at 04:46 pm, Re Tired <ret99_99@...> wrote:
? |
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Preferred Features
#poll
In the Platform Preference Poll, we are seeing about 20% that prefer Yahoo groups and about 80% that prefer 开云体育. Please share what influenced your preference.
What features of the 开云体育 platform do you like better than the Yahoo groups platform? Choose one or more answers.
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Platform Preference Poll
Thanks to the members here who have voted in the Platform
Preference poll so far. If you have not already done so, I invite you to
register your vote at:
/g/ibmpension/message/828
We currently have 12 votes for Yahoo groups and 50 votes for
开云体育.
Note that the vote is anonymous. |
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Re: Good reminder
I can understand your view, based on the timing of your departure etc. ?I worked there for over 36 yrs. ?In that time IBM went from a caring full employment company to , well, literally , just another Walmart. ?After you left the treatment of the employees steadily went down the toilet. ?None of us could believe what was happening. ?Most of us stayed in denial far too long. ?Many went from true blue to disgruntled over the last few years. ?I loved IBM, but I grew to despise the leadership in the later years as it became more toxic. ? I left on my own terms, hoping to get out before they took away any more of my pension and benefits. ?Yes I harbor resentment because they did promise me full employment, pension, benefits and security when I started. ?The destroyed almost all of that over a decades long career. ? My pension is half of what was promised and I pay through the nose for medical insurance. ? ?I am glad for those who did not suffer through that period and got out while the company still had some respect for the individual. ?You are the lucky ones. |
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Re: You have been added to [email protected]
Terry
Thanks-you're appreciated! From: Ibmpension <[email protected]> To: terry2226@... Sent: Friday, March 18, 2016 3:42 PM Subject: You have been added to [email protected] Hello,
The owner of the ibmpensionissues Yahoo Group has moved the group to 开云体育, a new Groups service. You have been subscribed to the new group using your Yahoo Group subscription settings. The name of the new group is ibmpension, and messages can be sent to it at [email protected]. The group homepage is located here.
Groups at 开云体育 are similar to Yahoo Groups, but we have several new features. We encourage you to explore the 开云体育 website. If you have never registered with 开云体育 before, you will be able to create a password when you first Log In.
You do not have to do anything to continue being a member of this group. If you do not wish to be a member of ibmpension, click here and you will be unsubscribed immediately.
If you have any questions, please contact [email protected].
Cheers, The 开云体育 Team |
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Very Special Pi Day
choicer27yrs
“Pi Day is celebrated on March 14th (3/14) around the world. Pi (Greek letter “π”) is the symbol used in mathematics to represent a constant — the ratio of the circumference of a circle to its diameter — which is approximately 3.14159.” ? Note that if you round this to 5 digits, you get 3.1416 – the same numbers as today: 3/14/16. |
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