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Layoffs at IBM
Old 05-04-2005, 11:58 PM   #1
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Layoffs at IBM

Just hoping I don't get laid off, the latest news is pretty scary. At least I don't work for IBM in Europe.


http://story.news.yahoo.com/news?tmp...structuring_dc
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Re: Layoffs at IBM
Old 05-05-2005, 12:21 AM   #2
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Re: Layoffs at IBM

I work for IBM as well. My account is required by the customer to be 45% GR by June and 50% GR by end of year. Even though we have too much work on our plate, I would not be too surprised to be let go also. I am shifting to 3 days a week mid May, so wouldn't be surprised if I'm on the hit list.

I'm prepared if it happens....
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Re: Layoffs at IBM
Old 05-05-2005, 05:57 AM   #3
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Re: Layoffs at IBM

I'm waiting to see what info today's Poughkeepsie Journal might have. Scuttlebut around the plant is "If your job doesnt produce revenue - worry."
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Re: Layoffs at IBM
Old 05-05-2005, 06:33 AM   #4
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Re: Layoffs at IBM

Well then, I guess they can let the majority of the middle management go.

Quote:
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Scuttlebut around the plant is "If your job doesnt produce revenue - worry."
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Re: Layoffs at IBM
Old 05-05-2005, 10:51 AM   #5
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Re: Layoffs at IBM

The word I'm getting is that the layoffs on my account are coming today.*
Pretty quick.
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Re: Layoffs at IBM
Old 05-05-2005, 11:51 AM   #6
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Re: Layoffs at IBM

Quote:
Originally Posted by BUM
I'm waiting to see what info today's Poughkeepsie Journal might have. Scuttlebut around the plant is "If your job doesnt produce revenue - worry."
Advice I used to give people signing up with a company was to find out what the companies core business was and make sure their job involved making or delivering that.

If it takes you more than a few words to describe how you facilitate the core product or service, you're in trouble.

Good luck folks...
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Re: Layoffs at IBM
Old 05-05-2005, 01:09 PM   #7
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Re: Layoffs at IBM

KB, let me know if you hear anything else. I will do the same. (you too BUM)
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Re: Layoffs at IBM
Old 05-05-2005, 05:18 PM   #8
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Re: Layoffs at IBM

Rumor has it that 4 people were given their 30 day notice to find another position within IBM or they will have a severance package handed to them. There are around 200 people on my account. I was not affected. We're quite spread out within the US and India so there may be more news tomorrow.
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Re: Layoffs at IBM
Old 05-05-2005, 05:46 PM   #9
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Re: Layoffs at IBM

Ug, good luck KB. My friend worked for Cerfnett/AT&T, survived three rounds of layoffs and got nailed on the fourth. I guess they do it in waves to make sure things don't fall apart. Dust settles, the make sure the trains are still running, then let another group go. Any word on the severance packages? My friend got a few months paid vacation to work on his resume and interview.

What get's me is how do they choose who to lay off? He was a superstar, doing work way above his pay grade, really a bargain to the company considering his technical lead duties and how many accounts he supported.
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Re: Layoffs at IBM
Old 05-05-2005, 06:58 PM   #10
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Re: Layoffs at IBM

No word on the severance package yet. I will start working 3 days a week instead of full time later this month and thought I might be easier to get rid of. I was kind of hopeful actually.....
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Re: Layoffs at IBM
Old 05-06-2005, 12:50 PM   #11
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Re: Layoffs at IBM

We're up to 13 people laid off.

Any one else affected?
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Re: Layoffs at IBM
Old 05-06-2005, 05:12 PM   #12
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Re: Layoffs at IBM

Final number is 15. All given their 30 day notice yesterday. So all the writeoffs will occur within this quarter.

Anybody else have layoffs on their account?
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Re: Layoffs at IBM
Old 05-06-2005, 06:42 PM   #13
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Re: Layoffs at IBM

I haven't heard of any yet.
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Re: Layoffs at IBM
Old 05-06-2005, 06:53 PM   #14
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Re: Layoffs at IBM


I used to work at the Hursley lab in England. Do you know what's happening there, since the layoffs are focused on Europe? I can imagine the bean counters seeing that place as a good target, it's far too nice a facility to waste on R&D engineers. They might get rid of the onsite pub and cricket pitch
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Re: Layoffs at IBM
Old 05-07-2005, 06:09 AM   #15
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Re: Layoffs at IBM

Heard 6 were laid off in the MHV. East Fishkill's "booming on paper" with plans to build SONY chips. Sky cranes are moving on site.... a very good sign.

Th reminded me how far away it possible to get from core businesses. One of my old habits while travelling was to dip into the omnipresent fishbowl at the hotel front desk and pull out all the IBM biz cards. The titles were often so vague and redundant that they were very funny. Probably like government jobs. I'll never forget the card from an Armonk guy. It simply read: (name changed to protect useless managers)

Joe Blow
Corporate Information, Corporate Information

KB I like your position of being prepared. Others might take a lesson there. The best defense is a prepared ER plan!


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Re: Layoffs at IBM
Old 05-07-2005, 09:46 AM   #16
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Re: Layoffs at IBM

Well, to those of you with IBM and anyone else for that matter, let me know if you are interested in working for a government contractor-pretty competitive wages, 75% up to 6% of salary 401(k) match, pension vested after 5 years, yadda yadda(if you can afford to not work congrats and disregard!). We have locations all over and if you are a programmer, software engineer, system administrator, or computer security I could probably hook you up. Just message me and I'll tell you what we have open in your area. Good luck, people!
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Re: Layoffs at IBM
Old 05-07-2005, 12:53 PM   #17
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Re: Layoffs at IBM

Quote:
Originally Posted by BUM
One of my old habits while travelling was to dip into the omnipresent fishbowl at the hotel front desk and pull out all the IBM biz cards.
Ha ha...I used to do something similar when I was in sales...we had a really expensive fru-fru burger place near my office, about ten bucks for a burger (this was in the mid 80's, inflation adjust that) that had a fishbowl in the front; you put in your business card for a drawing for a free lunch. You really only got people with some bucks in their pockets eating there.

I ate there every day, would hang back behind a largish group of people, and while the hostess was seating them I'd rifle through the business cards looking for potential customers. I'd call them up and confess that I saw their card 'sitting on top of the pile' and that I'd give them a free lunch at that place without the raffle odds in exchange for telling me about their company.

90% of the folks went for it; about half ended up buying something from me.
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Re: Layoffs at IBM
Old 05-07-2005, 11:28 PM   #18
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Re: Layoffs at IBM

Great story, TH! I always wondered what the angle was for those business card raffles, you created one most businesses would never have thought of. Now I just need to open a diner.....
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Re: Layoffs at IBM
Old 05-08-2005, 10:30 AM   #19
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Re: Layoffs at IBM

Fun part was, I could gauge exactly what kind of customer they were going to be like as a function of how they reacted. If they were really amused and cool with it, they were going to be a good customer. If they were a little pissy about it, they werent going to be a lot of fun. Anyone who was mad but jumped at the free lunch...a cheapo.

Makes sense, you're surprising someone with an unusual but actually beneficial situation/proposition. The root of it is you're fulfilling their wish for a free lunch, just not in the way they anticipated. Their reaction to that situation can be very telling...

Since these were also business lunches, I also got to eat a lot of those hideously expensive burgers for free. And my boss (who worked out of another state) thought I was quite godlike in my ability to line up a new prospective customer for lunch almost every day.
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Re: Layoffs at IBM
Old 05-10-2005, 12:20 PM   #20
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Re: Layoffs at IBM

Well, this thread will teach me to take a few days off. Sorry I missed it, being as I'm yet another IBM minion.

I've known about the Europe layoffs for a while now, but what about the ones you're all reporting here? Are they all in the U.S.? What general job types / divisions? What packages?

Thanks for any info. I've heard nothing on my end -- software marketing -- but rumors abound, as always.

Best of luck to the rest of you IBMers -- hope it goes the way you want it to, whatever that is.
Caroline
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