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IBM nearing a buyout deal for HashiCorp, source says

reuters.com

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Re: IBM nearing a buyout deal for HashiCorp, source says

#21

Post by ChrisMarshallNY »

jacques_chester wrote: post #20
thrwaway1337 wrote: post #12

Earlier quoted context omitted.

While I appreciate the sentiment, surely that is not the reason why we should wish acquisitions to happen or fall through? There's something to be said about solving for maximum societal welfare—which may or may not be the case here, but in any event doesn't depend on any specific individual

I think the parent comment may be a reference to IBM being caught in the past deliberately firing older workers.

Yup.

Re: IBM nearing a buyout deal for HashiCorp, source says

#23

Post by toomuchtodo »

laurels-marts wrote: post #19
ChrisMarshallNY wrote: post #3

I hope that's not true (or falls through). I have a good friend that works for HashiCorp. He's 42, and will undoubtedly be on the chopping block.

What does it have to do with him being 42?

Older, more expensive workers are targeted by IBM to be pushed out of the org. They run on cheap offshore, domestic visa, and younger labor, except near the top of the org.

https://www.google.com/search?q=ibm+ageism

https://h1bdata.info/index.php?em=ibm+&job=&city=&year=2023

https://features.propublica.org/ibm/ibm-age-discrimination-a...

https://www.theregister.com/2024/03/15/ibm_ceo_pay_jumps_23/

Re: IBM nearing a buyout deal for HashiCorp, source says

#25

Post by ChrisMarshallNY »

laurels-marts wrote: post #19
ChrisMarshallNY wrote: post #3

I hope that's not true (or falls through). I have a good friend that works for HashiCorp. He's 42, and will undoubtedly be on the chopping block.

What does it have to do with him being 42?

IBM doesn't like dinobabies.

Re: IBM nearing a buyout deal for HashiCorp, source says

#27

Post by lja »

thrwaway1337 wrote: post #12
ChrisMarshallNY wrote: post #3

I hope that's not true (or falls through). I have a good friend that works for HashiCorp. He's 42, and will undoubtedly be on the chopping block.

While I appreciate the sentiment, surely that is not the reason why we should wish acquisitions to happen or fall through? There's something to be said about solving for maximum societal welfare—which may or may not be the case here, but in any event doesn't depend on any specific individual

I think it's important to contemplate the human component of mergers. If lots of gainfully employed people get let go so that fewer people can consolidate expenses and raise shareholder value I think it should be considered as part of the decision making framework.

Re: IBM nearing a buyout deal for HashiCorp, source says

#28

Post by inetknght »

thrwaway1337 wrote: post #12
ChrisMarshallNY wrote: post #3

I hope that's not true (or falls through). I have a good friend that works for HashiCorp. He's 42, and will undoubtedly be on the chopping block.

While I appreciate the sentiment, surely that is not the reason why we should wish acquisitions to happen or fall through? There's something to be said about solving for maximum societal welfare—which may or may not be the case here, but in any event doesn't depend on any specific individual

> While I appreciate the sentiment, surely that is not the reason why we should wish acquisitions to happen or fall through?

I have another reason (whether or not that's "better" is arguable): because too big to fail is a thing and we've already seen what happens in other industries when big players buy out smaller ones.

Re: IBM nearing a buyout deal for HashiCorp, source says

#29

Post by microtonal »

sneed_chucker wrote: post #6

Wasn't on my bingo card, that's for sure. Say what you will about big blue, they repeatedly seem to know who to acquire in order to buy themselves another 10 years of relevance.

Well, they also have Red Hat, HashiCorp is right up the same alley.
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