not just IBM, but the link to the microsoft layoffs is kind of mind blowing: http://techrights.org/2020/08/02/microsoft-layoffs-secrecy/ >“Microsoft rarely, if ever, allows anyone working there to reach 55 and have their pension become vested.” >“Microsoft was twice as likely to lay you off if you were over 40.” >“Cortana is an analytics and telemetry app that data mines people while pretending to be a digital assist…
Hey IBM is famous for cannibalizing their pension plan and letting people go months before payouts. Nothing new here.
IBM Is Already Gutting Red Hat and Firing Employees Without Warning
31–40 of 102 posts
Re: IBM Is Already Gutting Red Hat and Firing Employees Without Warning
#32Earlier quoted context omitted.
> A giant corporation buys a Silicon Valley company I don't know what you mean by 'giant corporation' and 'Silicon Valley company' - do you think these groups are distinct? RedHat isn't a 'Silicon Valley company' as far as I know. It's from the east coast - North Carolina isn't it? The Carolinas seem as far as you can get from Silicon Valley, culturally and geographically. And many Silicon Valley companies are tradit…
So, we don't think the linux community and companies are much different from century-old business-process company with 1/3 million employees? Is this really a question, or just pedantry?
Silicon Valley is also huge old companies built with massive defence contracts. If you think Silicon Valley is mostly small startups you're mistaken.
Re: IBM Is Already Gutting Red Hat and Firing Employees Without Warning
#33Earlier quoted context omitted.
I think they're referring to "Silicon Valley" in the cultural sense, not the geographic one.
But what does that even mean? Oracle is a traditional Silicon Valley company. But presumably that's not what they mean either?
And no, IBM did not invent the microcomputer revolution - far, far from it. They put out an expensive iron boat anchor using other people's chips and designs that saddled the industry with obsolete choices for a decade. Just like you'd expect from a giant corporation.
Re: IBM Is Already Gutting Red Hat and Firing Employees Without Warning
#34Re: IBM Is Already Gutting Red Hat and Firing Employees Without Warning
#35Earlier quoted context omitted.
What pension? I don’t think that’s a common US benefit. https://careers.microsoft.com/us/en/usbenefits
It says in your own link - 401k, which is a type of pension.
When people refer to a "pension", they're usually talking about a defined benefit plan that requires little or no funding from the employee's paycheck. The amount of money you get at retirement is determined upfront, and based on things like years of service and average wages over some prescribed time period.
Re: IBM Is Already Gutting Red Hat and Firing Employees Without Warning
#36Didn't they just acquire them last year? Is it b/c they're trying to cut costs or did they want to kill the company from the start?
Re: IBM Is Already Gutting Red Hat and Firing Employees Without Warning
#37Earlier quoted context omitted.
But what does that even mean? Oracle is a traditional Silicon Valley company. But presumably that's not what they mean either?
Enough with the digressions! An open-source-foundational company with roots in the microcomputer revolution, vs IBM? Is there anybody who doesn't see the difference? And no, IBM did not invent the microcomputer revolution - far, far from it. They put out an expensive iron boat anchor using other people's chips and designs that saddled the industry with obsolete choices for a decade. Just like you'd expect from a gian…
Well that ain't Silicon Valley! You're taking an extremely modern view and projecting it back! Silicon Valley was historically defence silicon and CIA contracts!
Re: IBM Is Already Gutting Red Hat and Firing Employees Without Warning
#38Re: IBM Is Already Gutting Red Hat and Firing Employees Without Warning
#39Earlier quoted context omitted.
Hey IBM is famous for cannibalizing their pension plan and letting people go months before payouts. Nothing new here.
Couldn't you get employment lawyers involved here?
Re: IBM Is Already Gutting Red Hat and Firing Employees Without Warning
#40The last time this was posted it was quickly flagged into oblivion for being a highly unreliable source: https://news.ycombinator.com/item?id=24049672