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Reports Coming in of Big IBM Layoffs Underway in the U.S.

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421–428 of 428 posts

Re: Reports Coming in of Big IBM Layoffs Underway in the U.S.

#421
post #337

Earlier quoted context omitted.

> And shipping overall is down. Problem is demand-side. Really ? All economic indicators (manufacturing index, employment, ...) seem to indicate otherwise. If problem is indeed demand side, wouldn't you see a serious crash right about now ?

We aren't? Look up shipping indices. Baltic Dry Index, etc. All massively down since mid-2015.

Well sure, but equities certainly don't seem to have gotten the message.

Re: Reports Coming in of Big IBM Layoffs Underway in the U.S.

#422
post #421

Earlier quoted context omitted.

We aren't? Look up shipping indices. Baltic Dry Index, etc. All massively down since mid-2015.

Well sure, but equities certainly don't seem to have gotten the message.

Liquidity seeks returns.

Asset price inflation isn't economic growth.

And a strengthening labour market would see rising wages. They're rather curiously not. For some decades now.

Re: Reports Coming in of Big IBM Layoffs Underway in the U.S.

#423

Earlier quoted context omitted.

Trying to work with your analogy... Does that mean H1Bs are the sharks, or the chum?

You turned this into an H1Bs thing a heartbeat... And this in a country built by and welcoming towards immigrants. Shouldn't we be discussing how to make the industry and the life of H1Bs better?

Not when we have millions of unemployed and underemployed people in this country.

There is a reason Trump's message is resonating with so many people (I'm not a supporter).

Re: Reports Coming in of Big IBM Layoffs Underway in the U.S.

#424
post #97

During the dot-com bust of the early 2000s, I was working at a super-market. One of the guys stocking shelves was a software engineer laid off by a large company after 40 years. The management at Winn Dixie put him stacking boxes in the freezer section...since they knew he needed the money and wouldn't quit. Maybe he deserved to get fired, maybe he didn't. The lesson to me that has been reinforced over my career in t…

Quite hard to comment without context. This guy might have just been left behind, and was working on some soon to be obsolete language and never made any effort or interest into learning something new.

Re: Reports Coming in of Big IBM Layoffs Underway in the U.S.

#425

Earlier quoted context omitted.

You can, but only if someone's willing to hire you. Employers are leery of hiring you for substantially less money than you made in the last job. The fear is you're still looking, and a few months down the road (before you've really accomplished anything) you'll quit.

There is no need to tell an employer your previous salary.

Well in India recruiters ask for the current salary & expected salary by default. If you don't provide this info, your resume heads to the trash.

Re: Reports Coming in of Big IBM Layoffs Underway in the U.S.

#426
post #246

Earlier quoted context omitted.

Watson is a growth play. I would expect it to be the last group affected.

What do you base that on?

IBM's commitment to growing Cloud, Analytics, Mobile, Social, and Security (CAMMS). Investment into Watson branding and advertising. Maybe the feeling that I want to feel secure since I am in Watson group.

Re: Reports Coming in of Big IBM Layoffs Underway in the U.S.

#427
post #246

Earlier quoted context omitted.

What do you base that on?

IBM's commitment to growing Cloud, Analytics, Mobile, Social, and Security (CAMMS). Investment into Watson branding and advertising. Maybe the feeling that I want to feel secure since I am in Watson group.

>Maybe the feeling that I want to feel secure since I am in Watson group.

Interesting, didn't realize! Very cool But that might not be a good reason to believe Watson is immune; reality doesn't work like that :-p

Re: Reports Coming in of Big IBM Layoffs Underway in the U.S.

#428
post #150

Earlier quoted context omitted.

Do you have any information about the company's position and needs? About what options they have? About the ranges of outcomes of the various options? About the decision making process and politics that lead to this option? Otherwise, it's just a very speculative assumption, repeated by many, that firing people must be good. Management must be acting in the company's best interests - they couldn't be biased or selfis…

> Why did working people understand this truth in 1915 but not today? My cynical view (as another 'born into a union family' etc etc) is that, back then, enraged human souls could take out their anger on the material interests and personal safety of capital owners. A factory would burn, stock would get ruined, people would get physically threatened. That empowered workers and did a lot in making owners understand tha…

I've seen executive disconnect work the other way too. I'm currently sitting in an empty room because the rest of my team resigned in the last 5 months thanks to a short-sighted executive directive.
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