IBM boss pledges to hire 25,000 Americans in next four years Ginni Rometty, CEO of IBM, has pledged to recruit 25,000 Americans to Big Blue over the next four years, but wants Uncle Sam to pay for it. Her vow comes as Rometty and fellow US tech bosses today met president-elect Donald Trump in New York City to talk about jobs and regulations. What great timing. In an op-ed in USA Today …
She's a failure - look at the quarterly results. 18 quarters of falling revenue.
Who should listen?
And the message is "here are some shitty jobs for the USA" pitch ?
GTFO ! I did, 2 years ago of my own volition, and have not regretted it given how she and the leeches are treating the workforce.
>She's a failure - look at the quarterly results. 18 quarters of falling revenue.
So glad to be on a winning team with now over 100 consecutive profitable quarters (with last quarter records in revenue and profit) in a very cyclical industry. Vague and anon on purpose but not all companies are ran by a bunch of clueless ass hats, even in tech.
Profit and revenue are not the same measure!
I wonder if your firm also had 100 consecutive quarters of increasing revenue. IBM has probably also had 100 consecutive quarters of profitability. It is not about profitability but about shrinking revenue. IBM is getting smaller in revenue terms, every quarter, for the past 18 quarters. Someone else can provide data on profitability during that time...
> firm also had 100 consecutive quarters of increasing revenue.
Actually pretty close. There was some dips during the macro recessions (and some sudden increases due to acquisitions) but the trend line over those 100 quarters is remarkably consistently up. Of course since my company makes things and does business the right way we are still probably worth less than some Silicon Valley unicorns that have no chance to ever turn a profit but are hyped by the right people. At least our generous stock grants performing consistent good also over time means I can largely hold on to them for at least 2 years to get the lower tax rate (actually plan much longer, do love and believe in my company) without worrying about being the sucker holding the bag right before bankruptcy.
1) we build a Trump Turd Resort and Golf Course in EVERY TOWN IN THE MIDWEST!! Jobs! Boom!
2) everyone can now switch to one of the many exciting careers available! We have:
Buss boy
Waiter
Hotel lobby assistant
Bell hop
Cleaning lady. i.e. this is the only option for women, the rest are for hard-working men only. Sorry
Pool boy
Car valet
The list goes ON and ON and ON and ON and ON...
Get your resumes at the ready! Then print them! (wait for it) Now toss them in the trash bin and there you are!
IBM has been shipping every possible job to India. A few years ago they had more employees in India than any other country. With the layoffs since then, more than half of the worldwide employees are there.
The result was short-term gains, but their customers were leaving as quickly as they could. Customers want working business processes, not masses of low-quality people working on those processes.
It's possible that IBM management has realized their mistake, and is looking to change direction. But I doubt it. They are talking about hiring newly-trained people -- ones they no doubt want to pay entry-level wages. They aren't talking about rehiring the already-trained experienced people.
If Trump had any consistency, he would be chewing out IBM for doing exactly what he campaigned against -- shipping jobs overseas, and then asking the government for hand-outs.
Oh look another company that wants to privatize the profits and socialize the costs of doing business. Train your own damn employees IBM. If you are worried about their loyalty gee then maybe don't shit can older workers to avoid pension costs. Amazing how short sided things becomes when you listen to 20 or 30 somethings with MBAs huh?
For example, I didn't expect that India had run out of bodies. That seems impossible to me, but it is the only explanation for IBM announcing new hires in the U.S.
Either that, or Ginni is hiring 25,000 entry -level employees using federal subsidies, and laying off 35,000 current employees.
I think it's a token gesture to appease the increasingly hostile American public, i.e. damage control.
It's also possible that IBM's brass have finally admitted that offshoring is a self-defeating strategy. And the article makes it plain that they want subsidies for the 25,000 new hires.
Where the cheap beat out the good
Where the cheaper beat out the cheap
Where the federally funded beat out the cheaper.
Until the money runs out.
Do MBA's attract sociopaths or do they actually create people who behave like sociopaths?
I think there's at least one PhD to be had answering that question.
I actually approve of that, at the high school level. College/university education is overpriced garbage topped off with SJW indoctrination. Get the kids out of the shitty high school classrooms and into workshops, teach them useful craftsmanship/tech/engineering skills, spare them the brainwashing bullshit and student loans.
But don't give any of the money to IBM or other companies. No unpaid or subsidized internships. I remember not so long ago when companies like IBM and Verizon actually used to *sponsor* voc-tech programs. They considered it money well spent to prime the hiring pipeline.
The large trucking companies in the US have over 100% turnover rates. Every day craigslist and other job boards are splattered with their offers of a new career, complete with training. US gov pays for that vocational training at their company schools. Then the companies screw the driver by not letting them go home for months until they quit. The question is whether they make more delivering freight or doing vocational training.
We're close to Mark Twain's way of getting by; by taking in each others laundry.
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