I live in an area where IBM has been a prominent employer for many, many years. Back in the good ol' days it was the kind of place you could get hired right out of college, work your whole life there, and retire. They used to treat their employees really well, they even had a big "Family Day" every year, a health club, you name it. I used to be jealous because it seemed like my Dad was the only Dad that DIDN'T work for IBM, I was the ONLY one it seemed not going to "Family Day".
Well, let me tell ya, a few years later boy was I glad my Dad didn't work for IBM. That's when the first layoffs started. And they've continued ever since. When they'd have a layoff, it used to make the news. Now they lay people off so frequently it's hardly even noteworthy. Little by little all the good benefits and perks went away. And loyalty? The people who run IBM now care only about making the stock prices better so they can retire in a few years with a big fat payoff. They don't care one bit about employees. It doesn't matter how good at your job you are, nor how many years you've worked there. When it's time to make cuts everyone is fair game. Especially if you happen to be really good at your job and you've worked there a long time - you put a big target on yourself 'cause you make too much money. And the worst part to me is that when times are better, they hire, hire, hire - but NOT the people they laid off!
This is not a company laying the groundwork for the future, cultivating employees for long-term careers. This is a company that cares only about the bottom line in the short term.
My own DH was laid off from IBM too a few years back - TWICE! (Thankfully he doesn't work there now, he actually got a much better job elsewhere.)
Just for kicks I Googled "I Hate IBM" and I found this gem of an article: Think & Ask IBM Layoff, Executive Reviews...Everyday Life @ Big Blue. Scroll down to read the comments at the bottom of that article, and be SURE to read the small print right under the heading "Reader's Comments"!
And the impetus for this post is that I found out yesterday someone near and dear to me was one of their latest casualties. And I am 100% sure it was not performance related. I've seen it a million times - it's a "cost-cutting measure".
IBM, you can cost-cut my you-know-what!