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Essentially, liquidating its assets..

Computer Programmer
Former Employee
Worked at IBM for 20 years
March 24, 2015
Rochester, Minnesota
1.0
Doesn't RecommendNegative OutlookDoesn't Approve of CEO
Pros

Worked at IBM for over 30 years. It used to be a wonderful place to work, with talented people and best-of-breed hardware/software. It no longer is that company, and the best that can be said of it is flexible work from home and somewhat flexible work hours. Pay/benefits are average.

Cons

The company used to be run by engineers, but now it is run by the finance department.

There has been minimal investment in its people and R&D over the last 15 years, and everything is now spent on stock buybacks.

Most of the experienced and talented people are now gone.

The existing set of customers are really paying the price with the current product set and services now offered.

It used to be that having IBM on your resume was a good thing. I'm not so sure anymore, as it was harder and harder to get good college talent to come to IBM.

Advice to Management

Quite frankly, resign. This is/was a technology company that needs to be first run by real engineers with a vision for the future. In the long run, nobody really cares what the stock price will be 13 weeks from now. Existing management is destroying a once great company.

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