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Not what it used to be

Development Engineer
Current Employee
Has worked at IBM for 20 years
April 10, 2013
Poughkeepsie, New York
2.0
Doesn't RecommendPositive OutlookDoesn't Approve of CEO
Pros

IBM is a huge company, and because of that, there are many opportunities for long-term employees to go overseas to China or India, which are the only growth areas in IBM. They offer decent salaries after 20 years.

Cons

They are working towards a $20 per share earnings target by 2015.

That has resulted in very deep, often ill-advised cost-cutting.

There is no incentive to work hard, and the bonus salary plans have been gutted to meet the 2015 goal.

Employees come last at IBM; don't ever forget it.

Advice to Management

Don't forget who got you where you are.

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