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Soul Crushing Torture

Senior Development Engineer
Current Employee
Has worked at IBM for 20 years
November 29, 2013
Hopewell Junction, New York
1.0
Doesn't RecommendDoesn't Approve of CEO
Pros

All the positives of working at IBM are in the rear view mirror.

If you are an executive who gets stock options, then IBM is a great company to work for. You don't have to worry about growing the business. No matter how badly the business performs, IBM will keep your options afloat by buying back billions in stock.

If you just draw a salary, maybe you should look elsewhere.

Cons

IBM thinks that paying 90% of the midpoint of the market range for a position is competitive.

If IBM wants to only hire people at the 45th percentile, then maybe so.

There are no raises for anyone making more than 45% of the range.

If you are well above average and contribute value that is well above average, then why would you settle for having your salary capped at a level that is below average?

Employees are discouraged, stressed, broken, frightened, and afraid.

Mass layoffs, over and over and over, have decimated their ranks and destroyed all trust in management and in management's ability to run the business.

Every year IBM increases the cost of benefits to employees, but salaries never seem to keep up.

IBM's hardware business is imploding, and the executives are clueless.

But if we use social media and Tweet and Like about how great IBM is, maybe things will get better. :-(

Turnover at IBM is very high, and the number of people who know how to get things done keeps decreasing as the brain trust gets fired, retires, or decides to leave the mess that IBM has become.

Advice to Management

Stop shooting the troops and instead fire the generals who can't figure out how to keep the business from failing.

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