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A dinosaur slowly sinking into the tar pit

Senior Software Engineer
Current Employee
Has worked at IBM for less than 1 year
December 1, 2020
Tucson, Arizona
3.0
Doesn't RecommendNeutral OutlookApproves of CEO
Pros

Very flexible schedule.

12 weeks paid parental leave!

Reasonable work-life balance in most roles and products.

Chances to work with some of the world's largest financial, insurance, and research institutions to solve real-world problems.

Cons

Compensation tends to be below market. Many divisions work with very old tech and have too much infrastructure built around it to change.

In the process of a largely unsuccessful reinvention/restructuring.

Lots of bureaucracy and middle management. Lots of good, smart people who get comfortable in important product roles and stay there for 20+ years until they have no remaining marketable skills, only to get RA'd or take support roles as the product reaches its natural lifecycle end.

Advice to Management

Shareholder primacy is largely to blame for IBM's rapidly declining business. In times where we should have been investing in new tech, we were buying back stock and cutting R&D to increase EPS. We damaged our reputation with customers by chasing ever-increasing profit margins and cutting back the teams that manage customer relationships.

We no longer attract the best talent because we don't offer competitive compensation and ownership stake to anyone but the highest tier employees, unlike our competitors.

The only way to turn this around is to make significant investments now in new tech and customer relationships that will take years to make money and do so at the expense of shareholder interests in the near term. A renewed focus on usage and experience rather than revenue and profit is necessary, but I fear that that ship has sailed and we will now continue this path to slowly fade into irrelevance.

Additional Ratings

Work/Life Balance
4.0
Culture and Values
4.0
Diversity, Equity, and Inclusion
4.0
Career Opportunities
4.0
Compensation and Benefits
3.0
Senior Management
3.0

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