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IBM Jobs & Careers in Research Triangle Park, NC

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IBM CEO Virginia Rometty
Virginia Rometty
3,939 Ratings
  1. 4 people found this helpful  

    Work environment at IBM is definitely NOT getting better

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Engineer in Research Triangle Park, NC
    Current Employee - Software Engineer in Research Triangle Park, NC

    I have been working at IBM full-time (more than 5 years)

    Pros

    Talented coworkers. Good customers. Some of the technology is really good. Medical benefits are ok. 401k matching is not bad. Management recently got rid of two divisions that were dead weight - System x and chip manufacturing.

    Cons

    Salaries have been static for years. 401K matching is paid on Dec 15th, so if you leave (either voluntarily or through resource action) before that date, you get nothing. Once or twice a year, management announces big layoffs. Because the previous CEO made a commitment to grow earnings per share to $20 by Q4 2015(management called it Road Map 2015, IBMers called it Road Kill 2015), IBM has been cutting every corner they could to get there. This quarter, the earnings were so bad, they finally gave up on Road Kill 2015. What should have been good news (giving up that dumb promise) turned bad with another $600,000,000 reserved for more layoffs and the Board of Directors authorizing another $5 billion for stock buybacks. So instead of investing money to grow the company, they continue borrowing money to buy back IBM stock to prop up the stock price - completely ignoring the reason IBM is not growing (hint: It's not because there is too much floating stock). Hopefully, interest rates in the US will rise again so IBM can't continue with this game (borrowing money for less than the dividend payout for the stock they repurchase) and start using the money to grow the company .

    Advice to ManagementAdvice

    Need the big investors to get activist and fire the Board of Directors and get new people in there.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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