Company: IBM
Date: 2017-03-16
Overall rating: 2/5
Employment status: former
Experience level: Senior

Not your parent's IBM..
Pros: Still some great people left at IBM. The ability to work from home - but now is limited only to sellers.
Cons: -19 quarters of sales decline in a row under Ginni Rommety. 
-First/second even 3rd line managers no longer have any decision making ability. 
-The forecasting process is non stop - with more time spent forecasting and presenting sales forecasts to multiple mgrs/levels than actual selling. 
-Raises are almost non-existent and usually only 1-2%. 
-Benefits have continued to decline with healthcare contributions continuing to decrease and employee costs skyrocketing. 
-There is no longer a pension plan, the 401k match happens once a year, in January. So most silent layoffs happen in 4th qtr. 
-30 day severance is the new policy whether you have 1 year of service or 40. 

Overall company environment has gone from poor to absolutely toxic. Many of those who remain are looking to leave or actively doing so. 
-There is a huge push to cull older employees and replace with millenials with some mgrs openly stating that "that job is slated for a millenial hire".  
-I would NEVER allow my children to join the new IBM.