Company: IBM
Date: 2013-11-29
Overall rating: 1/5
Employment status: current
Experience level: Senior

Soul Crushing Torture
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 bad 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 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 a 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 managements ability to run the business.   

Every year IBM increases the cost of benefits to the 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 deceasing as the brain trust gets fired, retires or decides to leave the mess that IBM has become.