Company: IBM
Date: 2013-10-07
Overall rating: 1/5
Employment status: current
Experience level: Senior

Absolutely horrible company now
Pros: - flexible hours
- work from home
- moderately good brand name (ie looks good on resume)
Cons: - horribly workload. 60+ hours is the normal work week expected. Anything less and you are classified as a 'underperformer'.
- salaries that are very significantly under market rates.
- penny-pinching to the point of ridiculousness.
- virtually no pay-raises or promotion for 95% of employees. The remaining 5% get a promotions where you pay increases by 2-3% for changing a complete band level (eg moving from 'Staff Software Engineer' to 'Advisory Software Engineer'
- annual bonuses are typically in the 3-4% range for almost all employees
- All perks (Thanks! awards, Breakfast-For-One $2.50 coupons, Christmas dinners, Year-Beginning meetings etc etc) have been cut
Basically since the former management instituted their 'financial roadmaps" for virtually doubling EPS, IBM has focused on one single thing .... cut costs by any means neccessary to achieve financial targets.
- Droves and droves of the smart people are leaving this company. The only ones left are those not so good that they cannot find good employment elsewhere.
- Morale at absolute rock bottom.