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In reply to the discussion: Inside IBMs Purge of Thousands of Workers Who Have One Thing in Common [View all]mn9driver
(4,423 posts)57. Everyone is disposable.
I've seen this happen over and over again to friends and relatives who were happy at their jobs and doing good work. At some point in their 40's or early 50's, they get pushed out. After being unemployed for a few months, the company sends them a letter offering to give them a lump sum settlement on their accrued pension and benefits.
Even though the offer is absurdly low, they almost all take it because at that point they are desperate. In the meantime, the company has replaced them with a young person who has a lower salary and no pension or retirement other than a 401k plan. Welcome to 21st century America.
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Inside IBMs Purge of Thousands of Workers Who Have One Thing in Common [View all]
babylonsister
Mar 2018
OP
unfortunately IBM is not alone - many, if not most, corporations engage in similar practices
DrDan
Mar 2018
#3
and many, many CEOs adopted his management style - his impact was felt far and wide
DrDan
Mar 2018
#38
Re:"Grey hair in my beard"- I began having my hair professionally colored
No Vested Interest
Mar 2018
#72
IBM is not the only company guilty of age descrimination. Libert Mutual Insurance had a class action
infullview
Mar 2018
#10
I know I'm going to get flammed for this, but H1-B visas didn't make this any better either.
infullview
Mar 2018
#34
Enough that bumped into them on more than one occaision in software development and R and D.
infullview
Mar 2018
#59
SS offfices closing, offering workers early retirement & more for obvious reasons.
appalachiablue
Mar 2018
#39
"In Right to Work states they don't have to give a reason for termination."
WhiskeyGrinder
Mar 2018
#21
Brought tears to my eyes. I saw the writing on the wall way back in 1992
sinkingfeeling
Mar 2018
#26
my hubby was director of hospital pharmacy...same thing happened to him at age 60 and then a
samnsara
Mar 2018
#28
Ageism, racism, sexism & more seem wide open in this new conservative era.
appalachiablue
Mar 2018
#31
Engineers and computer scientists have to study about 10 hours/week to keep up
FarCenter
Mar 2018
#41
and training at IBM has taken a nasty turn - training is done on employee time - keep-up or ship-out
DrDan
Mar 2018
#43
IBM worked around the workplace laws for older ppl. Nothing but GREED. Shameful.
iluvtennis
Mar 2018
#51
Hubs was forced out a couple of years ago...he fought the last couple to save a shitty pension.
Demsrule86
Mar 2018
#61
This hardly sounds like the square-dealing corporation we've all come to know and love, does it?
BobTheSubgenius
Mar 2018
#65