IRC: #boycottnovell @ Techrights IRC Network: Wednesday, September 27, 2023
beginning of new day, September 27
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1 AM, September 27
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2 AM, September 27
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3 AM, September 27
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03:13 admfubar; https://www.theatlantic.com/ideas/archive/2023/09/airlines-banks-mileage-programs/675374/
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4 AM, September 27
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5 AM, September 27
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6 AM, September 27
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9 AM, September 27
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10 AM, September 27
10:56 schestowitz; Re: IBM redundancy payment policies
10:56 schestowitz; > Hi Roy,
10:56 schestowitz; >
10:56 schestowitz; > Have you received anything more specific about severance payments and
10:56 schestowitz; > lump sums?
10:56 schestowitz; >
10:56 schestowitz; > - what IBM has been paying out?
10:56 schestowitz; >
10:56 schestowitz; > - what Red Hat has been paying out and whether it is identical to IBM?
10:56 schestowitz; >
10:56 schestowitz; > - the guy who got $250,000 to do nothing?
10:56 schestowitz; >
10:56 schestowitz; > - any other unusual cases?
10:56 schestowitz; >
10:56 schestowitz; > Regards,
10:56 schestowitz; >
10:56 schestowitz; >
10:56 schestowitz; > From 2023:
10:56 schestowitz; >
10:56 schestowitz; > https://www.theregister.com/2023/04/24/ibm_red_hat_layoffs/
10:56 schestowitz; >
10:56 schestowitz; > One employee was paid $250,000 to do nothing, they hoped he would quit
10:56 schestowitz; > and find another job instead of demanding a severance payment.
10:56 schestowitz; >
10:56 schestowitz; >
10:56 schestowitz; > https://fortune.com/2023/01/25/ibm-layoffs-3900-kyndryl-watson-health/
10:56 schestowitz; >
10:56 schestowitz; > Budget of $300 million for 3,900 redundancies
10:56 schestowitz; > (average $76000 per person, although some of the people only had very
10:56 schestowitz; > short employment or lower skilled jobs)
10:56 schestowitz; >
10:56 schestowitz; > The article mentions $10.5 billion free cashflow
10:56 schestowitz; >
10:56 schestowitz; >
10:56 schestowitz; > https://www.thelayoff.com/t/1mj1y6du
10:56 schestowitz; >
10:56 schestowitz; > Mentions gag orders for receiving payments above the statutory expectation.
10:56 schestowitz; >
10:56 schestowitz; >
10:56 schestowitz; >
10:56 schestowitz; > From 2009 redundancies:
10:56 schestowitz; >
10:56 schestowitz; > https://www.computerworld.com/article/2523233/ibm-plans-lump-sum-severance-for-those-laid-off.html
10:56 schestowitz; >
10:56 schestowitz; > Lump sums: 2 week's pay for every 1 year of service
10:56 schestowitz; In many companies they still use HR tricks to claim you're not even entitled to anything. IBM has a large army of lawyers, so if you disagree with them, prepare to pay lawyers for a long time and maybe you'll even become lucky.
10:56 schestowitz; Workers' protections have not been good in recent years, maybe decades. NDAs are used to deny people access to precedents.
1 PM, September 27
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2 PM, September 27
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3 PM, September 27
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5 PM, September 27
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6 PM, September 27
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7 PM, September 27
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8 PM, September 27
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10 PM, September 27
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11 PM, September 27
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