Klumber t1_j5ynrhk wrote on January 26, 2023 at 2:06 PM

Reply to comment by Martholomeow in IBM Cuts 3,900 Jobs In Latest Tech Layoffs by itsonlyeva

They're essentially a service company now. Primarily supporting other businesses with complex information technology problems. The fact that you don't know them is part of their success, they switched entirely to B2B, where they do have consumer facing functions they're usually badged with a different name or in the shape of joint-ventures.

geekynerdornerdygeek t1_j5zi5re wrote on January 26, 2023 at 5:27 PM

This guy IBMs.

The article references a quote from the CEO where he says very distinctly that he feels IBM is doing "better" than other tech companies because it is in fact a totally different business model, focusing solely in B2B, and no longer conducts business with direct consumers.

Making it a tiny bit less susceptible to consumer shifts. (Everything eventually rolls up).

And all layoffs are in relation to subsidiary business spin offs.

Not making light of layoffs. But this really should be in a different group of tech companies as far as layoffs go, and not lumped into Google and Facebook, etc.

eggrollinmypants t1_j5zcdqj wrote on January 26, 2023 at 4:51 PM

Perfect example Truven Health analytics

Klumber t1_j5zuf7f wrote on January 26, 2023 at 6:43 PM

They are very large in lots of fields, I'm in Libraries (Health currently) and once you know, you see them everywhere. Just working behind the screens making sure that all this eResource stuff works.