Feeds

Ex-PwC staff fear more cuts

Coffee, tea rations axed

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

An IBM bitch board has been taken over by grumbling ex-PwC workers who fear another round of layoffs may be announced when Big Blue reports earnings this week.

IBM has already laid off thousands since it completed the acquisition of PwC Consulting, but a number of employees can see the axe coming again. Former PwC staff fear they are first in the firing line.

"I'm hearing tell that there is a round (of layoffs) either here or coming soon," said one disgruntled worker on a Vault.com message board. "People are being tipped off that they're on a bad list in BCS (Business Consulting Services) and scrambling to find new homes in IBM. Any confirmation?"

Another poster supplies a sobering confirmation note.

"Oh no, there's not any truth to the rumors that there will be another round of layoffs. Are there any PwC people left to layoff?"

Little good can come of such speculation. Bitch boards tend to be less reliable than analysts or men gabbing at the airport. This particular message board, however, does leave the lasting impression that PwC employees are not enjoying their time at IBM. Many of the ex-PwC types are pretending to work while they wait for the severance packages to arrive.

"My coworkers here are to ready to go," writes another worker. "We may act like we're busy because we are told to, but I haven't made any contribution for a long, long time.

"I show up to work, play on my computer, talk about how busy I am and cash my paycheck. I am ready to get my severance package, collect a little unemployment and find a new job at a company that cares."

Poor thing.

A sad soul in the Fair Lakes, Virginia office has even seen his coffee rations taken away.

"No more coffee/tea," he writes. "I don't drink either beverage, but this indicates the cheap nature of IBM."

A pair of IBM policies appear to be behind this massive fall in morale. According to the messages, IBM has instituted a "use it or lose it" vacation policy, which has many of the PwC folks concerned. Some people have been saving up their holidays but now have to use all the days before year end.

A more pressing problem stems from an IBM policy that limits pay increases.

"What are the thoughts on the "core cash ranges" memo from Stanger that states that salary ranges were overstated by approx. 25 percent?" asks one poster. "They are just now figuring this mistake out after two months or do you think it's because there so many people below the low end of the ranges that IBM would have had to pay up if they didn't adjust the band downward.

"This company never ceases to amaze me in thinking that they can pass this off as an honest mistake and that we are so stupid as to believe them."

Apparently, IBM planned to bring salaries in-line across the board after acquiring PwC but found the task a tad more daunting thatn first expected. Workers who have fallen out of the increase "band" because of an "administrative glitch" at IBM will no longer receive a pay hike.

IBM's services business performed well in the first fiscal quarter, but it will be interesting to see how much these disgruntled workers have contributed to the bottom line when Q2 results arrive later this week. ®

Related Story

IBM buys PwC Consulting on the cheap

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.