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An allegedly IBM Corporation (NYSE: IBM) employee went to Reddit on September 27 for a long rant against the company. In the original post, the user u/ReindeerLess4421 questions, “Why are any of us still here,” warning that “IBM is dying and we know it.” According to the alleged employee, IBM “monetizes on confusion,” foreseeing an imminent collapse as the company relies on legacy contracts. ReindeerLess4421 argues that its strategy is “to sell complexity” and then solutions for a problem IBM created. “We sell tech to trap companies in it, then charge them forever to keep it working. The only reason companies are with IBM is because the cost of leaving is higher than the cost of staying and we make billions just off that equation. There is no bright future.” – u/ReindeerLess4421 Interestingly, comments on the unofficial subreddit r/IBM and in a post on X show agreement with IBM’s employee rant. Employee rant: “Why are any of us still here? IBM is dying and we know it.” Source: r/IBM Reddit / Finbold Employee’s rant: Why he thinks IBM is dying Overall, the alleged employee argues that IBM is in a “slow, painful death,” held back by outdated technology and corporate inertia. According to the employee, IBM Cloud holds a minuscule market share because clients are trapped by legacy systems rather than choosing them for their merits. Namely, IBM’s $34 billion acquisition of Red Hat exemplifies its failure to innovate internally, opting instead to “acquire something decent and slap our logo on it.” Moreover, the employee criticizes IBM’s reliance on maintaining System Z mainframes and charging exorbitant fees for software and maintenance. He claims IBM exploits the high cost and complexity of moving off these systems, trapping companies in a cycle of dependence. Software licensing practices further lock clients into proprietary…

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Filed under: News - @ September 28, 2024 2:25 pm