mhr123 Posted April 15, 2009 Posted April 15, 2009 MELBOURNE: IBM worldwide has begun cost cuts in order to battle the effects of the global financial crisis and will scrap office amenities such as tea and coffee, and even company-funded home internet access. From May 1, IBM will cease to reimburse Internet access for staff working from home. Direct pay corporate managed and contracted home Internet services will also be scrapped. "IBM will cease the reimbursement of home internet access for employees," The Australian quoted the company, as saying in an email to staff. "Secondly, over the next several months the provision of some office amenities, including tea and coffee supplies, will be phased out. Where it makes sense, our intent is to replace this with user-paid vending machines at selected sites." IBM said the expiring home Internet policy was developed in the 1990s, when home Internet was not the norm. The cost-cutting measures would allow IBM to continue workforce programmes including a salary bonus pool, a single-cycle salary review later in the year, funding education to support revenue generation and continuing to invest billions in research and development, it said. IBM Australia declined to reveal how much money it expected to save from the cost-cutting initiatives. IBM reported a 12 per cent gain to $4.4 billion in net income for the fourth quarter of 2008, but slipped 6 per cent in revenue to $27 billion when the recession hit technology spending. In January, IBM sent layoff notices to more than 2800 people in its sales and software groups in the US. The latest round of job cuts at IBM was announced last month, when industry sources said another 5000 IBM workers in the US would lose their jobs. http://infotech.indiatimes.com/News/No-free-coffee-for-IBMers-from-May-1/articleshow/4399968.cms _____________________________________________________________ Desi u r also working for IBM Austraila , will u be effected ...:nervous::nervous:
Desi Cartman Posted April 15, 2009 Posted April 15, 2009 Nopes ... Some people paid for home internet using company Amex .. I just claim it under tax at the end of the year ... As for tea/coffee .. I dont drink tea/coffee plus I work at client site :P Its weird that they are cutting costs here while I.T. companies in India continue to throw parties at 5 stars ... here we dont even get free lunch :((
Don Sharma Posted April 15, 2009 Posted April 15, 2009 Nopes ... Some people paid for home internet using company Amex .. I just claim it under tax at the end of the year ... As for tea/coffee .. I dont drink tea/coffee plus I work at client site :P Its weird that they are cutting costs here while I.T. companies in India continue to throw parties at 5 stars ... here we dont even get free lunch :(( :nono:atleast not in mine:((
Desi Cartman Posted April 15, 2009 Posted April 15, 2009 :nono:atleast not in mine:(( a friend of mine worked at connexant & he told that they had parties every 4-5 months ..:blink:
fineleg Posted April 15, 2009 Posted April 15, 2009 Situation is such that in US, UK, Australia companies are doing strict cost control. In India, companies have tightened a bit, but still quite some partying does go on. Multinationals in India are still giving good perks to Indian employees located there.
Don Sharma Posted April 15, 2009 Posted April 15, 2009 a friend of mine worked at connexant & he told that they had parties every 4-5 months ..:blink: :((
Desi Cartman Posted April 15, 2009 Posted April 15, 2009 Situation is such that in US' date=' UK, Australia companies are doing strict cost control. In India, companies have tightened a bit, but still quite some partying does go on. Multinationals in India are still giving good perks to Indian employees located there.[/quote'] true but they also make them work for more than 35 hrs a week
fineleg Posted April 15, 2009 Posted April 15, 2009 true but they also make them work for more than 35 hrs a week In India people stay late at work. Thats because they spend a large portion of the day with general activities, and after 6pm start some serious work and stay till 9-10pm. If they focus on the work during normal business hours, then they can fit it in. (Always, exceptions will be there - in most normal cases this can be achieved in regular business hours)
Don Sharma Posted April 15, 2009 Posted April 15, 2009 In India people stay late at work. Thats because they spend a large portion of the day with general activities, and after 6pm start some serious work and stay till 9-10pm. If they focus on the work during normal business hours, then they can fit it in. (Always, exceptions will be there - in most normal cases this can be achieved in regular business hours) In my case it is a mandate to work 9hours, also in some IT firms they expect ppl to put in 9+ hrs excluding the hours spent on breaks, etc. Atleast I dont have tht prob but still 9hrs sux, the worse part is u got no work and still u gotta stay:((.
fineleg Posted April 15, 2009 Posted April 15, 2009 In my case it is a mandate to work 9hours' date=' also in some IT firms they expect ppl to put in 9+ hrs excluding the hours spent on breaks, etc. Atleast I dont have tht prob but still 9hrs sux, the worse part is u got no work and still u gotta stay:((. why do you have to stay if you dont have work to do!? Just to mark the time to bill clients? :hmmmm:
Don Sharma Posted April 15, 2009 Posted April 15, 2009 why do you have to stay if you dont have work to do!? Just to mark the time to bill clients? :hmmmm: Nope they dont check the hrs we put in, they are just concerned if we work on a particular day or not. This 9+hrs is all part of the internal process at my company:wall:. I took a chance in the last year and left whenever I had no work, the result, I suffered 10days LOP:((.
mhr123 Posted April 15, 2009 Author Posted April 15, 2009 Nopes ... Some people paid for home internet using company Amex .. I just claim it under tax at the end of the year ... As for tea/coffee .. I dont drink tea/coffee plus I work at client site :P Its weird that they are cutting costs here while I.T. companies in India continue to throw parties at 5 stars ... here we dont even get free lunch :(( Our Free parties depends upon our Boss mood... :giggle::giggle:
fineleg Posted April 15, 2009 Posted April 15, 2009 Nope they dont check the hrs we put in, they are just concerned if we work on a particular day or not. This 9+hrs is all part of the internal process at my company:wall:. That sucks! I took a chance in the last year and left whenever I had no work, the result, I suffered 10days LOP:((. what is LOP? (edit: i guessed, Loss of pay?)
Don Sharma Posted April 15, 2009 Posted April 15, 2009 what is LOP? (edit: i guessed, Loss of pay?) Yes... Loss of Pay
Holysmoke Posted April 16, 2009 Posted April 16, 2009 My aunt works in IBM NY, and they are not gonna pay for her home internet from next month onwards
Desi Cartman Posted April 16, 2009 Posted April 16, 2009 funny thing @ IBM is that they want u to work from home as they dont have enough space in the CBD building. So unless you are at client site they prefer if you work from home but now they are not gonna pay home internet bills ..
Desi Cartman Posted April 16, 2009 Posted April 16, 2009 Nope they dont check the hrs we put in' date=' they are just concerned if we work on a particular day or not. This 9+hrs is all part of the internal process at my company:wall:. I took a chance in the last year and left whenever I had no work, the result, I suffered 10days LOP:((.[/quote'] That sucks ! I find it hard to be at work for 7-8 hrs a day when I dont have much to do ... :omg:
Don Sharma Posted April 16, 2009 Posted April 16, 2009 funny thing @ IBM is that they want u to work from home as they dont have enough space in the CBD building. So unless you are at client site they prefer if you work from home but now they are not gonna pay home internet bills .. My cous works for IBM. When he said tht he can work from home, there isnt any mandate workin hrs, et al I was virtually cursin him.
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