11/12

[REDDIT] IBM's Brain Drain: Employees Vent Online as Stock Dips

International Business Machines Corporation (IBM) stock is down 0.68% in pre-market trading as of 7:45 AM on November 12, 2024, to $212.11. The slight dip comes as the company faces ongoing challenges in retaining talent and maintaining employee morale. On Reddit, discussions about IBM have been largely focused on employee experiences and resignations. One user wrote, "When they start laying off most of the people around you. Or give you a 1% raise, take away the 401k match and give you a 1% bonus. All the while the CEO got what a 23% raise. Bye." Another user commented on the company's promotion practices, stating, "B9 really no opportunity to get promoted unless it's 5-10 years." Despite these concerns, some users noted positive aspects, with one saying, "I've actually gotten good pay raises because of competition taking all our employees."