IBM reviews

no pay rises, redundancies every 6-8 months, depressed morale, lip service only paid to flexible working, annual appraisal process used to bully people to leave, colleague with 15 years continuous service put on a performance improvement plan because of 4 weeks on the bench

As much as the company was ahead of its time in many areas: cloud, social, mobile, and open source, it didn't do enough to make a lasting impact in the industry. There are smart, strategic IBMers who had long identified those up-trends. But senior management hung on to status-quo, focusing on mainframes, middle-ware, and once high margin hardware business. There is little to no career development. Most people are "tenured" are staying to retire. Executives are compensated based on earnings per share. This inherently steer them to cost cut in places where it matters most: high quality hires, education, and technology investment. Short-term gains and complacency lead to long-term decline of the company. Most executives are just waiting for retirement, leaving a shadow of a company that IBM once was.