May be some divestirures which would reduce the number of employees, but not layoffs., at least not at the bottom. IBM has already cut to the bone the people who are actually bringing in the revenues. As an example the various Lab Services teams have been cut to the bone to the point that we no longer have enough people to respond to customer needs!! Some teams have been begging to hire more people but Ginni and her useless team of managers keep on saying no. This is one more evidence that the so called leaders of this company don't get it or their agenda is to completely destroy this company.
What @YDcGR0A-5wgv said.