It seems like people in power are sleep walking thru p10 waiting for the big shoe to drop, every year for the last six years power has had layoffs and with the big changes at ibm taking place everyone is expecting something big and ugly.
The only reason to keep power is to help with the chip development of Z chips where power is a test vehicle for Z silicon.
Power development is primarily in Austin, a red hot tech market, no idea why anybody in Power Austin Is not actively looking. I guess the older crowd which is a large part of the chip designers are hanging around to retire vs trying to start over. The younger ones might just see power as a place to learn some chip design skills and then jump which is common in that age group. No idea why anyone in their 30s and 40s would stay since power will be gone before they hit 50, unless they can not find a job outside Ibm due to lack of skills.