They used to just call it.... layoffs.
IBM Layoffs: Senior programmers, sales hit in ongoing “workforce rebalancing”
https://stlawyers.ca/blog-news/ibm-layoffs-senior-programmers-sales-rebalancing/
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This article lays out how management is viewing skills. It’s not about your education level anymore, BUT about your cost. IBM views AI as the great equalizer. Ever wonder why IBM says you don’t need a degree anymore? It’s because cost rules the roost
https://www.hindustantimes.com/business/ht-exclusive-whats-going-on-at-ibm-layoffs-hiring-ai-and-more-101727249879124.html
Unless you are a manager or executive, you won't see any workforce rebalancing in their ranks. But that doesn't mean they don't happen. On the contrary, managers and executives are "rebalanced" all the time. Sometimes they are RA'd, sometimes they are fired outright, and sometimes they are just demoted (manager to non-manager).
Workforce rebalancing = yet another cover-up buzzword from the spin doctors @IBM
How come you don't see any workforce rebalancing for middle and senior managers and executives ?