I would say IBM needs to go down approx 100k. It gets them in the range of revenue per head count where most companies find efficiency including past periods of IBM. I have zero idea if 100k is in IBM’s plan, BUT they have certainly shown you the path they plan to take. OEM related services will be jettisoned, HW commodity like products will be sold, layoffs/redundancy’s are already happening, and SWG sellable products have been sold/spunoff. There are most likely other “hybrid” parts of IBM that don’t fit nicely into the Cloud/Cognitive future. The low profit part of GTS (mostly relocated to India) seems to be ripe for some re-org action as the IBM burden put on their division (25-30%) has already made them profit neutral. Ginni calls them empty calories. They fulfill a very needed service for IBM, BUT why own/manage it, when you can joint venture it off, and pocket revenue from the backlog they are carrying
Originally posted by @ZvbFBuZ-1mox.