Layoffs, Consolidations & Charges
It is too soon to know what actions IBM will formally endure during this process. The press release
noted that IBM will take action to simplify and optimize its operating model for speed and growth.
Specifically — streamlining its geographic model; transforming its go-to-market structure; and
continuing to consolidate its shared services. The goal is to have “an enhanced financial profile
with a clear trajectory for improved revenue and profit growth.”
These are buzzwords for layoffs (see below), office closures, eliminating or reducing lower margin
projects and so on. All of this comes with charges and disruption, even if it is a move to get ahead
down the road. Those charges have been estimated further in this article.
Prepare for carnage.
https://247wallst.com/technology-3/2020/10/08/8-major-concerns-about-ibms-break-up-path-into-2021/