I am certain IBM will have a massive "reconstruction" coming. They will probably come up with some other way to label it to confuse the enemy, but at the end of the day nothing is new under the sun. I guess we we learn more soon, and probably the 24th?
[post ID @1hfw+1eQxErgf]
Suddenly I hear rumors that huge changes are coming, and here I see that someone has written about it. Am I missing something?
@3krn+1eRm7FSc, that makes sense why MF is now a chairman of GBS.
There is zero chance IBM sells GBS Downsize GBS sure (dump non-strategic industries), but sell off NO WAY
Hearing that after GTS/Kyndryl, now GBS is about to be divested or spin-off. Only Cloud/AI to remain.
Our group is selling more mainframe software and hiring new people.
What’s left to restructure? Our legacy software portfolio that we just keep renaming and repackaging. Our power, Aix and mainframe systems that everyone is decommissioning? Our cloud that nobody uses, or our GBS services group that barely makes a profit?
@1xad+1eRm7FSc as a result of acquisition, reclassifying SW sales, and contract renewals. There is no real growth in Consulting.
Revenues are growing. In consulting at least.
No, you are no missing anything. IBM needs to get rid of more people because revenues are declining. So layoffs are coming.