Rumor has another round of RA in November, and then a re-organization and RA in January. Focus is likely to be on areas like world-wide technical sales, among other areas, and finally getting around to culling the managers, who are now managing fewer people, and reducing layers of management, which IBM has been criticized as having too many of.
There is also rumor that the 3-month 'zombie' period may go out the window, being cut to one month in the November RA to get people out the door before they qualify for the 401k match. Between RAs, other games will be played like 'relocate or lose your job'.
Other rumors are that IBM may take the Future Health Account money away, allowing them to recoup millions. Now that managers are getting cut, as in the last RA, they are beginning to speak more freely. Internally, there is a great deal of strife as this stress takes its toll on everyone. Sales people fighting with product management teams because they can't get the features that their customers want, and hence can't sell.
Sales and tech sales fighting with development teams because the products are so buggy they can't even be demo'd without embarrassments. Support under heavy stress and under the gun because of many bad production outages, such as the Australian census and blown payroll projects in Queensland and Ontario, although very few are made public since the companies affected don't want their customers to know the systems they use are unreliable and unsecure.
Executives are selling stock and bailing out. Ex-IBMers who are now at customers are poaching the remaining talent that IBM has, the ones they didn't want to RA, and they are leaving for greener pastures. It takes a long time for a tall tower to fall, as it leans more and more and eventually loses to gravity and its own weight. This is what it looks like when a dinosaur dies.