Perhaps the author of this article should layoff the eggnog.
https://www.fool.com/investing/2017/12/23/ibm-unveils-futuristic-new-growth-driver.aspx
"IBM CEO Ginni Rometty is also paring overhead. Though its spending was flat last quarter, her company has shaved 8% off its total expenses in 2017. The good news is cutting costs clearly hasn't hindered IBM's research and development efforts."
Seriously!?