A registration is required to access all of it, but here's the relevant highlight (lowlight):
"As always, we'll look for more productivity in our spend base, especially in our Services business, where we'll continue to remix our skills to new opportunities."
. . .where we'll continue to remix our skills to new opportunities. -- Good ol' IBM code-speak for a re-org. coupled with an RA, with both very likely to be significant, given this was in reference to the entire Services organization.
https://seekingalpha.com/article/4138552-international-business-machines-ibm-q4-2017-results-earnings-call-transcript