An exec just said blatantly in a pretty large all-hands call (sales/tech sales) that there is currently a right-sizing exercise going on in IBM and it will affect everyone (all orgs).
No other details given, other than it will be discussed in each individual group in the org with the managers. The whole thing sounded pretty depressing, the exec even say it hurt their heart and will create gaps in the organization and hurt our ability to sell. Sounded like it's in the works now and imminent.
The call was to discuss the new organization and it was clear that some first-line managers had very 'light' teams so I'd expect some of them to go as well as further consolidation as us worker bees get cut too.