Rumour: IBM Mass Layoffs Even in Sri Lanka (Where Labour is a Lot Cheaper)
A couple of hours ago: (qualifies as unverified or unconfirmed rumour because IBM keeps the mass layoffs secret using NDAs)
Yesterday:
Workforce in Sri Lanka is not expensive, so if IBM has cuts there too, that's a sign of trouble. As for the firm named above (McKinsey), IBM turned to it for Red Hat layoffs, so that's another bad sign.