IBM's Debt Rose by Almost 10 Billion Dollars in the Past 6 Months Alone
The "hey hi" circus is coming to an end
Just updated with end of June figures:
Maybe it is time for Arvind to be "rotated" away (another CEO) or to rotate the buzzwords to "full swing" Quantum, right?
IBM is a very dysfunctional company. To maintain the appearance of revenues being OK it bought the revenues of other companies (at a huge cost; the profits are pumped into acquisitions and debt soars) while also laying off "expensive" workers (salaries are a "cost") and hiring nothing other than cheap labour - if any at all - to replace them. The same is happening at Microsoft by the way.
Even their own workers poke/have fun. Their employer or former employer is a joke to them. █
