IBM's Debt Increased Over $5 Billion in 3 Months While IBM Laid Off Many in Europe, US, Confluent, HashiCorp, and Red Hat
Thousands of IBM workers were laid off this year, even if the media didn't cover those layoffs (IBM's CFO has already admitted this would happen). To put out there some examples: weeks ago, 400+ engineers of Red Hat got laid off with zero prior notice. Weeks earlier IBM fired 800+ Confluent workers. A month earlier mass layoffs at HashiCorp, which IBM mindless bought (overpaid for) just to gut. In addition to this, just over a week ago we discovered IBM had laid off hundreds in eastern Europe, having already fired many in western Europe earlier this year (the union knew these layoffs would come).
In spite of all these deep cuts ('expensive' employees), IBM's debt has exploded to 70 billion dollars in the first 3 months of 2026, as per IBM's official figures:
An increase of $5,000,000,000+ in debt in just 3 months!
The latest figures came out just hours ago, about a day after the phony results which sank IBM's stock.
It should be noted that IBM's current CFO created Kyndryl, a made-up company or subsidiary whose total "worth" is lower than its total debt. Dear SEC, please pay closer attention to IBM. There is probably no clearer example of financial engineering. █
