IBM is Failing, This Helps Show Wall Street is Entirely Detached From Actual Commercial Performance
Rallies based on bubbles and fraud
Yesterday we wrote about IBM layoffs, citing a recent discussion at thelayoff.com. "Last year they notified people the third week of September and their last day was in third week of October," a more recent comment said, followed by:
IBM tends to align RA’s with how the current quarters performance is going. Better quarters tend to have later and fewer reductions, and weaker quarters tend to have more and earlier reductions. Given that SW is booming, and infrastructure is in the early phases of the Mainframe business cycle, I suspect fewer and later reductions will be the norm. If you are looking for wild speculation, it would make sense for IBM to absorb infrastructure (remember doing better than expected) into consulting (running flat to actually shrinking). The net result would be a goose to consultings performance, PLUS you could PIP out the infrastructure overlap as consulting would su-k it up
There's also this new query about "Mainframe RA" (layoffs):
Some hours ago we began seeing several reports about IBM blaming the layoffs on "hey hi" (without any actual proof, unless the "I" stands for "India" as in offshoring, not intelligence, as slop lacks intelligence). The most recent such piece (there were about half a dozen this past week) said: "So far in 2025, IBM has laid off around 9 000 workers."
Probably a lot more. They just rely on slopfarms that talk about one particular wave while ignoring all other data points. It's possible that IBM laid off 20,000 people this year and hired cheaper replacements for only half (or less) of them.
Like Microsoft [1, 2], IBM is unable to grow, it's just constantly shrinking. █