It's Not "AI", IBM is Collapsing Due to Financial Difficulties, "All Small Country Offices Will Close"
People rightly point out that code automation and conversion tools are not new and calling them "AI" (for hype's sake, mostly plagiarism and mislabeling) does not really mean anything substantial to IBM:
Ignore the storytelling from Rob Thomas and all those diversion tactics.
As we pointed out at the time, IBM's shares collapsed before the superfluous COBOL claims; it wasn't long after accounting scandals at an IBM shell, connected to IBM's current CFO. There is meanwhile another set of comments about office shutdowns and layoffs at IBM: "All small country offices will close , no need for offices remember this is the cloud an AI era 4-5 european offices to remain all the rest via partners" (we saw this claim before).
"I heard there's going to be a massive RA in the US and Europe at the end of," says the latest comment, which does not specify a year/month. We wrote about this earlier today (in the morning).
IBM is in trouble. Insiders know it.
This house of cards cannot remain standing for much longer. █
Earlier today: IBM Union Says Many IBM Layoffs in Europe, With Netherlands and Belgium Confirmed, Allegedly Italy Soon (200 Layoffs)