Thick severance packages and a fat stack of paperwork accompanying. I know two people that were "let go" from IBM in the past couple years. Entire departments are being killed off quietly.
Not too many of of those thick severance packages in the trenches.
Forget about departments, entire divisions are being done away with. My husband is now servicing clients he had when he was with IBM. One of the reasons he is no longer with IBM is they started ditching those clients leaving the field techs with no work.
i turned down a job offer from them in 1998. the had a contract with eckerds. something didnt feel right. a year or so later they lost the contract.