I, Cringely » Blog Archive Not your father's IBM - Cringely on technology

http://www.cringely.com/2012/04/not-your-fathers-IBM/

This is my promised column about IBM — The direct impetus for this
column is IBM's internal plan to grow earnings-per-share (EPS) to $20
by 2015. The primary method for accomplishing this feat, according to
the plan, will be by reducing US employee head count by 78 percent in
that time frame.
Reducing employees by more than three quarters in three years is a
bold and difficult task. What will it leave behind? Who, under this
plan, will still be a US IBM employee in 2015? Top management will
remain, the sales organization will endure, as will employees working
on US government contracts that require workers to be US citizens.
Everyone else will be gone. Everyone.
---SPSmith