So, battle royal at IBM.

IBM says it's giving employees the opportunity to 'compete for positions' | ZDNet

Reports indicate Big Blue could be letting go thousands of staff, globally.

When this guy took over IBM, I called him the ax man. I did sob because that is why they change CEOs during bad times. He takes the hit and the  golden parachute and  someone else comes in after all the pain to save the  day and  run the leaner meaner business.