From: "John Beamish" 

And he doesn't like what he thinks is about to happen:

http://www.pbs.org/cringely/pulpit/2007/pulpit_20070504_002027.html

This is according to my many friends at Big Blue, who believe they are
about to undergo the biggest restructuring of IBM since the Gerstner days,
only this time for all the wrong reasons.

The IBM project I am writing about is called LEAN and the first
manifestation of LEAN was this week's 1,300 layoffs at Global Services,
which generated almost no press. Thirteen hundred layoffs from a company
with more than 350,000 workers is nothing, so the yawning press reaction is
not unexpected. But this week's "job action," as they refer to it
inside IBM management, was as much as anything a rehearsal for what I
understand are another 100,000+ layoffs to follow, each dribbled out until
some reporter (that would be me) notices the growing trend, then dumped en
masse when the jig is up, but no later than the end of this year.

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