IBM declares it's the 'backbone of the world's economy'

IBM believes it is "the backbone of the world's economy" and has told its services staff to hold their heads high and behave accordingly as the company rolls out new services offerings it hopes will let it dodge the implosion of outsourcing. But the company's plans are far from finished and staff have been told to be patient …

[Anonymous Coward]

IBM declares it's the 'backbone of the world's economy'

Actually I thought they were pretty spineless.

[Bob Vistakin]

Why the obsession with watching them circle the drain?

It was game over a decade ago. All the smart one's who could, got out back then.

Now, all the work it will do for it's customers will be from countries President Trump has a special word for.

[WinstonF]

Big Blue is DONE.

Buffett gambled on IBM, I heard he's got out all except a couple of pennies. Big Blue is finished, when you got freaks who know nothing about tech and only focused of share options and bonuses, running a tech company, it's pretty much GAME OVER.

[Anonymous Coward]

Not quite yet. IBM is still a large, profitable company, with $79bn of sales and $5.7bn NET profit in FY17. It may not be growing as the Street demands but it isn't going to disappear overnight.

The denouement to the IBM story, along with that of other tech giants in similar positions, will take a few years to play out.

[Big Johnson]

BLAH BLAH BLAH !!....way too little...way to late.

Just another RA in sheep's clothing. They have been spitting 'the value is in our people' crap for years.

They are being sued at record levels....2018 annual report....and offering parting gifts to clients they lied to.

They have cut all field selling resources to the point where very large accounts don't even get called on.

They shuttered all their field offices the past 10 years.....IBM employees are lost. The inflection point has arrived as the average tenure of former GBS consultants is now less than 3 years. Not sure c-suite executives listen to snot nosed kids...smart or not.

Cloud delivery has crushed this company. They failed to respond under Palmisano has he was purely focused on revenue at any cost...as was Steve Mills and brushed aside the notion that off-prem computing would be a market. This could very well drive them into a takeover by Apple.

[Anonymous Coward]

Love you AWS

If AWS had published a similar article, The Reg would have given it a big thumbs up #justsaying