Reply to post: Why bother?

IBM merges 13 APAC nations into one regional organization

Yes Me Silver badge
Meh

Why bother?

"well positioned to capitalize on the broader growth opportunities in the region."

Or, combining a few small markets into a slightly larger one to reduce overhead? It's clear that the AU/NZ markets are utterly different from the ASEAN market, so my interpretation is that this is a slowly dying company doing some necessary consolidation.

I haven't seen 2021 data, but for 2020:

IBM NZ reported sales of $210.6 million for the year to 31 December, down from $257.9 million. Profit before income tax nearly halved...
(and that's in NZ$, so about US$140M).

So, hardly worth the bother... (Australia is a somewhat better picture, but their net profit there was only AU$89.7M.)

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