I'd agree that there's plenty of competition out there for bad employers
Maybe IBM stands out as they had the history of being the "job for life, benevolent employer, in IT"
The name carries a lot of baggage with it - they were never really a dot.com darling, nor a bonus-shitting FANG today. But neither were they considered an off-shore-centred, body-shop.
They held the position of being the sensible, small-c conservative, back-bone of IT - makers of both mainframes and the thinkpad you wanted in your bag.
A partner that would outlive you the customer - a safe pair of hands.
My feeling is that all these stories about "IBM being dicks" are really just shorthand for "the old industry being dicks"