Employees who took the IBM Separation Allowance Plan used to get 6 months pay. Now it's one month.
Latest from Larry Dignan
Like previous quarters, hardware remains a sore spot for IBM. However, the company delivered better than expected earnings and sales in the second quarter.
IBM sheds a bevy of call centers as Synnex buys Big Blue's customer care unit for $505 million.
IBM historically doesn't break out its cloud computing revenue, but has targeted sales of $7 billion a year by the end of 2015.
In IBM's fact sheet on the overhaul, the company made it clear that it was going after EMC, NetApp and HP.
IBM has acquired Vivisimo, a privately held enterprise search and discovery software player.
IBM's PureSystems are expected to drive revenue in the years ahead. The numbers in future quarters will tell the tale.
Hardware and software gains are expected to propel IBM's first quarter. The services unit results will be closely watched.
For Big Blue, the Middle East is one of its growth markets along with the typical BRIC countries (Brazil, Russia, India and China).
The new software is designed to integrate with big data systems, compress data and provide quick data warehouse querie