Hallmark of a company in a state of disarray, trying to spend its way out of trouble
http://techrights.org/n/2025/04/25/IBM_s_Debt_Ballooned_by_8_5_Billion_Dollars_in_Just_3_Months.shtml
3 replies (most recent on top)
IBM will soon chop one of its limb to pay off for its misguided policy. The vultures are circling around the POWER product line.
Instead of paying back the debt (with huge interest on it), AK has been busy buying revenue by scooping up other companies, staff, while laying off his best (most "expensive") staff. Other companies tried this before and they don't exist anymore.
https://en.wikipedia.org/wiki/HashiCorp
"The deal closed on February 27, 2025 for $6.4 billion after receiving the necessary regulatory approvals."