The money saved with the RAs will help fund more acquisitions like this one today.
https://techcrunch.com/2024/09/17/ibm-acquires-kubernetes-cost-optimization-startup-kubecost/
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IBM's strategy seems to be to buy companies, promise they'll synergise with IBM's offerings and before the next set of disappointing results demonstrate that they didn't, to buy someone else and try to hype that purchase off whilst shoving the old one under the carpet.
It's a misdirection game that would make any street-huckster running a cup-game blush. Keep giving the dividend, keep that institutional cash, and keep this nonsense up to stay in a C-suite job. As for the rest of us... well... it's less good.
IBM has adopted “buying innovation”, rather than developing it in house. The bean counters have decided it’s more profitable to overpay for innovation, but make it up on worldwide distribution and legacy layoffs.
IBM buying companies = inflating an already fake "market cap", pretending to be rich
Also, debt-loading: https://www.investopedia.com/terms/d/debt-loading.asp
IBM debt: 60 billion https://finance.yahoo.com/quote/IBM/key-statistics/?p=IBM
Amount of money IBM can raise by selling assets: 13.6 billion
Do the maths...
$4.3 billion along with the others spent buying companies, more debt The RA's won't save that type of money it will cause more RA's and offshoring more jobs