Here is a reason why layoffs will only continue and why Ginni the Eagle is still not fired from IBM. Mark Fields (Ford CEO) who is on the IBM board does the same stuff (see link to article below). Brace for impact fellow IBMers, it is only going to get worse.
https://www.fool.com/investing/2017/05/16/why-ford-needs-more-than-job-cuts-to-boost-its-sto.aspx