VS did not work. So they are moving HARD to cut heads, deep and wide...
No expressions of Interest (EOI) submissions have been received and I can confirm to you… that we have not been able to meet our business objectives through the voluntary separation programme. As a result, it is now necessary to enact individual redundancies.
El Reg covered it here:
https://www.theregister.co.uk/2018/04/18/ibm/