IBM -- the new Unisys
Once you navigate your way through the fog and obfustication of IBM's financial reports it becomes pretty clear that the only real profits are from z/OS mainframes and the associated software and facilities management.
So they are firing the expertise running the only profitable operation -- duh.
They have invested heavily in Watson -- no profits (and very few paying customers) so far.
They are investing heavily in Blockchain ( the worlds most successful snake-oil brand.).
Oh and they make a lot of noise about cloud computing. Where they have lots of customers. Customers like me who spent 20$ in 2011 on a DB2 benchmark and have spent nothing
in the last 7 years -- but cannot find any way to close my customer account.
At least Unisys faded gracefully milking there DOD accounts.