Currently working in what some have called "crap" IBM. And you are describing the initial reaction amongst many of my colleagues. Except those in India. The general consensus is IBM will do as it has done for years. Instead of fixing problems and making things more efficient or better, the new "crap" IBM will simply ship allot more jobs to India to achieve profitability.
fwiw: I don't think there's necessarily a "crap" company coming out of this. That's what I was referring to when I said people will take a close look at the new leadership. Sometimes, a split makes sense. But, based on past experience, the balance of probability points to not getting a good leadership team, and things flow from there.
