An interesting point made in the article about stock price, in the months since this article was written....the price has gone up, and continues to go up. I'd say to the casual observer: dig deeper there is definitely more to this story that will lend to its credibility.

Its mostly true, and its not a secret if your work within what is left of IGS. Off-shoring is openly associated both positively as a tremendous (albeit, unstable) cost saving method and negatively for its continued impact on job security within the once great IBM. Job security lies in non-technical positions that need to be US-based in order to maintain overall business controls domestically. On the other hand, purely technical positions are certainly considered more easily "off-shored". Job security appears to be greater in orgs that profit from external sources (i.e. customers), as opposed to orgs who do not (those who "profit" from internal sources - i.e. get paid internally and therefore do not actually make any actual profit). Most of the "internally profiting" orgs function to reduce costs for the externally profiting orgs (which is why the "internally profiting" positions are more likely to be off-shored: keep in mind, off-shoring is a drastic cost reduction method itself).

Also, a strategic shift has been announced internally, instead of being a company who's identity stressed services, the company will now focus on software. Now that's a 180 degree turn. It appears that the company has made a rather large mistake with its services strategy, and is attempting to re-plot onto a steadier course, however in the meantime there will be more instability with identity and therefore more instability on all levels.

Expect more drastic changes.