This guy IBMs.

The article references a quote from the CEO where he says very distinctly that he feels IBM is doing "better" than other tech companies because it is in fact a totally different business model, focusing solely in B2B, and no longer conducts business with direct consumers.

Making it a tiny bit less susceptible to consumer shifts. (Everything eventually rolls up).

And all layoffs are in relation to subsidiary business spin offs.

Not making light of layoffs. But this really should be in a different group of tech companies as far as layoffs go, and not lumped into Google and Facebook, etc.