IBM has been a dead man walking for decades.

If the goal is functional software you're right.

However there are two goals at IBM: planet scale patent portfolio and satisfying the letter of their contracts at the Lowe's possible cost.

If they can find a way to get paid without staff they'll be delighted.

Unfortunately their core competency is hiring 20x as much staff as needed for a job, at the Lowe's quality they can achieve.