What is IBM? I jest of course, but I cannot remember the last time I saw any interesting news from them, and cannot remember the last time I saw any hardware, s

What is IBM? I jest of course, but I cannot remember the last time I saw any interesting news from them, and cannot remember the last time I saw any hardware, software or services with their name on it. Going by their numbers they are still a big concern, but what struck me was their number of employees - 380k! according to Wikipedia. With that in mind I'm not surprised they are downsizing. Profit per employee must be pathetic compared with peers.