IBM will be splitting it’s business in two. The outsourcing arm of IBM, Technical Support Business, has 90,000 employees. At least for now, as analysts are saying that they could downsize by as much as 20% in this refocusing. Of course, the people at the top say it’ll be good for customers, investors, and employees.
Analysis IBM will push through a major restructure at the IT outsourcing business it’s spinning off, with 20,000 or more staffers facing the chop, an analyst estimated.

The Global Technology Services (GTS) division, minus a few elements, will be carved out into a separate public company. For now it’s called NewCo, though IBM CEO Arvind Krishna said in a conference call with stock-market analysts last week, when the deal was announced, that a new name will be sought.