Comment Don't believe this for one second. (Score 4, Informative) 42
Just last week, we received notification that IBM is rolling out a "program" to upper-level employees with decades of experience. The idea is that we would work reduced hours for the next year at full pay, and then leave IBM after a year (next March, I believe.)
Of course, this is for US employees only. I think we can be sure that the replacements for these employees (if there are any) won't be in the US.