5 years later, IBM has a few containers (physical containers) in this company's parking lot, adapted as offices, full of engineers doing maintenance and new features on the Clipper code base.
The truth is, IBM has been bean counted to death. Their turnover rates are incredibly high, employees have to deal with utilization targets that they can't meaningfully do anything about and lines of communication are incredibly dysfunctional. Their global headcount has been quietly but steadily declining since the dawn of the 2000s and their whole EMEA business is riding on having good ties to the right people in the public sector.
The result is that IBM's customers are increasingly unhappy. I do not see how this company is going to survive in its current form.