As lots of people know that IBM gets 21 consecutive revenue decline and it's forced to cut down cost. But cutting down cost doesn't mean you should shift your development work to under qualified developers or programmers. This will further affect IBM's software quality and hurt its revenue. Why not putting the money hiring less but good developers. If you are a developer, you would find what that feels like to work with under qualified developers.
To be honest, have you heard about any impressive software product or solution from IBM in recent years? I would blame this to a short-visioned management team. Maybe its management team is thinking they could hire more below averaged developers with the same money of hiring one good developer in hoping that quantity can cover quality. In fact that's totally wrong in technology field.
Moreover, those talented technical people are escaping because they are not getting what they deserved. The management team is investing far less in technical talents than in so-called business. The end result is that the product quality will become worse and worse and customers would finally give them up.
While other companies are attracting talented IT people by all means, IBM is lost and it's driving them away.