IBM is executing a few thousand "Resource Actions" as they like to call them
That's almost as good as "workforce asset reallocation."
- good luck!
My only advice from my limited "workforce asset reallocation" experience (laid off twice by the same newspaper in 1991, in August and November) is to keep in touch with friends/colleagues/relatives etc. by whatever means you prefer (e-mail, texting, LinkedIn, Facebook etc.). I actually had NONE of those options in 1991. I did spend a lot of time calling people.
I was out of work about 6 months. What I found helpful was to spend a lot of time in the public library a few days a week. I think it helped just being around people, and having a routine. It was tempting to play my Sega Genesis 8 hours a day, but not really conducive to my mental health.
My 1992 job came from applying to the same place my brother worked at in 1985-1987. I helped an out-of-work friend get a job at the same place early the next year.
My current job that I got in Oct. 2006 came my way because of someone I worked with for a matter of weeks in summer 1990 but who had good memories of me. We didn't keep in touch at all, but his wife invited me to a surprise b-day party for him in spring 2006, which seemed to refreshen his memory of me.
It might well have been 25 years since I got a job without some sort of personal connection like that. Life is funny-strange that way.
Which goes back to just keeping in touch with people. And I wouldn't necessarily recommend telling them "hey, I need a job." Just, this is what's happening with me, what's happening with you?, etc. Sometimes job leads come from unexpected places.