Were you on a CAMSS team? That seems to be the best area inside of IBM right now as it's a strategic growth area. This includes the Watson PS team I'm on.
As an IBMer, many of the complainers I've heard and much of the heartburn around layoffs come from outside of CAMSS. It's like folks at Apple complaining that the iPod team isn't treated as well as the iPad team. Of course, your group isn't making money.