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I worked at IBM as a contractor (More than 8 years)
Telecommuting used to be a perk, but with forced, unfunded relocations to sites IBM apparently intends to keep open only a short time, there really are no pros.
Everything. I was promised direct hire but it never materialized. They cut my pay.
Advice to Management
Stop shedding western talent for short-term profits. IBM may already be lost, but if it isn't, you may still have a chance to recover. Rehire those in the west, eliminate the PBC system, eliminate incentives for management based on short-term profit, restore telecommuting, eliminate the GDFs, stop punishing employees for doing what management tells them to do.