No one working at IBM (NYSE: IBM), hoping to work there someday or following the company as the barometer of the global technology business sector should be surprised if Big Blue begins another round of layoffs in the near future.

To replace FTEs, or full-time employees, IBM reportedly is looking to hire contractors and temps, the Reuters news service says.

The goals: Cut costs and speed up project work.

“Internally the restructuring has been dubbed ‘Generation Open’ and staff that work for IBM on projects but are not full time are called ‘liquid players,’ according to an internal document seen by Reuters.”