Has anyone heard anything on the co-location initiative happening at IBM?

Per multiple members of management and our Director of Digital Sales for NA, IBM is looking to co-locate teams. I am a remote worker and this basically means that in order for me to keep my job, I'd have to move 1500 miles away to work from an IBM office. I couldn't just report to my local office which is a 30-min drive from my place. Furthermore, IBM isn't hiring anymore (so I've been told) remote workers or people who aren't willing to relocate to whichever office their potential team would be working out of. Just wondering if anyone has heard a timeline on this or have any additional news.