2023-01-26 02:25:52

IBM Plans To Cut About 3,900 Jobs : Reports

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Nasdaq
By Rtt News

(RTTNews) - International Business Machines Corp. (IBM) plans to cut about 3,900 jobs or about 1.5% of its global workforce, according to several media reports citing a company spokesman's interview.

The spokesman reportedly said the job cuts are a final step after asset sales rather than a sign of weakness in its business.

The company reportedly expects to record a first-quarter charge of $300 million tied the spinoff of its managed infrastructure business, Kyndryl, and the divestiture last year of its Watson health-care unit.

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