Tech layoff wave: IBM to cut about 3,900 jobs
Shortpedia Content TeamThursday 26th of January 2023 01:20:00 PM | in business
Image Credit: FPJ
The International Business Machines (IBM) has joined the wave of companies conducting layoffs, saying it would cut about 3,900 jobs, the Wall Street Journal said. The job cuts will stem from Kyndryl Holdings, the IT services business that IBM spun off last year, and its healthcare divestiture, from which the company will incur about a USD 300 million charge, an IBM spokesman told WSJ.