MacMusic  |  PcMusic  |  440 Software  |  440 Forums  |  440TV  |  Zicos
ibm
Search

IBM Cuts 3,900 Jobs

Thursday January 26, 2023. 04:15 AM , from Slashdot
IBM on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter. From a report: Chief Financial Officer James Kavanaugh told Reuters that the company was still 'committed to hiring for client-facing research and development'. The layoffs -- related to the spinoff of its Kyndryl business and a part of AI unit Watson Health -- will cause a $300 million charge in the January-March period, IBM said.

Read more of this story at Slashdot.
https://slashdot.org/story/23/01/26/0315208/ibm-cuts-3900-jobs?utm_source=rss1.0mainlinkanon&utm_med...
News copyright owned by their original publishers | Copyright © 2004 - 2024 Zicos / 440Network
Current Date
Mar, Fri 29 - 02:30 CET