IBM explains massive job cuts ...News

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IBM explains massive job cuts
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The company says its move is a result of asset sales rather than a sign of weakness in its business IBM Corporation has joined the wave of layoffs by tech giants saying it will slash some of its global workforce. The company described the move as being mainly a result of earlier asset sales. The announcement came on Wednesday during a conference call when the company revealed it will cut 3,900 jobs or about 1.5% of its employees worldwide.    IBM explained that the layoffs were related to the previously announced spinoff and sale of its Kyndryl business and a part of AI unit Watson Health, and will cost the compan

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