IBM is the latest Western firm to retreat from China ...Middle East

By Juliana Liu and Joyce Jiang, CNN Hong Kong (CNN) — IBM is cutting more than 1,000 jobs in China, according to multiple state media reports, as geopolitical tension between Beijing and Washington prompts many global companies to reassess their future in the world’s second-largest economy. Relations between the United States and China have deteriorated over technologies like artificial intelligence (AI) and green technology, in part due to national security concerns. Some firms have quietly laid off or relocated staff. Yicai, a Chinese state-owned financial media outlet, reported on Monday that IBM (IBM) was closing its research operations in the country entirely. That included its C

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Last updated : 27 August 2024 clock 03:44 PM

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IBM is the latest Western firm to retreat from China ...Middle East

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