Thursday, January 26, 2023

IBM Announces 3,900 Job Cuts - The New York Times

IBM Announces 3,900 Job Cuts - The New York Times

IBM Announces 3,900 Job Cuts

The company said the layoffs were a final step after asset sales rather than a sign of weakness in its business.

The white IBM logo against a blue background.
IBM said it would take a charge of $300 million to pay for employee severance costs.Lucy Nicholson/Reuters

IBM joined the wave of layoffs by technology companies on Wednesday, saying it will shed 3,900 workers.

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