IBM Laid Off Around 3,900 Workers As Part of Company Spinoffs And Sales
Even the tech industry’ longest living legacy brands haven’t been able to escape the recent tech downturn unscathed. IBM, founded in 1911, announced layoffs impacting 3,900 employees or around 1.5% of its global workforce in January.
The New York based tech giant tried to distance its flavoring of layoffs away from others, arguing its cuts were related to the recent spinoff and sale of two of its businesses, Kyndryl and Watson Health. James Kavanaugh, IBM’s CFO, told Reuters the firm is, “committed to hiring for client-facing research and development,” despite the cuts.
