The wave of layoffs in the US technology industry continues to spread, and IBM announced that it will lay off 3,900 people.

(Reuters file photo)

[Financial Channel/Comprehensive Report] American technology giant IBM announced on Wednesday (25th) that it will lay off 3,900 employees, about 1.5% of its global workforce, but the company said it still hopes to recruit talents in sectors with strong growth.

The wave of layoffs in the U.S. technology industry continues to spread, and more and more companies hope to optimize operations and save costs in the face of economic downturn.

James Kavanaugh, IBM's chief financial officer, said that the layoffs are mainly concentrated on the remaining employees after the spin-off of Kyndryl, an infrastructure services business, and Watson Health, a health care business, and are expected to bring about an additional $300 million (approximately NT$9 billion). loss.

Please read on...

IBM's layoffs accounted for only 1.5% of its global workforce, and Investing analyst Jesse Cohen said the market seemed disappointed by the company's scale as investors hoped for deeper cost cuts.

IBM's revenue growth rate of 5.5% in 2022 is the highest in 10 years.

Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel

Already added friends, thank you

Welcome to 【Free Finance】

feel good

Already liked it, thank you.

related news