IBM becomes the latest tech firm to announce it is trimming staff, joining titans such as Amazon and Google
NEW YORK: IBM will slash some 3,900 jobs, slightly more than one percent of its workforce, related to businesses it has divested, a source close to the matter told AFP on Wednesday.
The computing company based in New York state did not talk of job cuts in its quarterly earnings report published Wednesday, however, nor in a call with analysts to discuss the financial results.
IBM said it would take a one-time $300 million charge in its first quarter this year, which the source said was related to the layoffs.
This cost is “entirely related” to the spin-off of Kyndryl and the disposal of health data and analysis businesses,…
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