IBM to cut thousands of roles in focus on software growth, Bloomberg News reports

IBM cutting thousands of jobs in the fourth quarter

IBM recently delivered stronger earnings than expected, thanks to a 10% jump in revenue from software, meeting consensus.

IBM to cut thousands of roles in focus on software growth, Bloomberg News reports

IBM will cut thousands of roles this quarter while it continues to shift focus to higher-growth software and services, Bloomberg News reported on Tuesday. "We routinely review our workforce through this lens and at times rebalance accordingly," Bloomberg quoted a company spokesperson saying. "In the fourth qu

IBM to cut thousands of jobs in fourth quarter amid software focus

(Reuters) -IBM will cut roles this quarter, the company said on Tuesday, potentially impacting thousands of employees while it shifts focus towards its high-margin software segment, as Wall Street hones in on the company's ability to benefit from AI-linked cloud demand. "We routinely review our workforce … and at times rebalance accordingly," the company said in a statement. "In the fourth quarter we are executing an action that will impact a lo…

Thousands of jobs will disappear in the fourth quarter

Arvind Krishna, CEO of IBM, arrives for the inaugural AI Insight Forum at the Russell Building on Capitol Hill, Wednesday, September 13, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images IBM said Tuesday that it will lay off a small percentage of its employees in the current quarter. “In the fourth quarter, we […]

IBM plans to cut “a low single-digit percentage” of its workforce in Q4, affecting thousands of staffers; it employed ~270K workers as of the end of 2024

Top news and commentary for technology's leaders, from all around the web.