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@ 2023/01/27Still fires more workers
Biggish Blue announced that its operating profits and revenue met analysts' expectations, but the outfit said it would still fire 3,900 workers because that is what everyone is doing these days.
This number is equivalent to about 1.5 per cent of IBM's global workforce, although the company has been off-loading a lot of staff these days and spun off so much of its business, we wonder if there is anyone still left in head office.
IBM insists the job cuts are because of its earlier asset sales instead of a weakness in its business. In 2021, IBM spun off its managed infrastructure services business Kyndryl into a separate company. More recently, the firm sold off its Watson Health analytics business to a private equity firm.
Biggish Blue announced that its operating profits and revenue met analysts' expectations, but the outfit said it would still fire 3,900 workers because that is what everyone is doing these days.
This number is equivalent to about 1.5 per cent of IBM's global workforce, although the company has been off-loading a lot of staff these days and spun off so much of its business, we wonder if there is anyone still left in head office.
IBM insists the job cuts are because of its earlier asset sales instead of a weakness in its business. In 2021, IBM spun off its managed infrastructure services business Kyndryl into a separate company. More recently, the firm sold off its Watson Health analytics business to a private equity firm.
