IBM does well

Stefan Mileschin · 27th January 2023, 10:28

Still 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.

https://fudzilla.com/news/56218-ibm-does-well

27th January 2023, 10:28	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,797	IBM does well Still 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. https://fudzilla.com/news/56218-ibm-does-well