IBM confirms layoffs are happening, but won’t provide details – TechCrunch
IBM confirmed reports from overnight that it is conducting layoffs, but wouldn’t provide details related to location, departments or number of employees involved.
Patrick Moorhead, principal analyst at Moor Insights & Strategy, says he’s hearing the layoffs are hitting across the business.
It’s worth noting that IBM used a similar argument back in 2015 when it reportedly had layoffs.
IBM Cloud as IaaS is gone, Watson did not deliver and Blockchain is too slow to keep thousands of consultants occupied,” he said.
IBM was probably due for a workforce reduction, regardless of the current macro situation, as Krishna tries to right the financial ship.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
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