IBM to lay off almost 4,000 employees

10:26 - 26 January 2023

January 26, Fineko/abc.az. IBM intends to reduce its staff by 3,900 people.

ABC.AZ reports that 1.5% of employees will leave the company.

The layoffs will mainly affect those who worked in the Kyndryl and Watson Health divisions, but after their separation and transformation into separate companies remained working at IBM.

The reduction of such a significant number of employees will cost $300 million for the tech giant.