US tech company IBM announces job cuts

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IBM

The US tech group IBM is also feeling the effects of the global recession.

(Photo: dpa)

Armonk The US tech group IBM has announced extensive job cuts in the corona crisis. The decision was probably a unique and difficult situation for some employees, a spokesman for the company said on Thursday (local time) in a statement. The company had to remain flexible in the highly competitive market in order to be able to recruit highly talented workers at all times, and the group’s decisions were in the interests of the company’s long-term well-being.

The tech industry has also slipped into a crisis as a result of the global pandemic. Companies like Airbnb and Uber have already fired about a quarter of their workforce. The previous Thursday, Hewlett Packard had announced job cuts while Dell Technologies is suspending several personnel benefits.

The company, which is based in Armonk, New York, did not provide detailed information on how many jobs IBM plans to cut. However, there are likely to be thousands of jobs, as the “Wall Street Journal” (WSJ) reported, citing corporate circles. At the end of last year, IBM had just under 353,000 employees.

More: SAP chief overseer accounts with ex-CEO Bill McDermott.

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