The firm joins other tech giants such as Amazon, Meta and Microsoft, which have also laid off staff in the face of the global economic crisis and a return to pre-pandemic lifestyles.
The multinational company International Business Machines Corporation (IBM), an American computer giant, will cut some 3,900 jobs related to the activities it has liquidated. This is more than 1% of your workforce.
However, during the quarterly earnings report and in the call with analysts to discuss financial issues, the computer company did not mention the job cuts it will carry out. But he indicated that he would assume a one-time payment of US$300 million in the first quarter of 2023, this amount according to the AFP media, is related to the layoffs.
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This cost is “fully related” to the spin-off of Kyndryl and the divestiture of the healthcare data and analytics businesses, an IBM spokesman explained. “It is not an action based on the results of 2022 or the expectations for 2023,” he added.
The technology firm registered a profit of US$2.9 billion in the last three months of last year, 17% more than in the same period in relation to 2021, despite the fact that revenues remained flat at US$16.7 billion.
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In addition, the company announced that late last year it invested $20 billion in semiconductors, quantum computing, and other cutting-edge technologies in New York state.
In this way, IBM joins other technology giants that have laid off their workers to face harsh global economic conditions and a return to a pre-pandemic lifestyle, less dependent on digital services.
Among the companies that have had their staff cuts are Amazon, Meta, Microsoft, the parent company of Google and Alphabet. For the most part, these changes came as companies are hiring heavily during the pandemic to meet growing demand.
Source: Larepublica
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