IBM announces layoffs, the first under new CEO – MarketWatch

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IBM announces layoffs, the first under new CEO – MarketWatch

The Wall Street Journal

Unspecified number of jobs to be cut in move aimed at creating more agility

IBM’s logo is displayed in front of its facility in Yorktown Heights, N.Y.


Bloomberg News

International Business Machines Corp. is cutting an unspecified number of jobs in the first major workforce reduction under new Chief Executive Officer Arvind Krishna, who is trying to revive growth at the tech company.

Armonk, N.Y.-based IBM
IBM,
-1.86%

said the cuts are aimed at making it more agile, but they come against the backdrop of a major economic slowdown triggered by a coronavirus pandemic that has caused many of its customers to dial back investments and hold off on big software deals.

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