Reported about 5 hours ago
IBM announced it will cut thousands of jobs in the fourth quarter as it pivots towards its high-margin software sector. The layoffs are part of a strategy to adapt the workforce to the increasing demand for AI-related cloud services, although the company experienced a slowdown in growth in this area last month. Despite a potential impact on a small percentage of its 270,000 employees, IBM stated that overall employment levels in the U.S. should remain stable.
Source: YAHOO