It's the first workforce reduction under new CEO Arvind Krishna.SVP and Director at IBM Research Arvind Krishna speaks on stage during the 2016 Wired Business Conference on June 16, 2016 in New York City.is cutting an unspecified number of jobs, making it the first workforce reduction under new Chief Executive Officer Arvind Krishna.
"IBM's work in a highly competitive marketplace requires flexibility to constantly remix to high-value skills, and our workforce decisions are made in the long-term interests of our business," IBM's Edward Barbini said in a statement.Wall Street Journal reported it will affect several thousand employees. IBM had more than 350,000 full-time employees as of the end of 2019, when it reported its last official employee headcount. Due to the pandemic, the company will be offering subsidized medical coverage to its affected U.S. employees through June 2021.
The job cuts were in the works for a while, the company said. In both its Q4 2019 and Q1 2020 earnings call, IBM said it could take additional structural actions that could lead to cost savings. IBM also has retraining and education programs for employees to learn skills for new areas the company has targeted for growth, like cloud computing and artificial intelligence.
TylerHLy
Biggest failure of any ceo - job cuts.
Wonder how many IBM H1B's be cut? IBM India is now bigger than IBM U.S. - Fitting an Indian National takes over the company. GOP TheDemocrats continue to sell out Americans in the name of $$$ and cheaper labor. MassGovernor do you know how many losing jobs in MA? mapoli
Τo fire employees. Nobody can cut a job
For the first time ibm seems to have some direction!?
poor guy is just cleaning up Ginny's mess...
When this is all over and the GOP Nazi nuremberg trials are done. I m gonna be the the Nazi GOP Hunter. The ones that got away. I m gonna hunt down like animals and make them pay with their lives.See how they like it.