https://www.bloomberg.com/news/articles/2025-11-04/ibm-to-cut-thousands-of-roles-in-focus-on-software-growth
By: Brody Ford
November 4, 2025 at 12:31 PM CST
International Business Machines Corp. will cut thousands of workers this quarter while it continues to shift the focus of its business to higher-growth software and services.
“We routinely review our workforce through this lens and at times rebalance accordingly,” a company spokesperson said. “In the fourth quarter we are executing an action that will impact a low single-digit percentage of our global workforce.”
IBM shares have climbed this year on investor enthusiasm for the software business, which is fueled by acquired divisions Red Hat and HashiCorp. Chief Executive Officer Arvind Krishna has pushed the unit to become IBM’s largest business, especially as the consulting division has been buffeted in recent years by customer concerns about the overall economy.
The company employed about 270,000 workers as of the end of 2024. Some US workers may be affected by the job reductions, but employment in the country is anticipated to remain roughly the same year over year, the spokesperson said.