Bloomberg reports that the layoffs are meant to help cut costs in the services unit that the company is expected to spin off.
https://www.neowin.net/news/ibm-to-reportedly-cut-10000-jobs-from-its-it-services-unit-in-europe
IBM is reportedly planning to cut 10,000 jobs in the European region that will affect employees in the company’s legacy IT services business. The decision was supposedly announced in a meeting with European labor representatives earlier this month. The change will reportedly affect close to 20% of employees in the region, with staff in the U.K. and Germany set to be impacted the most.
Bloomberg reports that the layoffs are meant to help cut costs in the services unit that the company is expected to spin off. The firm is supposedly planning to focus on its “hybrid-cloud computing and artificial intelligence unit” that will help bring revenue growth. The report adds that the company has already been laying off employees this year but has not disclosed any numbers....