IBM, one of the biggest names in the technology world, joined the mass layoffs. But the rationale isn’t the same as other tech companies.
Companies that have been recruiting and growing rapidly with the momentum they have gained in recent years have begun to bleed in recent months. Finally, one of the world’s largest technology companies IBMannounced that it will lay off thousands of employees.
In the statement shared by the company, the total 3,900 employees It was stated that he would be fired. The number corresponds to 1.5% of the company’s total workforce. But the layoffs have a different motive than other tech companies.
The layoff is a reflection of the departments the company previously sold to:
IBM had terminated its ‘legacy services’ business in 2021 to focus on cloud technology. It also sold the Kyndryl and Watson Health divisions in November 2021 and January 2022, respectively.
Layoff, after these divisions leave IBM employees remaining in the company will cover. Layoffs, benefits and payments to the employees and the company 300 million dollars it will cost.
On the other hand, IBM does not have a negative view of its 2023 revenue. In 2023, the company $10.5 billion revenue predicts he will achieve.
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