IBM decided to lay off thousands of people!

The world’s leading technology giants are in the focus of attention due to mass layoffs recently. Now, IBM has joined these companies. The reason it offers is different from other companies. Here are the details…

IBM decided to lay off 3,900 employees!

The pandemic is almost over, and with it, technology companies have reduced the number of personnel as the need has disappeared. Recently, Meta decided to lay off 11,000, Microsoft 10,000 and Amazon 18,000.

IBM has announced that it will lay off a total of 3,900 employees. This number corresponds to 1.5 percent of all employees. The reason for the layoffs is the idleness of the employees. The company sold its Kyndryl and Watson Health divisions in recent years to further invest in cloud technology. The personnel working in these departments, which were sold to other companies, remained at IBM and were not included in any unit.

Spotify caught the layoff trend: Hundreds of people will be fired!

Spotify caught the layoff trend: Hundreds of people will be fired!

Popular music and podcast streaming platform Spotify has also joined the recent wave of layoffs.

The company will make a total of $300 million in security payments to all dismissed personnel. It is not yet known when the employees will leave the company. On the other hand, investors speculate that this decision was taken because the company failed to meet its annual earnings targets. IBM aims to generate $10 billion in revenue for 2023.

Why are companies reducing staff numbers?

In the past years, due to the effect of the pandemic, people have been closed to their homes and the demand for electronic devices has increased in this process. In this case, technology companies increased their staff numbers to meet the supply. Recently, with the pandemic almost over, normalization steps have been taken in many countries.

With the decrease in sales, the need for personnel has also disappeared. Companies have reduced the number of staff as a solution to this.

So what do you guys think about this issue? Do you think IBM will decide to lay off again in the future? You can share your views with us in the Comments section below.

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