Source | trak.in |
IBM has started firing thousands of employees, to save costs and to maintain their profits. As per some reports, entire teams working in enterprise Cloud, Artificial Intelligence and even teams working for Watson, their supercomputer has been terminated.
Where are these terminations and layoffs in IBM happening?
Keep reading to find out more.
IBM Fires Thousands Of Employees
IBM CEO Arvind Krishna, who recently took over as IBM CEO in April, has decided to fire thousands of employees.
Mainly, these layoffs are happening in the US, across major IBM hubs and campuses.
This is first time Arvind Krishna has taken the decision to fire employees.
The layoffs have been confirmed by company spokesman Ed Barbini as he said, “IBM’s work in a highly competitive marketplace requires flexibility to constantly add high-value skills to our workforce. While we always consider the current environment, IBM’s workforce decisions are in the interest of the long-term health of our business,”