The Coronavirus has affected not only millions of people but also giant tech companies worldwide, and IBM is one of those.
Layoffs have been rampant since the pandemic started affecting millions of people worldwide. And one of those is the giant tech, IBM, which CEO Arvind Krishna has confirmed from the previous report. However, the company refused to expose details related to the location, departments, and the number of employees involved. IBM framed it to restructure under the new CEO.
According to several business media sites including Fox Business and Wall Street Journal that IBM’s layoffs spanned across job types, product divisions, and corporate locations across the US. It was also speculated that it will greatly affect a few hundred in India where IBM has about a third of its global strength of over 350,000. Many of those who’ll be affected are said to be likely from the mid-level executives and employees who have spent more than a decade in the company.
The IBM spokesperson commented on the issue, “IBM’s work in a highly competitive marketplace requires flexibility to constantly remix high-value skills, and our workforce decisions are made in the long-term interests of our business.”
The Last Say
IBM has been a household name for its personal computers. They shed their PC business way back in 2005 and become focused on supplying software services to extensive businesses, governments, and other organizations. It worked to strengthen its cloud computing business under Rometty but still struggled to compete with top cloud rivals like Amazon, Google, and Microsoft.
CEO Krishna said in April that the company will continue to eliminate software and services that don’t align with IBM’s top two focus areas for growth which are cloud computing and artificial intelligence.