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Technology Group IMB is Cutting Jobs Due to Crisis

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The American technology group IBM is cutting the workforce due to more challenging market conditions due to the corona crisis.

 

The company did not want to say precisely how many jobs will be lost, but sources tell Bloomberg news agency that there are thousands of jobs, especially in North America.

The company, which is called Full International Business Machines, is said to have put employees on the street in at least five US states, namely Pennsylvania, California, Missouri, New York and North Carolina.

IBM says it will pay the health costs of layoffs for another year.

IBM has been struggling with declining revenues for years, and as a result of the corona crisis, companies are cutting back on IT investments.

The crisis, therefore, puts more significant pressure on the company to cut more profound costs.

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