IBM cutting thousands of jobs in the fourth quarter
Summary
IBM plans to cut a low single-digit percentage of its global workforce in the fourth quarter. The company says U.S. employment should stay roughly flat year over year even though some U.S.-based roles may be affected. IBM had about 270,000 employees at the end of 2024, so even a 1% reduction would mean roughly 2,700 jobs. The move comes as IBM continues to lean on AI tools and follows other recent tech layoffs across the industry.
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