IBM cuts 3,900 jobs, misses annual cash target

IBM cuts 3,900 jobs, misses annual cash target

The Star Online - Tech·2023-01-26 11:02

(Reuters) - IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter.

Chief Financial Officer James Kavanaugh told Reuters that the company was still "committed to hiring for client-facing research and development".

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