IBM cuts 3,900 jobs, misses annual cash target

Chief Financial Officer James Kavanaugh told Reuters that the company was still "committed to hiring for client-facing research and development". The layoffs - related to the spinoff of its Kyndryl business and a part of AI unit Watson Health - will cause a $300 million charge in the January-March period, IBM said.

from Tech-Economic Times https://ift.tt/Wx0PCfe