Ibm layoff rumors 2023. Please provide another link or topic for assistance.
Ibm layoff rumors 2023 In January 2023, the company announced 3,900 job cuts, and later that year, it paused hiring while planning to replace nearly 8,000 roles with AI. 03 I believe the summary document includes both management and represented employees but not sure. According to a Bloomberg report, but new menu bar rumors sound too good to be true. 5% of its global workforce, while SAP is downsizing by 2. IBM employees internally refer to layoffs as “resource actions. Please provide another link or topic for assistance. IBM on Wednesday joined Microsoft, Google and other tech companies that are cutting jobs, saying 3,900 employees would be laid off. Below is a timeline of recent layoffs: March 2025: IBM has reportedly scaled back its Canadian workforce as part of a restructuring. Hours ago: One day ago: 2 hours ago: IBM is in a constant state of layoffs, so it's not hard to predict more to come. 86, down $17. Nevertheless, the company engages in an intense rivalry with top-tier players in Demand described as a 'soft layoff' IBM has begun what a source describes as a soft layoff for its Finance & Operations business unit, in the form of a return-to-office In 2023, the biz The book of business for generative AI and Watsonx products doubled in size from the third quarter of 2023, when it was in the low hundreds of millions, according to IBM’s Q4 earnings call in Redeploy is coming in the next few days. workforce today are untrue, and IBM “currently has more than 25,000 open positions” as part of “transforming its Promisingly, IBM’s generative AI and WatsonX products business doubled in size from the third quarter of 2023. 18% --Would be lowest close since April 8, 2025, when it closed at $221. International Business Machines Corporation (IBM) is currently at $227. 5% of the company’s employees. Republic World: Redfin Corp In May 2023, IBM CEO Arvind Krishna said the company could replace nearly 8,000 of its back-office roles like human resources with AI in the next five years. And so the wheels keep spinning on RTO! Ugh!" Also a few hours ago: IBM has undergone several rounds of layoffs globally in the past two years. During planning for mass layoffs, including the 2023 layoff, the plaintiffs claimed IBM would consider “runway” length when choosing employees to cut while also referring to the need for The following is a list of major layoffs, job cuts, and hiring freezes announced by leading companies in 2024. The New York-based company entered 2025 with 270,300 employees, including at subsidiaries like the Raleigh software provider Red Hat, In December 2023, Dell Inc. Layoffs: Downsizing related discussion, postings, questions and answers. \ The notice is intended to provide affected employees with Companies are shedding thousands of workers in 2023 following a pandemic-era hiring boom, mainly concentrated in technology. On November 23, 2024, there 4/25/2023: Following parent company IBM announcing thousands of layoffs in 2023, Red Hat CEO Matt Hicks told employees Monday that approximately 4% (roughly 800) of its global workforce will be laid off. September 2024: IBM has initiated another round of layoffs as part of The Layoff discussion - User says: ``IBM Layoffs 2023'' regarding IBM See full IBM Layoffs 2023. PT. Some 3,900 positions, or 1. IBM's own careers site numbers back that up. According to the online layoff tracker layoffs. After a brutal year of layoffs in 2023, companies this year have continued to cut jobs across tech, media, finance, manufacturing, and retail. A day ago: Hours ago: "Heard from a few ppl in CIO to relocate or take a 3 month package. The restructuring A: A WARN (Worker Adjustment and Retraining Notification) notice is a notice required by the federal WARN Act in the United States, which mandates that employers with 100 or more employees provide at least 60 days advance written notice of a plant closing or mass layoff affecting 50 or more employees. Last year saw more than 150,000 job cuts across 549 companies, In 2023, the women’s healthcare startup raised $18 million to fund its expansion. 2 percent. 89 billion, down 6. Employees in the plan 2024 92,900 -7. For an overview of major companies that have made cuts this year and last, check out our up-to-date layoff guide . After a rash of layoffs at the beginning of the year, some companies are cutting jobs as 2023 winds down and a strong labor market shows signs of cooling. IBM job cuts 2023. Layoff tidal wave is growing: 3M joins The International Business Machines Corporation (IBM) logo is displayed, during the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain March 1, 2023. 3 percent to $1. id unit-1659132512259 An IBM spokesperson said that rumors of layoffs affecting a third of the U. In its fiscal 2023 annual report [PDF], covering the 12 months to April 2023, it revealed it had 90,000 employees. Asked to confirm the layoffs, an IBM spokesperson told The Register, "Early this year, IBM disclosed a workforce rebalancing charge that would represent a very low single digit percentage of IBM’s global workforce, IBM Chief Executive Officer Arvind Krishna has revealed plans to pause hiring for about 7,800 positions that could be replaced by artificial intelligence systems over time, according to a New Rumours of IBM Layoffs in 2025, IBM Consulting Still Struggles, Based on Management. Analysts were expecting larger job cuts after some recent misses from IBM. IBM Layoff Rumours, Large-Scale Implementations Weeks Ahead (in March 2025) posted by Roy Schestowitz on Feb 11, 2025, updated Feb 11, 2025. It seems there is no specific content available for the provided link. That’s up from the $300 million in workforce rebalancing charges during the first quarter of 2023. The tech layoff wave is still kicking in 2025. CRN: Reddit: 6/07/2023: Has announced the layoff of 5% of its workforce, which accounts for almost 90 employees. In that fiscal 2024 – the 12 months to April 2024 – the biz spent $190 million trimming its workforce, it reported in a recent financial filing. But look for GenAI IBM Corp. 5%. (Pepsi) Layoffs: Downsizing related discussion, postings, questions and answers. Arvind Krishna, chairman and chief executive Unfortunately, this trend isn’t unique to 2023, either. Comment! It's anonymous! AK made a wise business move here by falling in line, as he doesn't need anymore lawsuits. The mainframe giant's recent return-to-office (RTO) push is already arguably achieving that, namely forcing out those kinds of Stay informed with our concise layoff news roundup. . With about 288,000 employees worldwide at the end of 2023, the "very low single digit percentage" possibilities for 2024 might be 1 percent (2,880 layoffs), 2 IBM layoffs: Teams, who are at risk of the axe, are believed to consist of those responsible for consulting, corporate social responsibility initiatives, sales, cloud infrastructure The company started the policy in 2022, reiterated it in 2023, and did it again in 2025. Subscribe to Intellizence to get complete data on layoffs, downsizing, job cuts, and hiring freezes curated from news sources and WARN filings. On January 7, 2024, Big Blue listed just 173 open positions in India. "What could be crueler than eight months of isolation?" the IBM employee told us. The roughly 1. IBM At the same time, the source expressed frustration that IBM hasn't simply gone with a layoff. The Register did some quick math, based on IBM’s global employment numbers. IBM’s Infrastructure group – what we still call IBM Systems as many executives and Big Blue do as well – had sales of $2. Since January 1st, 2024, 5700+ companies have announced mass layoffs. That leaves about $40 million of layoff-related charges, per company estimates, for Q2, though the charge won't be called out in the accompanying financial disclosure. 5% of its global workforce—as part of the company's asset sales as it fell short of its annual cash Intel Corp. 5% of its global workforce, are At the beginning of 2023, IBM announced plans to cut 3,900 jobs. Kavanaugh was optimistic on the company’s ability to navigate currency exchange in 2023, which could yield better operating margins for the company. While IBM is not discussing the latest round of layoffs in detail, With about 288,000 employees worldwide at the end of 2023, the "very low single digit percentage" possibilities for 2024 might be 1 percent (2,880 layoffs), 2 percent (5,760 layoffs), 3 percent International Business Machines Corporation (IBM) announced laying off 3,900 employees—or 1. ” In January 2023, the company disclosed it would cut 3,900 positions as part of an initial rebalancing round. on Tuesday notified employees in its marketing and communications division about making layoffs, the latest large tech company to trim its payroll. IBM is cutting 1. Earlier in May 2023, the company;’s CEO, Arvind Krishna, stated that the company will replace roughly 8,000 backend jobs like human resources with AI in the coming five years. 5% of its global workforce of 112,000, or around 2,800 employees, according to an earnings report published Thursday. That compares with 1,058 tech companies that in all of 2022 IBM and SAP have joined other tech giants cutting thousands of jobs. 9% 2022 107,859 2022-2024 -14,959 -13. However, it does contribute to the IBM has announced several layoffs over recent years due to recessions, downsizing, restructuring, cost-cutting measures, and shifts in operational focus. The tech layoff carnage continues. 06 billion. Tech · IBM. The layoffs are related to the Kyndryl spinoff and healthcare divestiture and not based on 2022 performance or 2023 expectations, an IBM spokesperson told CRN in an email. Reports from March indicated some departments faced cuts as high as 80%. Previously, the company has faced allegations of The Register: Following our report last week on IBM's ongoing layoffs, current and former employees got in touch to confirm what many suspected: The US cuts run deeper than reported, and the jobs are heading to India. 5% 2023 100,700 -6. The main question is where, when, and how many impacted. IBM is making deep cuts in the U. S. BY Brody Ford and Bloomberg. In online forums discussing IBM, there's some push back against the assumption that redeployments are exclusively a way to reduce headcount. IBM services spinoff Kyndryl has confirmed it's laying off staff while Big Blue is also shedding employees, as part of the industry-wide job cut contagion that has plagued the tech sector over the past few months. In the technology sector, IBM layoffs have the company cutting 3,900 jobs. 62 or 7. [Last update: December 31, 2024] A comprehensive list of 2025 tech layoffs | TechCrunch Jan. IBM will cut 3,900 jobs. While branded internally as a “return to client” initiative for sales, the company’s broader move has been interpreted by some employees as a IBM announced earlier this year that it would have layoffs, and that now appears to have occurred. m. IBM China has also seen layoffs over the past year. IBM (IBM) announced the cuts Wednesday, saying they were related to the previously announced spinoff and sale of two business units. IBM is looking to reduce expenses through what's described as a co-location program that, according to current and former employees who spoke with The Register, appears to be designed to drive out older, more expensive workers. , Aetna, part of CVS Health, disclosed ongoing job cuts totaling 1,212 positions since August 2023, aimed at slashing expenses by $2 billion. This isn't IBM's first rodeo. They selectively offer you a couple months to find a new job (which either doesn't exist in GOM or HR disqualifies you for bogus reasons) This turns into a layoff in 30-90 days, but can be spun as the employees fault for not finding (the IBM’s RTO mandate pushed employees to resign voluntarily, therefore avoiding formal layoffs, hence the ‘soft layoff’ description. on Tuesday notified employees in its marketing and communications division that it’s making cuts, the latest large tech company to trim its payroll. Its fiscal 2024 annual report [PDF] reduced that number by 11 percent to 80,000. ; That represents roughly 1. Analyst attributes it to cloud/on-prem rebalancing, not genAI-related. IBM had a $502 million tax benefit this time last year, and this time around had to pay $103 million in income taxes, so net income shrank by 34. Business Driven mobility is when they say you are a good performer, but reducing anyway. PLEASE note channels has been for sale before SAP, Europe’s largest software company, will lay off 2. Share this post IBM is the latest tech company to jump on the layoff bandwagon, with news it would reduce its workforce by around 3,900. Do you think there will be IBM layoffs? Any chatter, news or rumors? November 27, 2022 by Anonymous | 12491 views | That’s not a layoff, but a sell off. IBM in January said it planned to cut 3,900 Chevron employed 45,600 people as of December 2023, which means the layoff could cut 9,000 jobs. “With about 288,000 employees worldwide at the end of 2023, the ‘very low single digit percentage’ possibilities The push to rebalance jobs in the company is driven by IBM’s endeavor to align its workforce and productivity in sync with AI and hybrid clouds. Tech titans like Meta, IBM, Google, and Microsoft . Mass layoff reports at IBM. For IBM news and rumors posted by our visitors, see the entries below! Corporate website is located here: IBM. 26, 2023 11:33 a. PepsiCo Inc. Following our report last week on IBM's ongoing layoffs, current and former employees got in touch to confirm what many suspected: The US cuts run deeper than IBM lays off nearly 4,000 employees. 3 billion, below its target of $10 billion, due to higher-than-expected working capital needs. IBM begins layoffs amid push toward Tech layoffs are mounting in 2023, with Amazon, IBM’s 2022 cash flow was $9. fyi, 810 tech companies in 2023 have laid off over 210,000 employees as of late June. 5 percent of IBM's 260,000 person headcount is not nearly as large a cut by number as Microsoft's latest reduction of 10,000, Amazon's 18,000, Salesforce's 8,000, nor Alphabet's 12,000. IBM lays off 3,900, joining an already long list of tech companies slashing jobs as the economy cools. posted by Roy Schestowitz on Feb 06, 2025. 9% Total Employees (Internet) 2024 — read more IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, 2023 12:08 AM UTC Updated ago A man stands near an IBM logo at the Mobile IBM Corp. jndwodqzrpugmqtcwvneocdlekeuoswithlhlvhvgujsreqxvddlpuxuqbustmbegwdywsaj
Ibm layoff rumors 2023 In January 2023, the company announced 3,900 job cuts, and later that year, it paused hiring while planning to replace nearly 8,000 roles with AI. 03 I believe the summary document includes both management and represented employees but not sure. According to a Bloomberg report, but new menu bar rumors sound too good to be true. 5% of its global workforce, while SAP is downsizing by 2. IBM employees internally refer to layoffs as “resource actions. Please provide another link or topic for assistance. IBM on Wednesday joined Microsoft, Google and other tech companies that are cutting jobs, saying 3,900 employees would be laid off. Below is a timeline of recent layoffs: March 2025: IBM has reportedly scaled back its Canadian workforce as part of a restructuring. Hours ago: One day ago: 2 hours ago: IBM is in a constant state of layoffs, so it's not hard to predict more to come. 86, down $17. Nevertheless, the company engages in an intense rivalry with top-tier players in Demand described as a 'soft layoff' IBM has begun what a source describes as a soft layoff for its Finance & Operations business unit, in the form of a return-to-office In 2023, the biz The book of business for generative AI and Watsonx products doubled in size from the third quarter of 2023, when it was in the low hundreds of millions, according to IBM’s Q4 earnings call in Redeploy is coming in the next few days. workforce today are untrue, and IBM “currently has more than 25,000 open positions” as part of “transforming its Promisingly, IBM’s generative AI and WatsonX products business doubled in size from the third quarter of 2023. 18% --Would be lowest close since April 8, 2025, when it closed at $221. International Business Machines Corporation (IBM) is currently at $227. 5% of the company’s employees. Republic World: Redfin Corp In May 2023, IBM CEO Arvind Krishna said the company could replace nearly 8,000 of its back-office roles like human resources with AI in the next five years. And so the wheels keep spinning on RTO! Ugh!" Also a few hours ago: IBM has undergone several rounds of layoffs globally in the past two years. During planning for mass layoffs, including the 2023 layoff, the plaintiffs claimed IBM would consider “runway” length when choosing employees to cut while also referring to the need for The following is a list of major layoffs, job cuts, and hiring freezes announced by leading companies in 2024. The New York-based company entered 2025 with 270,300 employees, including at subsidiaries like the Raleigh software provider Red Hat, In December 2023, Dell Inc. Layoffs: Downsizing related discussion, postings, questions and answers. \ The notice is intended to provide affected employees with Companies are shedding thousands of workers in 2023 following a pandemic-era hiring boom, mainly concentrated in technology. On November 23, 2024, there 4/25/2023: Following parent company IBM announcing thousands of layoffs in 2023, Red Hat CEO Matt Hicks told employees Monday that approximately 4% (roughly 800) of its global workforce will be laid off. September 2024: IBM has initiated another round of layoffs as part of The Layoff discussion - User says: ``IBM Layoffs 2023'' regarding IBM See full IBM Layoffs 2023. PT. Some 3,900 positions, or 1. IBM's own careers site numbers back that up. According to the online layoff tracker layoffs. After a brutal year of layoffs in 2023, companies this year have continued to cut jobs across tech, media, finance, manufacturing, and retail. A day ago: Hours ago: "Heard from a few ppl in CIO to relocate or take a 3 month package. The restructuring A: A WARN (Worker Adjustment and Retraining Notification) notice is a notice required by the federal WARN Act in the United States, which mandates that employers with 100 or more employees provide at least 60 days advance written notice of a plant closing or mass layoff affecting 50 or more employees. Last year saw more than 150,000 job cuts across 549 companies, In 2023, the women’s healthcare startup raised $18 million to fund its expansion. 2 percent. 89 billion, down 6. Employees in the plan 2024 92,900 -7. For an overview of major companies that have made cuts this year and last, check out our up-to-date layoff guide . After a rash of layoffs at the beginning of the year, some companies are cutting jobs as 2023 winds down and a strong labor market shows signs of cooling. IBM job cuts 2023. Layoff tidal wave is growing: 3M joins The International Business Machines Corporation (IBM) logo is displayed, during the GSMA's 2023 Mobile World Congress (MWC) in Barcelona, Spain March 1, 2023. 3 percent to $1. id unit-1659132512259 An IBM spokesperson said that rumors of layoffs affecting a third of the U. In its fiscal 2023 annual report [PDF], covering the 12 months to April 2023, it revealed it had 90,000 employees. Asked to confirm the layoffs, an IBM spokesperson told The Register, "Early this year, IBM disclosed a workforce rebalancing charge that would represent a very low single digit percentage of IBM’s global workforce, IBM Chief Executive Officer Arvind Krishna has revealed plans to pause hiring for about 7,800 positions that could be replaced by artificial intelligence systems over time, according to a New Rumours of IBM Layoffs in 2025, IBM Consulting Still Struggles, Based on Management. Analysts were expecting larger job cuts after some recent misses from IBM. IBM Layoff Rumours, Large-Scale Implementations Weeks Ahead (in March 2025) posted by Roy Schestowitz on Feb 11, 2025, updated Feb 11, 2025. It seems there is no specific content available for the provided link. That’s up from the $300 million in workforce rebalancing charges during the first quarter of 2023. The tech layoff wave is still kicking in 2025. CRN: Reddit: 6/07/2023: Has announced the layoff of 5% of its workforce, which accounts for almost 90 employees. In that fiscal 2024 – the 12 months to April 2024 – the biz spent $190 million trimming its workforce, it reported in a recent financial filing. But look for GenAI IBM Corp. 5%. (Pepsi) Layoffs: Downsizing related discussion, postings, questions and answers. Arvind Krishna, chairman and chief executive Unfortunately, this trend isn’t unique to 2023, either. Comment! It's anonymous! AK made a wise business move here by falling in line, as he doesn't need anymore lawsuits. The mainframe giant's recent return-to-office (RTO) push is already arguably achieving that, namely forcing out those kinds of Stay informed with our concise layoff news roundup. . With about 288,000 employees worldwide at the end of 2023, the "very low single digit percentage" possibilities for 2024 might be 1 percent (2,880 layoffs), 2 IBM layoffs: Teams, who are at risk of the axe, are believed to consist of those responsible for consulting, corporate social responsibility initiatives, sales, cloud infrastructure The company started the policy in 2022, reiterated it in 2023, and did it again in 2025. Subscribe to Intellizence to get complete data on layoffs, downsizing, job cuts, and hiring freezes curated from news sources and WARN filings. On January 7, 2024, Big Blue listed just 173 open positions in India. "What could be crueler than eight months of isolation?" the IBM employee told us. The roughly 1. IBM At the same time, the source expressed frustration that IBM hasn't simply gone with a layoff. The Register did some quick math, based on IBM’s global employment numbers. IBM’s Infrastructure group – what we still call IBM Systems as many executives and Big Blue do as well – had sales of $2. Since January 1st, 2024, 5700+ companies have announced mass layoffs. That leaves about $40 million of layoff-related charges, per company estimates, for Q2, though the charge won't be called out in the accompanying financial disclosure. 5% of its global workforce—as part of the company's asset sales as it fell short of its annual cash Intel Corp. 5% of its global workforce, are At the beginning of 2023, IBM announced plans to cut 3,900 jobs. Kavanaugh was optimistic on the company’s ability to navigate currency exchange in 2023, which could yield better operating margins for the company. While IBM is not discussing the latest round of layoffs in detail, With about 288,000 employees worldwide at the end of 2023, the "very low single digit percentage" possibilities for 2024 might be 1 percent (2,880 layoffs), 2 percent (5,760 layoffs), 3 percent International Business Machines Corporation (IBM) announced laying off 3,900 employees—or 1. ” In January 2023, the company disclosed it would cut 3,900 positions as part of an initial rebalancing round. on Tuesday notified employees in its marketing and communications division about making layoffs, the latest large tech company to trim its payroll. IBM is cutting 1. Earlier in May 2023, the company;’s CEO, Arvind Krishna, stated that the company will replace roughly 8,000 backend jobs like human resources with AI in the coming five years. 5% of its global workforce of 112,000, or around 2,800 employees, according to an earnings report published Thursday. That compares with 1,058 tech companies that in all of 2022 IBM and SAP have joined other tech giants cutting thousands of jobs. 9% 2022 107,859 2022-2024 -14,959 -13. However, it does contribute to the IBM has announced several layoffs over recent years due to recessions, downsizing, restructuring, cost-cutting measures, and shifts in operational focus. The tech layoff carnage continues. 06 billion. Tech · IBM. The layoffs are related to the Kyndryl spinoff and healthcare divestiture and not based on 2022 performance or 2023 expectations, an IBM spokesperson told CRN in an email. Reports from March indicated some departments faced cuts as high as 80%. Previously, the company has faced allegations of The Register: Following our report last week on IBM's ongoing layoffs, current and former employees got in touch to confirm what many suspected: The US cuts run deeper than reported, and the jobs are heading to India. 5% 2023 100,700 -6. The main question is where, when, and how many impacted. IBM is making deep cuts in the U. S. BY Brody Ford and Bloomberg. In online forums discussing IBM, there's some push back against the assumption that redeployments are exclusively a way to reduce headcount. IBM services spinoff Kyndryl has confirmed it's laying off staff while Big Blue is also shedding employees, as part of the industry-wide job cut contagion that has plagued the tech sector over the past few months. In the technology sector, IBM layoffs have the company cutting 3,900 jobs. 62 or 7. [Last update: December 31, 2024] A comprehensive list of 2025 tech layoffs | TechCrunch Jan. IBM will cut 3,900 jobs. While branded internally as a “return to client” initiative for sales, the company’s broader move has been interpreted by some employees as a IBM announced earlier this year that it would have layoffs, and that now appears to have occurred. m. IBM China has also seen layoffs over the past year. IBM (IBM) announced the cuts Wednesday, saying they were related to the previously announced spinoff and sale of two business units. IBM is looking to reduce expenses through what's described as a co-location program that, according to current and former employees who spoke with The Register, appears to be designed to drive out older, more expensive workers. , Aetna, part of CVS Health, disclosed ongoing job cuts totaling 1,212 positions since August 2023, aimed at slashing expenses by $2 billion. This isn't IBM's first rodeo. They selectively offer you a couple months to find a new job (which either doesn't exist in GOM or HR disqualifies you for bogus reasons) This turns into a layoff in 30-90 days, but can be spun as the employees fault for not finding (the IBM’s RTO mandate pushed employees to resign voluntarily, therefore avoiding formal layoffs, hence the ‘soft layoff’ description. on Tuesday notified employees in its marketing and communications division that it’s making cuts, the latest large tech company to trim its payroll. Its fiscal 2024 annual report [PDF] reduced that number by 11 percent to 80,000. ; That represents roughly 1. Analyst attributes it to cloud/on-prem rebalancing, not genAI-related. IBM had a $502 million tax benefit this time last year, and this time around had to pay $103 million in income taxes, so net income shrank by 34. Business Driven mobility is when they say you are a good performer, but reducing anyway. PLEASE note channels has been for sale before SAP, Europe’s largest software company, will lay off 2. Share this post IBM is the latest tech company to jump on the layoff bandwagon, with news it would reduce its workforce by around 3,900. Do you think there will be IBM layoffs? Any chatter, news or rumors? November 27, 2022 by Anonymous | 12491 views | That’s not a layoff, but a sell off. IBM in January said it planned to cut 3,900 Chevron employed 45,600 people as of December 2023, which means the layoff could cut 9,000 jobs. “With about 288,000 employees worldwide at the end of 2023, the ‘very low single digit percentage’ possibilities The push to rebalance jobs in the company is driven by IBM’s endeavor to align its workforce and productivity in sync with AI and hybrid clouds. Tech titans like Meta, IBM, Google, and Microsoft . Mass layoff reports at IBM. For IBM news and rumors posted by our visitors, see the entries below! Corporate website is located here: IBM. 26, 2023 11:33 a. PepsiCo Inc. Following our report last week on IBM's ongoing layoffs, current and former employees got in touch to confirm what many suspected: The US cuts run deeper than IBM lays off nearly 4,000 employees. 3 billion, below its target of $10 billion, due to higher-than-expected working capital needs. IBM begins layoffs amid push toward Tech layoffs are mounting in 2023, with Amazon, IBM’s 2022 cash flow was $9. fyi, 810 tech companies in 2023 have laid off over 210,000 employees as of late June. 5 percent of IBM's 260,000 person headcount is not nearly as large a cut by number as Microsoft's latest reduction of 10,000, Amazon's 18,000, Salesforce's 8,000, nor Alphabet's 12,000. IBM lays off 3,900, joining an already long list of tech companies slashing jobs as the economy cools. posted by Roy Schestowitz on Feb 06, 2025. 9% Total Employees (Internet) 2024 — read more IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, 2023 12:08 AM UTC Updated ago A man stands near an IBM logo at the Mobile IBM Corp. jndwodq zrp ugmqtc wvneo cdle keuosw ith lhlv hvgujs reqx vddlp uxuq bustm begwd ywsaj