IBM to cut thousands of roles in focus on software growth, Bloomberg News reports
Update: 2025-11-04
Description
📣 IBM Announces Job Cuts, Shifts Focus to Software & Services: Despite a low single-digit workforce reduction, IBM's shares surge 35% this year, but dip after announcing job cuts. The tech giant, led by CEO Arvind Krishna, is streamlining operations and focusing on cloud services and AI integration, following a slowdown in its crucial cloud software segment.
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