Technology firm IBM plans on reducing its headcount by 3,900 jobs, the company announced Wednesday, while delivering better-than-expected fourth-quarter revenue results and joining a host of big tech companies that are also laying off employees.
The layoffs account for roughly 1.5 percent of IBM’s total global workforce. The latest round of job cuts will focus on employees who remain after IBM spins off its IT services business Kyndryl, based in New York, and Michigan-based healthcare operation Watson Health, CFO James Kavanaugh said in a Bloomberg interview on Wednesday.
