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Home NEWS

IBM Cuts ‘thousands’ of Jobs Across the US

by Abraham Aali
in NEWS, Business
Reading Time: 2min read
IBM cuts American workforce
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IBM has started a layoff round among its US employees. The company does not want to say anything about how many people Big Blue let go in the aftermath of the corona pandemic. According to Bloomberg news agency, everything seems to indicate a strong remediation. Other IT companies are also bracing themselves.
Bloomberg relies, among other things, on an anonymous testimony of an IBM employee who was fired from his team of eleven people. The man analyzed IBM ‘s internal communication flows on Slack and concluded that it should probably involve thousands of people. These are mainly redundancies in the US, including Pennsylvania, California, Missouri and New York.

“IBM’s work in a competitive market requires flexibility to continuously add high-quality skills to our workforce,” said spokesman Ed Barbini. “We recognize the unique and difficult situation that this decision may lead to for some of our employees. Therefore, IBM will provide subsidized medical coverage to all affected employees in the US through June 2021.”

It is not immediately clear how much the corona pandemic is responsible for the layoffs. IBM has been experiencing sales declines for several years. Yet other IT companies also report that they are bracing themselves for the fall-out of the corona pandemic. For example, HPE has set up a savings plan to keep a billion dollars in cash by 2022. This will include cutting the wages of the top executives, but there will also be naked layoffs. On the other hand, various fringe benefits have been lost at Dell. Internet platforms such as Uber and Airbnb make it all hands on deck. Both companies want to send out about a quarter of their workforce.

Tags: IBM
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Abraham Aali

Abraham Aali

Abraham Aali is a Staff Writer for Biztech Age. He covers industry news, including interviews with executives and industry leaders about the products, services and trends affecting small businesses, drawing on his 20 years of marketing knowledge.He holds a Master’s degree in Business Administration from Qatar University and MSIT from King Abdulaziz University.

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