IBM announces layoffs, first under new CEO
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International Business Machines Corp. cuts an unknown number of jobs during the first major downsizing of new CEO Arvind Krishna, who is trying to revive the growth of the tech company.
IBM based in Armonk, New York
IBM
He said the cuts were intended to make him more agile, but that they were part of a major economic downturn brought on by a coronavirus pandemic that caused many of his customers to delay their investments and expect big software offers.
