RA Media Coverage

IBM to Cut About 3,900 Workers, Still Hiring in ‘Higher Growth’ Areas
Company will cut about 1.5% of workforce, CFO Kavanaugh says

https://www.bloomberg.com/news/articles/2023-01-25/ibm-to-cut-about-3-900-workers-still-hiring-in-higher-growth-areas

IBM posts biggest annual sales increase in more than a decade, announces layoffs

https://www.marketwatch.com/story/ibm-posts-biggest-annual-sales-increase-in-more-than-a-decade-announces-layoffs-11674682960

IBM beats Street and remains upbeat about growth – but will cut jobs

https://wraltechwire.com/2023/01/25/ibm-beats-street-and-remains-upbeat-about-growth-but-will-cut-jobs/

Comment! It's anonymous!

6 replies (most recent on top)

"Higher growth areas" = people age 40 and under

https://twitter.com/TheLayoff/status/1618376253056356355

Hiring in "high growth" means those segments with 1%-2% growth projection in 2023 vs others being flat or negative?
Really high growth ha!
Arvind said last year on CNBC I think no more layoffs. He meant for that week?
Horrible results and outlook...
All 2023 could see multiple waves of layoffs no? Is 3900 the final number?

So when do those RA notifications go out? Tomorrow? (they do typically RA on Thursdays)

IBM’s current headcount is 260,000, Kavanaugh
said. That is about 22,000 lower than the figure
disclosed for December 2021.

~8.5% reduction in just over a year.

Plus PIPs.

Thread regarding IBM layoffs

RA Media Coverage

6 replies (most recent on top)

Post a reply