Tech Layoffs: IBM Announces 3,900 Job Cuts After Missing Cash Targets
2 years, 2 months ago

Tech Layoffs: IBM Announces 3,900 Job Cuts After Missing Cash Targets

ABP News  

IBM has announced 3,900 layoffs on Wednesday as a part of its disinvestments and missed cash targets, after cheering for beating its revenue expectations in the fourth quarter, according to Reuters. He added the layoffs will focus on related IBM spin-offs Kyndryl and Watson Health units and will cost the company a charge of around $300 million in the January-March period, IBM said. "It seems as if the market is disappointed by the size of its announced job cuts, which only amounted to 1.5 percent of its workforce," said Jesse Cohen, senior analyst at Investing.com as per Reuters. White House press secretary Karina Jean-Pierre, as quoted by ANI, said on Tuesday, “Our economy is continuing to grow in a steady and stable manner… And so, more broadly, when it comes to the economy, layoffs remain near record lows, according to job opening data.”

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History of this topic

Layoffs Wave Continues To Upset Tech Sector In 2025 Says Report, A Look At Some Major Job Cuts Announced So Far
1 month, 3 weeks ago

Layoffs Wave Continues To Upset Tech Sector In 2025 Says Report, A Look At Some Major Job Cuts Announced So Far

ABP News  

Layoffs in the tech industry seem to not be stopping anytime soon. The wave of job cuts is going strong in the sector as several big US tech companies have already announced workforce reductions in 2025. The Challenger report showed that 49,795 jobs were slashed in January, about 28 per cent higher than 38,792 job cuts announced in December. Major …

Tech layoffs 2025: Turmoil as ADM trims 700 jobs, Salesforce slashes 1,000 after Microsoft, Meta, and Amazon axe
Trending News
1 month, 3 weeks ago

Tech layoffs 2025: Turmoil as ADM trims 700 jobs, Salesforce slashes 1,000 after Microsoft, Meta, and Amazon axe

Live Mint  

Significant layoffs continue to sweep across major big tech and corporate firms in 2025. ADM to cut up to 700 jobs worldwide amid cost-cutting efforts According to Reuters, ADM, a major international grain trader, announced plans to cut up to 700 jobs to reduce expenses by $500 million to $750 million over the next three to five years. The announcements …

Tech Layoffs: 42% Drop In Job Cuts In 2024 As Firms Work Towards Stabilisation
2 months, 4 weeks ago

Tech Layoffs: 42% Drop In Job Cuts In 2024 As Firms Work Towards Stabilisation

ABP News  

Tech Layoffs in 2024: The tech industry made a strong recovery in 2024 after enduring significant losses in 2023, with tracking sites noting a 42 per cent reduction in layoffs compared to the previous year. Intel started the year by announcing plans to cut around 15 per cent of its workforce in January, followed by smaller layoffs from companies such …

IBM Layoffs: Tech Firm Silently Fires Thousands Of Employees, Says Report
6 months, 1 week ago

IBM Layoffs: Tech Firm Silently Fires Thousands Of Employees, Says Report

ABP News  

IBM layoffs: IBM is reportedly laying off thousands of employees this week. The report indicates that significant job reductions have occurred, with one insider stating that "a massive layoff" recently affected thousands of workers in the IBM Cloud division. In its first-quarter 2024 earnings report, the company revealed a $400 million "workforce rebalancing" charge, suggesting that layoffs are part of …

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details
6 months, 4 weeks ago

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details

ABP News  

The tech industry experienced a major increase in layoffs in August 2024, reaching its highest level of job cuts since January of this year. The surge in layoffs is primarily attributed to substantial reductions at prominent industry leaders like Intel and Cisco, which contributed significantly to the overall increase in job losses. Intel Layoffs Intel spearheaded the wave of layoffs …

Layoffs: Another Tech Firm Limits Operations In China, Cuts Over 1,000 Jobs. Find Out More
7 months ago

Layoffs: Another Tech Firm Limits Operations In China, Cuts Over 1,000 Jobs. Find Out More

ABP News  

IBM Layoffs: IBM has reportedly closed its research and development operations in China, as the firm tries to reduce its presence in the country amidst geopolitical tensions. The decision to shut down the R&D departments in China follows several big names in the tech industry scaling back their operations in light of the global challenges, media reports said. The report …

Intel to lay off 15% of its workforce, cut $20 billion in costs
7 months, 4 weeks ago

Intel to lay off 15% of its workforce, cut $20 billion in costs

Firstpost  

Intel CEO Gelsinger emphasised the need to align Intel’s cost structure with a new operating model to improve margins and better position the company for future growth, especially as it faces a challenging outlook for the second half of 2024 CEO Gelsinger has noted that while investments in the AI PC market may pressure profit margins in the short term, …

Tech layoffs this week: Byju’s, Apple, Amazon cut jobs citing downsizing, shifts. More companies to follow?
11 months, 3 weeks ago

Tech layoffs this week: Byju’s, Apple, Amazon cut jobs citing downsizing, shifts. More companies to follow?

Hindustan Times  

Tech layoffs 2024: The tech industry saw more layoffs this week as companies are sacking employees across departments. The big companies that fired employees include Amazon, Apple and Byju’s who cited strategic shifts and downsizing as the reason for job cuts in the industry. As per Layoffs.fyi, 235 companies have laid off 57,785 employees in 2024 as in January, 121 …

IBM layoffs: Tech giant announces job cuts in this division in 7-minute meeting
1 year ago

IBM layoffs: Tech giant announces job cuts in this division in 7-minute meeting

Hindustan Times  

IBM layoffs: International Business Machines Corp reportedly announced layoffs without informing about the specific number of job cuts. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} This comes as the company's CEO Arvind Krishna said last year that IBM expects to pause hiring for roles which could be replaced with artificial intelligence in the coming years. Tech layoffs in 2024 At least 204 companies …

IBM Layoffs: Tech Firm To Sack Employees In Marketing And Communications Team, Says Report
1 year ago

IBM Layoffs: Tech Firm To Sack Employees In Marketing And Communications Team, Says Report

ABP News  

IBM has reportedly informed its marketing and communications division employees on Tuesday about an impending workforce reduction in the coming days. Jonathan Adashek, IBM's chief communications officer, conveyed the decision during a brief meeting lasting approximately seven minutes with employees in the affected unit, according to a report by CNBC citing the sources. In December, IBM’s chief executive officer Arvind …

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report
1 year, 8 months ago

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report

Hindustan Times  

According to a report from Forbes, 2023 has brought a storm of layoffs across various industries, with nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs. Nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs in 2023 so far. Tech Takes a Hit Tech companies have faced the …

Lenovo begins laying off employees, part of $115 million cost-cutting plan
1 year, 11 months ago

Lenovo begins laying off employees, part of $115 million cost-cutting plan

India TV News  

Global technology brand Lenovo has reportedly started laying off employees, as its PC business suffers significantly amid economic downturn. According to a report in CRN, the job cuts at Levono are "part of a roughly $115 million cost-cutting plan". "Like our CEO Yuanqing Yang said at our most recent quarterly earnings announcement, we are reducing operational expenses and making workforce …

Facebook-parent Meta to lay off 10,000 employees in second round of job cuts
2 years ago

Facebook-parent Meta to lay off 10,000 employees in second round of job cuts

The Hindu  

Facebook-parent Meta Platforms said on March 14, 2023 it would cut 10,000 jobs, just four months after it let go 11,000 employees, the first Big Tech company to announce a second round of mass layoffs. "We expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired," Chief …

Layoffs 2023: US companies cut more than 180,000 jobs in two months amid fears of global recession
2 years ago

Layoffs 2023: US companies cut more than 180,000 jobs in two months amid fears of global recession

India TV News  

A report from Challenger, Gray & Christmas, a firm that provides outplacement services to executives, reveals that in the past two months, a number of companies in the United States have cut jobs due to concerns over a global recession, resulting in more than 180,000 employees losing their jobs. The report also shows that the tech industry has cut a …

The recent layoffs and the future of US tech
2 years, 1 month ago

The recent layoffs and the future of US tech

Hindustan Times  

With the Covid-19 pandemic, although the world had come to a standstill, there was unprecedented growth in the tech industry, as it was embraced by people from all walks of life like never before, resulting in many big tech firms earning unheard-of profits. While Google and Microsoft lost $700 billion each, and Facebook lost $600 billion; Amazon, a public company, …

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List
2 years, 1 month ago

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List

News 18  

Tech Layoffs In 2023: Citing cost cutting due to macroeconomic pressures, tech companies across the world have resorted to layoffs in the past months. The year 2023 has witnessed mass layoffs by companies such as Google, Microsoft, Salesforce and Amazon, among others. Apart from these, Salesforce laid off 8,000 employees, Dell sacked 6,650, IBM about 3,900, SAP nearly 3,000, Zoom …

Big tech job cuts keep coming; Zoom latest to trim headcount
2 years, 1 month ago

Big tech job cuts keep coming; Zoom latest to trim headcount

Associated Press  

The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. CEO Eric Yuan said in a blog post Tuesday that the company ramped up staffing during the COVID-19 pandemic, when businesses became increasingly reliant on its service as people worked from home. …

Here are the latest tech layoffs as the industry shudders
2 years, 1 month ago

Here are the latest tech layoffs as the industry shudders

CBS News  

The high-flying tech industry is facing a reckoning as the economy slows and customers pull back on spending. Dell The computer company in February announced it would slash 5% of its workforce due to a "challenging global economic environment." PayPal The digital payments company said in January it was cutting 2,000 jobs, or about 7% of its workforce, as it …

Big tech job cuts keep coming; Dell latest to trim headcount
2 years, 1 month ago

Big tech job cuts keep coming; Dell latest to trim headcount

Associated Press  

The tech industry started the year with a wave of job cuts, around 50,000 in January alone, and there doesn’t appear to be any let up this month. February 2023 Dell: The computer maker reduced its payroll by 5%, or about 6,600 jobs, saying that the steps it’s taken to stay ahead of eroding market conditions are no longer enough. …

Tech industry job cuts come rapidly and in big numbers
2 years, 1 month ago

Tech industry job cuts come rapidly and in big numbers

Associated Press  

In just the past month there have been nearly 50,000 job cuts across the technology sector. August 2022 Snap: The parent company of social media platform Snapchat said that it was letting go of 20% of its staff. Snap’s staff has grown to more than 5,600 employees in recent years and the company said at the time that even after …

Explained | What does the recent wave of tech layoffs mean?
2 years, 2 months ago

Explained | What does the recent wave of tech layoffs mean?

The Hindu  

The story so far: The New York-headquartered International Business Machines Corp. last week became the latest to join the list of tech companies that have made large-scale layoffs since late 2022. This comes on the heels of what has been described as Big Tech’s “midlife crisis” or the clock striking “midnight” on its hyper-growth; technology giants Alphabet, Amazon, Meta, and …

Tech Major IBM Lays Off 3,900 Employees, Bets Big On Hybrid Cloud, AI
2 years, 2 months ago

Tech Major IBM Lays Off 3,900 Employees, Bets Big On Hybrid Cloud, AI

News 18  

Tech giant IBM is laying off 3,900 employees, which is a result of the spinoff of IT infrastructure services provider Kyndryl business and part of the AI unit called ‘Watson Health’. “We have taken a number of significant portfolio actions over the last couple of years, which has resulted in some stranded costs in our business,” he said during the …

IBM Layoffs: Company Cuts 3,900 Jobs, Misses Annual Cash Target
2 years, 2 months ago

IBM Layoffs: Company Cuts 3,900 Jobs, Misses Annual Cash Target

News 18  

IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter. IBM’s 2022 cash flow was $9.3 billion, below its target of $10 billion, due to higher-than-expected working capital needs. The company also forecast annual revenue growth in the mid-single digits on …

IBM cuts 3,900 jobs after muted consulting demand hits quarterly revenue
2 years, 2 months ago

IBM cuts 3,900 jobs after muted consulting demand hits quarterly revenue

The Hindu  

IBM Corp on Wednesday said it would lay off 3,900 people as part of some asset divestments and posted flat fourth-quarter revenue due to lackluster demand for its consulting services. The company also forecast annual revenue growth in the mid-single digits on constant currency terms, weaker than the 12% it reported last year, as pandemic-led demand for digitizing businesses has …

Microsoft profit drops 12% to $16.4B as revenue grows at its slowest pace in six years
2 years, 2 months ago

Microsoft profit drops 12% to $16.4B as revenue grows at its slowest pace in six years

Daily Mail  

A slew of tech companies have announced cost-cutting measures, with Amazon, Apple and Google-parent Alphabet all announcing hiring slowdowns or freezes. Twitter laid off half its workforce across teams ranging from communications and content curation to product and engineering Musk previously said there was no other choice but to impose mass layoffs as the company loses hundreds of millions of …

Tech industry job cuts come rapidly and in big numbers
2 years, 2 months ago

Tech industry job cuts come rapidly and in big numbers

Associated Press  

In just the past month there have been nearly 50,000 job cuts across the technology sector. Large and small tech companies went on a hiring spree in over the past several years due to a demand for their products, software and services surged with millions of people working remotely. August 2022 Snap: The parent company of social media platform Snapchat …

From Microsoft, Amazon, Google to Wipro, a look at major job cuts in January
2 years, 2 months ago

From Microsoft, Amazon, Google to Wipro, a look at major job cuts in January

Firstpost  

While all firms may not be on Layoffs.fyi list, here is a look at the major job cuts in IT, IT services and other sectors in January 2023 New Delhi: From Google, Amazon to Microsoft, the first three weeks of January have already witnessed layoffs of 55,970 employees across 173 companies around the world, as per data on job cuts …

Google axes 12,000 jobs as layoffs spread across tech sector
2 years, 2 months ago

Google axes 12,000 jobs as layoffs spread across tech sector

Associated Press  

LONDON — Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs. Tech companies that “not long ago were the darlings of the stock market” have been forced to freeze hiring and cut jobs in preparation for …

Job cuts in tech sector spread, Microsoft lays off 10,000
2 years, 2 months ago

Job cuts in tech sector spread, Microsoft lays off 10,000

Associated Press  

Microsoft is cutting 10,000 workers, almost 5% of its workforce, joining other tech companies that have scaled back their pandemic-era expansions. The company said in a regulatory filing Wednesday that the layoffs were a response to “macroeconomic conditions and changing customer priorities.” The Redmond, Washington-based software giant said it will also be making changes to its hardware portfolio and consolidating …

Microsoft cuts 10,000 jobs to fuel future growth: Here’s what CEO Satya Nadella has to say
2 years, 2 months ago

Microsoft cuts 10,000 jobs to fuel future growth: Here’s what CEO Satya Nadella has to say

India TV News  

Microsoft, one of the world's leading tech giants, has announced that it will cut nearly 10,000 jobs from its engineering division. In a blog post, CEO Satya Nadella stated that the company would continue to invest in strategic areas for the future, meaning they will allocate capital and talent to secular growth and long-term competitiveness for the company while divesting …

Microsoft to cut 10,000 jobs as tech layoffs intensify
2 years, 2 months ago

Microsoft to cut 10,000 jobs as tech layoffs intensify

The Hindu  

Microsoft Corp said on Wednesday it would cut 10,000 jobs by the end of the third quarter of fiscal 2023, the latest sign that layoffs were accelerating in the U.S. technology sector as companies brace for an economic downturn. The layoffs and costs related to hardware-portfolio and other changes will result in a charge of $1.2 billion in the second …

Microsoft to lay off 10,000 people, increasing job cuts in tech
2 years, 2 months ago

Microsoft to lay off 10,000 people, increasing job cuts in tech

Al Jazeera  

The layoffs, far larger than cuts by Microsoft last year, pile on to tens of thousands of job cuts across the tech sector. The layoffs, announced on Wednesday and far larger than cuts by Microsoft last year, piled on to tens of thousands of job cuts across the technology sector that is long past its ceaseless growth during the coronavirus …

Twitter, Meta, Amazon and more... Why are tech titans laying off employees?
2 years, 4 months ago

Twitter, Meta, Amazon and more... Why are tech titans laying off employees?

Firstpost  

Big names in the tech industry are letting go of employees in large numbers. As Menlo Ventures partner Matt Murphy explained to Business Insider, “It always happens in cycles like this that sometimes companies don’t do layoffs significantly enough, but rather slow down on hiring and hope that normal churn might rightsize them.” “Coming out of Q3, which was much …

Tech job cuts - including mass layoffs at Meta and Twitter - are accelerating
2 years, 4 months ago

Tech job cuts - including mass layoffs at Meta and Twitter - are accelerating

Daily Mail  

A slew of tech companies have announced cost-cutting measures, with Amazon, Apple and Google-parent Alphabet all announcing hiring slowdowns or freezes. Twitter laid off half its workforce across teams ranging from communications and content curation to product and engineering Musk previously said there was no other choice but to impose mass layoffs as the company loses hundreds of millions of …

IBM planning about 10,000 job cuts in Europe ahead of unit sale
4 years, 4 months ago

IBM planning about 10,000 job cuts in Europe ahead of unit sale

Live Mint  

International Business Machines Corp. is planning to cut about 10,000 jobs in Europe in an attempt to lower costs at its slow-growth services unit and prepare the business for a spinoff. “We also continue to make significant investments in training and skills development for IBMers to best meet the needs of our customers.” Hardest hit will be IBM’s legacy IT …

IBM to cut jobs for the first time under new CEO Arvind Krishna
4 years, 10 months ago

IBM to cut jobs for the first time under new CEO Arvind Krishna

Live Mint  

International Business Machines Corp. cut an unspecified number of jobs across the US, eliminating employees in at least five states. This will be the first time the tech giant will be executing layoffs after new CEO Arvind Krishna took over. While we always consider the current environment, IBM’s workforce decisions are in the interest of the long-term health of our …

IBM laid off as many as 1 lakh employees in last few years, alleges lawsuit
5 years, 7 months ago

IBM laid off as many as 1 lakh employees in last few years, alleges lawsuit

Live Mint  

IBM has fired as many as 100,000 employees in the last few years in an effort to boost its appeal to millennials and make it appear to be as “cool” and “trendy” as Amazon and Google, according to a deposition from a former vice president in an ongoing age discrimination lawsuit. In a deposition in one of the civil cases, …

IBM denies mass layoff of 111,800 employees
10 years, 2 months ago

IBM denies mass layoff of 111,800 employees

India TV News  

San Francisco: Calling it "ridiculous" and "baseless," IBM on Monday dismissed a report that said the technology giant plans to lay off 1 in 4 of its workers, or 100,000 people. IBM previously has announced layoffs affecting "several thousand people," only "a small fraction" of the number predicted last week by a blogger on Forbes.com, IBM said in a statement. …

IBM dismisses Forbes report of massive layoffs
10 years, 2 months ago

IBM dismisses Forbes report of massive layoffs

Firstpost  

IBM dismissed on Monday a Forbes magazine report claiming the technology firm is preparing to cut about 26 percent of its workforce, which would represent its biggest-ever layoffs. A report last Thursday on Forbes’ website by pseudonymous Silicon Valley technology gossip columnist Robert Cringely said IBM planned to break with that gradual approach and suddenly lay off 26 percent of …

IBM to cut 15,000 jobs worldwide, India operations to be majorly affected
11 years, 1 month ago

IBM to cut 15,000 jobs worldwide, India operations to be majorly affected

Firstpost  

Technology giant IBM has started a restructuring process, which would see as many as 15,000 jobs being cut globally, including India, Brazil and the European region. “The estimate of jobs cut globally is 15,000,” international coordinator at the Alliance@IBM Lee Conrad told PTI. When contacted, an IBM India spokesperson said: “As reported in our recent earnings briefing, IBM continues to …

IBM starts job cuts; most lay-offs outside US
11 years, 9 months ago

IBM starts job cuts; most lay-offs outside US

News 18  

IBM, the world's largest computer services provider, has initiated a global restructuring plan by laying-off almost 2,800 employees in North America so far and more job cuts are in offing in other nations like India. Earlier this year, International Business Machines CFO Mark Loughridge in an investor call had said the US-based firm will embark on a "workforce rebalancing", or …

HP Could Cut 25,000 Jobs Next Week
12 years, 10 months ago

HP Could Cut 25,000 Jobs Next Week

Wired  

Meg Whitman doesn't want to get rid of Hewlett-Packard's PC group, but that doesn't mean she's above making some cuts. According to a pair of anonymously sourced reports, Whitman is planning to announce some big layoffs -- perhaps between 8 and 15 percent of the workforce -- when she announces the company's quarterly financial results next Wednesday. Whitman has been …

IBM net income rises by 9 per cent in fourth quarter
15 years, 2 months ago

IBM net income rises by 9 per cent in fourth quarter

The Hindu  

Technology giant IBM has reported nine per cent growth in fourth quarter net income at $ 4.81 billion on cost cutting measures and has raised its outlook for 2010. Total revenue rose to $ 27.23 billion in the fourth quarter ended December 31, 2009, from $ 27 billion in the same quarter last fiscal. “We concluded a strong year with …

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