Technology giant IBM has confirmed reports that it is cutting jobs. This is the first major workforce restructuring under the company’s new chief executive officer Arvind Krishna. Though Big Blue has not shared any details of the layoffs, the job cuts are likely to impact some jobs in India as well. The layoffs are said to have started in April. Here’s all that the company has revealed and not about these job cuts …
IBM confirms job cuts: Here’s what is known, what’s not clear and more
“IBM’s work in a highly competitive marketplace requires flexibility to constantly remix to high-value skills, and our workforce decisions are made in the long-term interests of our business,” said the company said in a statement.
IBM has so far not disclosed details related to location where job cuts may happen
Mid-level executives including project managers and above may be impacted
Job cuts are likely to impact mid-level executives including project managers and above. Many include those who have spent over a decade in the company.
IBM has also not revealed the departments that are likely to be affected
There’s no official word on the number of employees likely to be affected
Though there is no official number on the number of employees that may be affected by these job cuts, Bloomberg is reporting the number to be in the thousands.
IBM had around 352,600 employees as of the end of December 2019, according to a regulatory filing.
Employees can re-skill and rejoin
The company reportedly told ZDNet website that employees will have the opportunity to rejoin in positions where roles are available. Employees can re-skill and compete for these positions, the spokesperson told the website as per the report.