IBM Layoffs
March 2024
IBM announced a layoff affecting 0 employees in March 2024. The company operates in the Hardware sector.
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Mar 12, 2024
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IBM has announced layoffs within its marketing and communications division, continuing a trend of workforce adjustments as the company shifts focus toward artificial intelligence. While the exact number of affected employees was not disclosed, IBM indicated the cuts represent a "very low single digit percentage" of its global workforce, which numbers in the hundreds of thousands. This move, announced in a brief meeting led by Chief Communications Officer Jonathan Adashek, is part of an ongoing "workforce rebalancing" strategy. IBM has been actively upskilling employees and integrating AI, having previously announced plans to replace thousands of roles with automation. The layoffs occur amid a broader wave of job cuts in the tech industry, even as IBM reports modest revenue growth and expands its AI offerings like WatsonX.
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