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IT

IBM to lay off 10,000 in Europe ahead of unit sale - report

Thursday 26 November 2020 | 09:13 CET | News
IBM is planning to make redundant about 10,000 positions in Europe in a bid to lower costs at its slow-growth services unit and prepare the business for a spinoff, according to Bloomberg citing people familiar with the matter. The wide-ranging losses will affect about 20 percent of staff in the region. The UK and Germany will be most impacted, but a number of employees in Poland, Slovakia, Italy and Belgium will also be let go.

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Categories: IT
Companies: IBM
Countries: Europe
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