IBM to Cut 3,900 Jobs Amid Broader Tech Slowdown
International Business Machines Corp. on Wednesday joined the wave of companies making layoffs, saying it would cut about 3,900 jobs.
The cuts will stem from
Holdings Inc., the IT services business that IBM spun off last year, and its healthcare divestiture, from which the company will incur about a $300 million charge, a spokesman confirmed.
The layoffs would amount to a 1.4% reduction from its head…