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

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The story "IBM cuts 3,900 jobs after muted consulting demand hits quarterly revenue" was covered 2 weeks ago by Channel News Asia, a news publisher based in Singapore.

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IBM cuts 3,900 jobs after muted consulting demand hits quarterly revenue - Channel News Asia

Quick Summary:

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.

It also divested its healthcare data and analytics business from its AI business Watson Health.

IBM in October flagged softness in new bookings in Western Europe while peer Accenture Plc also noted weakness in its consulting business.