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

Channel News Asia LogoChannel News Asia2w ago

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.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-26 @ 05:12:00 (2 weeks ago)

News Timezone: GMT +8:00

Ranking: #1709 (out of 10645 stories this day)

News Source URL: channelnewsasia.com

Language: English

Article Length: 477 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 4793940

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 35 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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  • URL: https://beamstart.com/news/ibm-cuts-3900-jobs-after-16746864784091

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