IBM Will Terminate 10 Thousand Jobs

IBM Will Terminate 10 Thousand Jobs IBM will terminate 10 thousand jobs. Accordingly, the company will have terminated one fifth of the employees in Europe. IBM, one of the leading IT companies in the world, plans to terminate the jobs of 10 thousand people in the European region in order to reduce costs in service units and distribute profit shares to partners. According to the news in Bloomberg, large-scale losses will affect 20 percent of the workforce in the region. While it is predicted that the countries that are most affected will be England and Germany, it was stated that there will be layoffs in Poland, Slovakia, Italy and Belgium. IBM announced the layoffs in Europe at a meeting with workers' representatives in the region at the beginning of November, according to an official from the trade union. In the statement sent via e-mail, the company used the following statements: “Our workforce decisions are made to provide our customers with the best open hybrid cloud platform and AI capacity. At the same time, we will continue to make significant investments in the talent and development of IBM employees in order to provide the best service to our customers.” It has been said that the sector that will suffer the most will be IBM's information technology service, which performs day-to-day infrastructural operations such as managing customers' data centers and providing traditional technological support.   Source: Bloomberg HT