IBM on Tuesday announced layoffs affecting a low single-digit percentage of its global workforce, potentially impacting thousands. Sources told businessline that India is likely to be among the regions impacted. The country accounts for an estimated 30–35 per cent of IBM’s global workforce of over 270,000, making it one of the company’s largest employee bases.

Sources said India will also be affected by the layoffs, though the impact is expected to be smaller than in markets like the US, given its lower-cost base. A few hundred people are likely to be impacted by this workforce restructuring in India.

Global Slowdown

“We routinely review our workforce... and at times rebalance accordingly,” the company said in a statement. “In the fourth quarter, we are executing an action that will i

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