Key Takeaways

IBM stated earlier this week that it will conduct layoffs in the current quarter.

The cuts will impact “a low single-digit percentage” of IBM’s 270,000-person global workforce.

IBM is making cuts as it focuses on high-growth areas such as AI consulting and software.

IBM disclosed on Tuesday that it will eliminate a small percentage of its workforce in the current fourth quarter. The action will affect “a low single-digit percentage” of IBM’s global workforce, the company told Bloomberg .

According to The Register , IBM began notifying several thousand global employees this week about layoffs, issuing notifications that give staff 30 days to secure another position within the company or face termination with a few months of severance pay. The Register reports that mos

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