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IBM Is Latest Tech Giant to Cut Jobs in Midst of Pandemic

  • Thousands of IBM workers in North America likely affected
  • Newly unemployed staff fear finding another job in a recession
Bloomberg business news
More Than 2 Million Americans Filed for Unemployment Last Week
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International Business Machines Corp. cut an unspecified number of jobs across the U.S., eliminating employees in at least five states. The company declined to comment on the total number, but the workforce reductions appear far-reaching.

“IBM’s work in a highly competitive marketplace requires flexibility to constantly add high-value skills to our workforce. While we always consider the current environment, IBM’s workforce decisions are in the interest of the long-term health of our business,” company spokesman Ed Barbini said Thursday in a statement. “Recognizing the unique and difficult situation this business decision may create for some of our employees, IBM is offering subsidized medical coverage to all affected U.S. employees through June 2021.”