IBM plans to cut about 3,900 jobs, Bloomberg reports

IBM plans to cut about 3,900 jobs, or about 1.5% of its global workforce, following similar cuts by many of its peers, Bloomberg’s Brody Ford reports. CFO James Kavanaugh says the cuts will focus on workers remaining after spinning off the Kyndryl and Watson Health units and will cost the company about $300M. At the same time, Kavanaugh says IBM still expects to hire in "higher growth areas." Reference Link