One IBM employee told The Register that IBM Cloud experienced "a massive layoff" in the past few days that affected thousands of people.
Unlike traditional layoffs, this one was done in secret," the insider said. "My manager told me that they were required to sign an NDA not to talk about the specifics.
IBM's first-quarter 2024 earnings report said that the mainframe goliath took a $400 million "workforce rebalancing" charge to cover the cost of planned layoffs.
CEO Arvind Krishna said IBM expected to replace around 7,800 jobs with AI, though no specific time frame was provided.
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