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Technology Group IBM Will Cut 10,000 Jobs in Europe

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Technology group IBM will cut about 10,000 jobs in Europe. For example, costs need to be reduced in the slow-growing IT services business.

 

It is then prepared to continue independently, Bloomberg news agency reports based on insiders.

The intervention would affect about 20 percent of all workforce in Europe. Most jobs will be lost in Germany and the United Kingdom. Jobs are also being cut in Poland, Slovakia and Italy.

IBM has a total of 350,000 employees and offices in more than 70 countries, including the Netherlands.

Last month, IBM presented figures that were better than analysts were counting on. IBM’s cloud business grew significantly, while its services and hardware divisions shrank.

The company plans to focus mainly on cloud services, and the other parts will be put on their own feet.

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