IBM Confirms Layoffs Impacting Up to 5,000 Workers as It Shifts Focus to AI

IBM is cutting thousands of jobs as it pivots toward AI and software. The tech giant’s restructuring highlights a major shift in Big Tech’s new priorities.

IBM is slimming down again. This time, thousands of jobs are at stake as the 114-year-old tech giant continues to pivot toward faster-growing software and AI-driven services.

The layoffs will impact a “low single-digit percentage” of IBM’s global workforce of about 270,000 employees, the company confirmed. This figure suggests the number of jobs being cut could be anywhere from approximately 2,700 to over 5,000.

“We routinely review our workforce through this lens and at times rebalance accordingly. In the fourth quarter, we are executing an action that will impact a low single-digit percentage of our global workforce,” an IBM spokesperson told Bloomberg.

While some US-based employees will be affected, the company ...