IBM CEO Arvind Krishna shares the one thing he thinks will impact earnings in future years. Read more: thestreet.com
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Key FactsIBM Announces Thousands of Layoffs by Year-End
Nov 5, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: newsweek.com
Summary created with AI assistance · Source: newsweek.com
- IBM announced Tuesday that it would carry out an action in the fourth quarter expected to affect thousands of employees before year-end.
- Based on the article’s stated 270,000 global employees at the end of 2025, a 1 percent cut would equal 2,700 jobs, while the exact percentage was not specified.
- A company spokesperson said some U.S.-based roles could be affected, while U.S. employment was expected to remain flat year over year.
- Alex Beene said the initial announcement did not establish whether artificial intelligence was the cause of the cuts.
The current environment is filled with uncertainty, and many companies may feel like this is the perfect opportunity to get rid of what some believe to be pandemic bloat.— Kevin Thompson, CEO of 9i Capital Group and host of the 9innings podcast, told Newsweek.
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