IBM is implementing a new approach to streamline its workforce, asking employees who wish to leave voluntarily to come forward amid preparations for additional job cuts.
This move, termed the Resource Action, primarily targets Europe, with Slovakia bearing the brunt. While the company aims for $3 billion in annual savings, it emphasizes the initiative is not solely cost-driven but transformative.
IBM plans to reinvest savings into technical and industry skills. With no specific figures disclosed, the focus remains on aligning the workforce with evolving client demands, particularly in AI and hybrid cloud domains, as confirmed by an IBM spokesperson.