News: After Cognizant, IBM sacks 300 employees

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After Cognizant, IBM sacks 300 employees

In order to reinvent themselves and to fulfill the changing demand of the customers, IT services company; IBM has sacked around three hundred employees from its services division.
After Cognizant, IBM sacks 300 employees

In order to reinvent themselves and to fulfill the changing demand of the customers, IT services company; IBM has sacked around three hundred employees from its services division.  

Bulks of these employees were working in software services roles. They were let go as IBM focuses on emerging technology capabilities and reduces exposure to traditional services.

A business daily quoted, “This is in accordance with IBM’s strategy to re-invent itself to better meet the changing requirements of our business and to pioneer new high-value services,” an IBM spokesperson said.  The spokesperson also added that IBM remains committed to being an essential part of its (India’s) growth. 

Jobs cut are becoming often in the IT sector, A few days back Cognizant announced that as part of their realignment program, the management is evaluating various strategies, including additional employee separation programs. 

While the timing, nature, and magnitude of the layoffs were not finalized before, the latest update is that Cognizant’s job cuts will be focused on the middle levels. 

This is not the first time Teaneck, New Jersey-headquartered Company is cutting jobs. Last August, the company said it was cutting 200 senior jobs to make way for juniors to grow. In 2017, it had offered employees a voluntary separation program.

Pic Source- Internshala

Topics: Jobs, Talent Management

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