IBM Announces First Job Cuts Under New Chief Executive

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IBM Announces First Job Cuts Under New Chief Executive
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IBM is cutting an unspecified number of jobs, the first major workforce reduction under new CEO Arvind Krishna

International Business Machines Corp. is cutting an unspecified number of jobs in the first major workforce reduction under new Chief Executive Arvind Krishna, who is trying to revive growth at the tech company.

Armonk, N.Y.-based IBM said the cuts are aimed at making it more agile, but they come against the backdrop of a major economic slowdown triggered by a coronavirus pandemic that has caused many of its customers to dial back investments and hold off on big software deals.

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