EMCC European Monitoring Centre on Change



Geographic Location

Country: World
Location of affected unit(s): Global


Sector: Information / communication
IT and other information services
62.0 - Computer programming, consultancy and related activities
Number Employed: 280000

Employment Effects

Announcement Date: 25-01-2023
Planned Job Reductions min: 3900
Type of Restructuring: Internal restructuring
Employment Effect Start: 25-01-2023
Foreseen End Date: 31-03-2023
Direct Dismissals: 3900

Additional Information

IBM, the US-based global technology and consultancy company, has announced that it will reduce it's global workforce by 3900 employees. The job cuts will impact the company's spinoff Kyndryl business, which is part of the AI specific unit, Watson Health. IBM has reported the layoffs will cost the company €300 million for the Jan-March period. IBM has hit revenue targets, however the cuts are due to asset divestment and missed annual cash targets. There is no information on where the job cuts will occur or how the restructuring process will take place. 

In 2022 business expansion have been recorded for IBM in the ERM Events database: 150 employees in Portugal (IBM-2022-PT), 100 employees in Croatia (IBM-2022a-HR) and 200 employees in Ireland (IBM-2022b-IE).