Coronavirus effect: IBM cuts jobs in US as new CEO eyes revival

Business Today | May 23, 2020 at 7:58 AM
  • American multinational technology company IBM has laid off an undisclosed number of workers across the US.
  • IBM reported a 3.4 percent decline in revenue for the January-March quarter on a year-on-year basis, citing decline in sales due to the COVID-19 pandemic.
  • The firm’s focus was to strengthen its cloud computing business under Rometty, but it struggled to compete with top cloud rivals Amazon, Microsoft, and Google.