Published - August 26, 2024 05:33 pm IST - BEIJING
This follows a statement from IBM on the matter. File | Photo Credit: Reuters
IBM will completely shutter its China R&D, resulting in layoffs affecting over 1,000 jobs, Chinese media outlet Yicai reported on Monday (August 26, 2024), citing a statement from the company.
IBM, the world's biggest technology services company, did not immediately respond to a request for comment.
The decision comes amid the company's struggles with falling demand for its hardware and challenges in growth markets like China.
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
