Analysis Commodities News Spotlights

IBM to close China R&D department, affecting over 1,000 jobs

  • August 26, 2024
  • 2 minute read
  • 3,250 Views
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IBM (IBM) will completely shutter its China R&D, with resulting layoffs affecting over 1,000 jobs, Chinese media outlet Yicai reported on Monday, citing a statement from the company.. The decision comes amid the company’s struggles with falling demand for its hardware and challenges in growth markets like China.

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