Bloodbath in IBM China Today
This morning: Looks Like IBM is About to Lay Off Thousands This Week, Workers' Access Reportedly Revoked Over the Weekend
Minutes ago:
In the press this afternoon: (this is confirmed now)
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The Hindu ☛ IBM to close China R&D department, affecting over 1,000 jobs, Yicai reports
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.
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Bennett, Coleman & Company Ltd ☛ IBM Cuts Over 1,000 Jobs As It Shuts Down R&D Labs In China: Report
IBM has reportedly closed its research and development (R&D) operations in China, marking another major tech company scaling back its presence in the country due to rising geopolitical challenges. According to a report by a Chinese publication, the shutdown of IBM's China Development Lab and China Systems Lab has led to the layoffs of over 1,000 employees across cities like Beijing, Shanghai, and Dalian.
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IBM Layoffs: US Tech Giant Laying Off 1,000 Employees and Shutting Down Its R&D Division in China
IBM planning to shut down its facility in China and lay off around 1,000 people in the country amid facing slow demand for its IT hardware and growth challenges in China. The International Business Machine, also called Big Blue, is an American multinational company located in Armonk, New York. China, the world's No. 2 economy, has been one of the major markets for IBM outside its home country.
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Asia Financial ☛ IBM Closing China Research Labs, Will Lay Off Over 1,000 Staff
The move, confirmed in a statement on Monday, will cost more than 1,000 employees their jobs in cities such as Beijing, Shanghai and Dalian, a port city in the northeast.
IBM – the world’s biggest technology services company – is the latest US tech firm to curb operations on the Chinese mainland because of rising geopolitical tensions and a decline in business amid a tougher regulatory stance by both Beijing and Washington.
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SCMP ☛ IBM China said to be laying off more than 1,000 employees as it closes research labs
IBM is the latest global tech giant to cut jobs in China this year, as an intensified Sino-US rivalry threatens their mainland businesses
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India Times ☛ IBM is shutting down research labs in this country, to layoff 1000 employees - Times of India
IBM has reportedly shut down its research and development (R&D) operations in China, adding its name to a growing list of major tech companies scaling back their mainland presence due to geopolitical challenges. As per a report by a Chinese publication, IBM ceasing its China Development Lab and China Systems Lab, is resulting in layoffs of over 1,000 employees in cities like Beijing, Shanghai, and Dalian.
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Neowin ☛ IBM to lay off 1,000 workers in China as it shuts R&D divisions
International Business Machines, better known as IBM, is closing one of its research and development divisions in China. The move, according to the news outlet Yicai, will see more than 1,000 employees laid off. The affected workers are from the IBM China Development Lab and IBM China System Lab, and those affected will get compensation.
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IBM to shut down research labs in THIS country, will layoff 1000 employees: Report
As per a report by a Chinese publication, IBM ceasing its China Development Lab and China Systems Lab, is resulting in layoffs of over 1,000 employees in cities like Beijing, Shanghai, and Dalian.
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IBM to Shut China R&D Division, Impacting 1,000 Jobs
US computing giant International Business Machines intends to disband its research and development division in China, affecting more than 1,000 employees.
The move will impact the IBM China Development Lab and IBM China System Lab, the local arm of the New York-based company told Yicai today, adding that the firm will compensate all of the staff who lose their jobs.