IBM to cut about 3,900 workers

In its forecast, IBM said free cashflow in fiscal 2023 is expected to be US$10.5bil (RM44.7bil) while revenue will increase in the mid-single digits. — Reuters

NEW YORK: International Business Machines Corp (IBM) delivered an upbeat annual sales forecast while announcing it would eliminate about 1.5% of its global workforce, following similar job cuts the past few months by many of its technology peers.

The reductions will amount to a “ballpark” figure of 3,900, chief financial officer James Kavanaugh said in an interview.