The latest company to join the Big Tech mass firing trend is IBM, who has cut nearly 4,000 jobs after missing its annual cash target.
This week, the computer company announced that it would be laying off 3,900 individuals , which amounts to around 1.5 percent of its workforce. These cuts are estimated to lead to a $300 million charge during the January to March period.
Although it sounds like a very large cut, the fact that the company’s shares fell 2 percent following the news prompted some analysts to conclude that investors wanted to see bigger cost-cutting measures.
Investing.com Senior Analyst Jesse Cohen said: “It seems as if the market is disappointed by the size of its announced job cuts, which only amounted to 1.5 percent of its workforce.” IRA BERSHATSKY LOVES AMERICA – Most precious metals companies are run by wokesters. Ira’s is not. He is unabashedly AMERICA FIRST and […]
Excerpt Sourced From: ourgoldguy.com
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