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.