IBM's Bold Move in Turbulent Times
IBM to Slash Thousands of Jobs and Shifts Focus to AI and Quantum Computing
In a surprising move, IBM is gearing up to lay off thousands of employees, significantly impacting its Cloud Classic division, while pushing forward with a strategic shift towards quantum computing and AI. Amidst these changes, IBM's CEO sees a noteworthy salary bump, drawing debate over corporate priorities, as the company deals with a downturn in stock performance.
Introduction
Details of the Layoffs
Reasons Behind the Job Cuts
Impact on IBM Divisions
Role of Executive Compensation
Public Reaction
Comparisons with Industry Trends
Economic and Social Implications
Potential Future Scenarios for IBM
Conclusion
Sources
- 1.here(freepressjournal.in)
Related News
Jun 8, 2026
GitLab Cuts 14% of Staff in AI Pivot Despite Record 264 Million Revenue
GitLab is cutting 350 jobs and exiting 22 countries in a sweeping AI restructuring, even as the company reports $264 million in quarterly revenue with 23% growth. The move signals that even profitable dev-tool companies are reallocating resources toward AI-native features as agentic workloads reshape the developer landscape.
Jun 5, 2026
Google Cloud Quietly Lays Off Cybersecurity Teams as AI Investment Takes Priority
Google has laid off employees across its Cloud division's cybersecurity units, including the Threat Intelligence Group and Mandiant teams, as it redirects resources to AI. The cuts are part of a broader industry trend of security teams being shrunk while AI spending surges.
May 27, 2026
Meta Cuts 8,000 Jobs as Zuckerberg Bets 145 Billion on AI
Meta laid off 8,000 workers — 10% of its workforce — last week as CEO Mark Zuckerberg redirects up to $145 billion toward AI infrastructure. The cuts hit software engineers hardest in the Bay Area and Seattle, and 6,000 open roles were scrapped. More layoffs are expected in August and fall 2026.