The decision was revealed by the company on Monday and is likely part of IBM’s broader strategy to realign its operations amid falling hardware demand and difficulties in expanding within growth markets like Chin
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The decision followed an earlier cut of 5 per cent of workforce or more than 4,000 jobs earlier this year
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The networking giant, which already cut 4,000 jobs in February, is expected to announce the new layoffs as early as Wednesday in conjunction with its fourth-quarter earnings report
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Some reports suggest that Dell will lay off 12,500 employees
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Toshiba, once a titan in the Japanese corporate landscape, underwent a USD 13 billion takeover led by a consortium spearheaded by private equity firm Japan Industrial Partners (JIP)
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CEO Chris Hyams disclosed this decision in a company memo, attributing it to a significant downturn in job postings and a cooling labour market
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The restructuring is not a company-wide initiative but is described as normal reorganisations that periodically occur within businesses
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