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Layoffs rock the IT services industry amid move to the cloud

June 3, 2020


The impact of the continued move from on-premises IT services to the cloud, accelerated by the COVID-19 quarantine, is finally being felt by the IT services industry as multiple major players are rocked by layoffs.

IBM was hit with cuts in five states. While the exact number was not revealed, Bloomberg estimates the cuts are in the thousands, with North America the hardest hit global region and IBM Global Services the hardest hit business unit. Estimates from ex-IBM employees on (one of the most depressing sites I have ever seen) puts the reduction at anywhere from 5,000 to 20,000, although that could be looking through the prism of some very bitter ex-employees.

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