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IBM set to slash jobs in marketing, communications unit: CNBC

Investing.com -- IBM is reportedly cutting jobs in its marketing and communications services as the round of layoffs in the tech industry seen so far this year continue, CNBC reported Tuesday, citing an unnamed source.

International Business Machines (NYSE:IBM) was up more than 3% following the news.

Jonathan Adashek, IBM’s chief communications officer, announced the decision in a meeting with marketing and communications staffers, the source told CNBC.

The tech giant detailed plans in December to replace nearing 8,000 jobs with artificial intelligence.  

IBM didn't immediately respond to CNBC's request for comment.

 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.