IBM cuts 3,900 jobs, misses annual cash target
2 minute readJanuary 25, 20236:08 PM CSTLast Updated 5 days ago
3–4 minutes
Jan 25 (Reuters) - IBM Corp (IBM.N) on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer around beating revenue expectations in the fourth quarter.
Chief Financial Officer James Kavanaugh told Reuters that the company was still "committed to hiring for client-facing research and development".
The layoffs - related to the spinoff of its Kyndryl (KD.N) business and a part of AI unit Watson Health - will cause a $300 million charge in the January-March period, IBM said.
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Shares of the company fell 2% in extended trading, erasing earlier gains on the largely upbeat results. Analysts said news of the job cuts and free cash flow miss was behind the drop.
"It seems as if the market is disappointed by the size of its announced job cuts, which only amounted to 1.5% of its workforce," said Jesse Cohen, senior analyst at Investing.com.
"Investors were hoping for deeper cost-cutting measures."
IBM cuts 3,900 jobs, misses annual cash target
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Re: IBM cuts 3,900 jobs, misses annual cash target
砍掉3900,预估的砍人费用是3亿。
郁孤台下清江水,中间多少行人泪。刘郎已恨蓬山远,更隔蓬山一万重。
Re: IBM cuts 3,900 jobs, misses annual cash target
不是这样的。通常一个公司报给政府或stock holder (所谓的投资人) 的财务报告, workforce reduction 所需的费用,虽然它包括遣散费,但大部分是用在公司人员减少之后的组织 restructuring 所需的费用。虽然你在公司裡看不到这种花费,但每个公司都是这么报销的。
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Re: IBM cuts 3,900 jobs, misses annual cash target
这个以前不知道,谢谢。foxrun123 写了: 2023年 1月 31日 11:02 不是这样的。通常一个公司报给政府或stock holder (所谓的投资人) 的财务报告, workforce reduction 所需的费用,虽然它包括遣散费,但大部分是用在公司人员减少之后的组织 restructuring 所需的费用。虽然你在公司裡看不到这种花费,但每个公司都是这么报销的。
郁孤台下清江水,中间多少行人泪。刘郎已恨蓬山远,更隔蓬山一万重。