IBM, Tech Giant, to Lay Off Nearly 4,000 Employees

Written by Valdemar Medeiros

Published on 28/01/2023 at 23:09

Foto: Faixada IBM/Divulgação

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IBM, American Technology Company, Announced That It Will Lay Off Thousands Of Professionals This Year. The Mass Layoff Will Result In An Expense Of R$ 1.5 Billion.

The IBM, a company that works in the production and commercialization of hardware and softwares, including artificial intelligence systems, announced last Wednesday (25) that it will lay off 3,900 employees from its workforce. The cuts are motivated by a result that was already expected in the financial statement for the last year and also by the decision to dispose of some assets in the market.

Mass Layoffs Will Cost IBM R$ 1.5 Billion In Expenses

YouTube video — *IBM And SAP Lay Off Thousands Of Employees | CNN VISION*

According to information from James Kavanaugh, the company’s Chief Financial Officer, despite the many layoffs, IBM is committed to hiring in areas focused on improving customer relations.

The company tech giant estimates that the layoffs will result, from January to March 2023, in an expense of US$ 300 million, equivalent to R$ 1.5 billion in direct conversion.

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IBM Joins Other Companies In The Sector

IBM is a technology company that provides artificial intelligence and computing solutions, offering integrated products that use technology and data from information in industry and business processes. Its sectors include software, infrastructure, consulting, and financing.

It is important to remember that IBM is not the only company laying off staff. The big techs claim to have been impacted by a slowdown in spending, while concerns about a possible recession and the economy persist, leading to a wave of layoffs.

Last week, Alphabet, Google’s Parent Company announced plans to lay off about 12,000 employees worldwide. The decision came after other market giants announced job cuts, such as Meta, Microsoft, and Amazon.

John Deere Lays Off 85 Employees In Brazil

Agricultural machinery manufacturer John Deere, which produces sugar cane harvesters and sprayers, announced the layoff of 85 workers. In a statement, the company said that contracts with these professionals were terminated as there was a predetermined timeframe for such, and that the process is being carried out as transparently as possible.

The Metalworkers Union of Catalão (Simecat) reported that, at the beginning of last year, the company informed its plans to lay off approximately 200 of its employees due to a reduction of approximately 30% in the volumes of sprayers produced from 2022 to this year.

According to the company, the drop was from 2,550 to around 1,700. As a result, about 850 units stopped being manufactured, which created the need to reduce personnel. Since then, several meetings have been held between the company and SIMECAT, with the entity suggesting measures to avoid mass layoffs.

IBM, Tech Giant, to Lay Off Nearly 4,000 Employees

IBM, American Technology Company, Announced That It Will Lay Off Thousands Of Professionals This Year. The Mass Layoff Will Result In An Expense Of R$ 1.5 Billion.

Mass Layoffs Will Cost IBM R$ 1.5 Billion In Expenses

IBM Joins Other Companies In The Sector

John Deere Lays Off 85 Employees In Brazil

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IBM, Tech Giant, to Lay Off Nearly 4,000 Employees

IBM, American Technology Company, Announced That It Will Lay Off Thousands Of Professionals This Year. The Mass Layoff Will Result In An Expense Of R$ 1.5 Billion.

Mass Layoffs Will Cost IBM R$ 1.5 Billion In Expenses

IBM Joins Other Companies In The Sector

John Deere Lays Off 85 Employees In Brazil

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Engineers had to pour concrete mixed with tons of ice throughout entire nights in the Dubai desert to erect the Burj Khalifa; any carelessness could clog the pipes half a mile high.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Japan and Mercosur may reach an agreement to lower the cost of cars and auto parts, with manufacturers like Toyota, Honda, and Nissan coming into focus.

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Brazilians create cashierless mini-market in the USA, use AI to define products and prices, raise R$ 10 million, and achieve financial balance in the first month before planning nine more units in Miami by the end of 2026.

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At the bottom of the South Pole ice, the IceCube observatory drilled more than a kilometer and a half of ice to hunt ghost particles and test whether gravity obeys the rules of quantum physics.

Samara left the city, built a small power plant on her property, and now lives surrounded by waterfalls, her own energy, sustainable recycling, and preserved nature in the Serra da Mantiqueira.

While Saudi Arabia and Qatar are already closing a 300-kilometer-per-hour bullet train to connect the capitals in two years, Brazil is still at the stage of auctioning the first freight railway that should actually come to fruition.

Turkey hit a target using a real warhead and confirmed that its SOM-J cruise missile is ready, another step for the country to become a power that manufactures and exports its own military technology.