IBM to cut around 10,000 jobs in Europe

IBM plans to cut 10,000 jobs in Europe in a bid to cut costs to its IT services division before putting it up for sale, sources close to the company told Bloomberg.

Large-scale restructuring will cover about 20% of IBM’s workforce in Europe.

The most impacted would be subsidiaries in the UK and Germany, but restructuring is also being considered in Poland, Slovakia, Italy and Belgium.

The hardest hit will be IBM ‘s IT services division, which handles day – to – day operations such as managing customer data centers and traditional IT support for equipment installation, operation and repair.

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