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Actionable news in IBM: INTERNATIONAL BUSINESS MACHINES CORPORATION,

Should IBM Workers Brace for Layoffs?

Mistakes by management at International Business Machines Corp. (NYSE: IBM) have done enough damage to its P&L, that among the solutions could be cuts in expenses. As is the case at many companies, that often means job cuts.

Some of IBM’s divisions have done particularly badly. Revenue from continuing operations across the company fell 14%, compared to the same quarter a year ago, to $20.8 billion, and net income dropped 17% to $3.5 billion.

IBM almost certainly will continue to invest in its cloud operations and Watson, its artificial intelligence play. They are, according to management, the future of the...


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