New Delhi: To ‘re-invent’ its operations and fulfill the changing demand of the customers, tech giants IBM (International Business Machines) fired nearly 300 employees from its services division. The US-based IT major let these employees go as it focuses on emerging technology like Artificial Intelligence and reduces exposure to traditional services.
As per the IBM spokesperson, “This is in accordance with IBM's strategy to re-invent itself to better meet the changing requirements of our business and to pioneer new high-value services.”
IBM had asked in August, as many as 200 of its senior employees to quit, making way for juniors to grow.
Another tech giant cognizant has already fired its 200 senior last week. The company asked its senior level employees to leave as they could not adjust to the ‘changing environment’ of the company by giving them three-fourth months of unemployment package.The company would bear around USD 35 million in severance payout to these employees, who include director and above level employees.