IBM will lay off 30% of employees 2016-03-08 09:26:48

One of the largest IT corporations will start massive lay-offs. In total 111 thousand employees will be fired during the year. The reason for such measures was the optimization of work, as IBM no longer needs much of human labor, which will undoubtedly reduce the company's costs. IBM now will pay more attention to the departments of cloud technology and artificial intelligence, which is why the company has opened 25 thousand vacancies for programmers and developers.

The new policy has had a positive impact on IBM shares, which have risen by 1.25% and still continue to increase. Traders will have a great chance to earn money on a further growth. Trading will be available during the American session, from 14:40 to 21:00 GMT time.

The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.