The wave of job cuts in the IT sector shows no signs of slowing down, with several leading companies reducing their workforce to cut costs. In the latest development, tech giant IBM (International Business Machines) is preparing to lay off approximately 9,000 employees across various locations in the United States. The company plans to reduce nearly one-fourth of its Cloud Classic workforce, affecting employees in New York, Dallas, California, North Carolina, and Raleigh.
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Reports indicate that roles in consulting, sales, cloud infrastructure offerings, and corporate social responsibility initiatives are most vulnerable to layoffs. Additionally, IBM is expected to cut 10% of its workforce in the cloud division. The company has a significant presence in India, with large offices in Pune, Bengaluru, Chennai, and Hyderabad.
Mass layoffs have become a common trend in the IT industry, with several major firms reducing their workforce in recent months. E-commerce giant Amazon recently made headlines with its decision to eliminate around 14,000 managerial positions in early 2025. The move is expected to save the company between $2.1 billion and $3.6 billion annually, which translates to over Rs 31,000 crore in Indian currency. The layoffs will result in a 13% reduction in Amazon’s management workforce.
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