IBM layoffs will impact 10,000 employees across Europe, Bloomberg Radio reported this morning. The IBM job cuts, expected to be completed by mid-2021, will involve staff across the United Kingdom, Germany, Italy and additional countries.
The staff reductions surface as IBM prepares to spin off its managed infrastructure business, while doubling down on CEO Arvind Krishna's hybrid cloud and recurring revenue software services. The company believes hybrid cloud represents a $1 trillion market opportunity that spans:
- an addressable $300 billion market in cloud transformational services (including AI)
- an addressable $450 billion market in cloud software and platforms
- $230 billion in cloud infrastructure
ChannelE2E has not independently confirmed the IBM layoffs.
Related: Track all technology industry layoff news here.
IBM Hybrid Cloud Acquisitions Target SAP, APM, RPA and CSPM Opportunities
Despite the apparent job cuts, IBM continues to make acquisitions in growth markets. Recent purchases include:
- Instana for multi-cloud application performance monitoring;
- TruQua for SAP finance, analytics and S/4 HANA ERP expertise;
- WDG for robotic process automation (RPA) software;
- Spanugo for cloud security posture management (CSPM); and
- Red Hat for hybrid cloud software and related services opportunitiess
