IBM announced Tuesday it would be laying off thousands of employees before the end of the year.

The job losses will amount to a “low single-digit percentage” of the global workforce. For a 1 percent cut, that would mean the loss of 2,700 jobs.

Why It Matters

Many companies have implemented layoffs as a way to boost profits and increase efficiency as they head into new financial quarters.

Meta, for instance, announced it plans to cut roughly 600 roles from its AI team as business priorities shift.

What To Know

While IBM had 270,000 global workers at the end of 2025, a single-digit percentage layoff would mean thousands of employees would no longer have jobs at the end of the year.

“In the fourth quarter, we are executing an action that will impact a low single-digit percentage

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