IBM to revoke ops from China amid tussle between Washington-Beijing: Report

Tech giant IBM is making preparations for minimizing business operations in China.

The current shift in IBM’s business structure is reportedly due to the rising tensions between China and the US along with an ongoing decline in the Chinese economy, CNN reported quoting several local news sources.

According to report, IBM is cutting 1,000 jobs in China. Similar activities of revocation of business or relocation of operations have been witnessed by several tech companies in China. Due to deteriorating relations between both countries because of technologies like artificial intelligence (AI) and green technology, mostly due to security concerns.