Under CEO Arvind Krishna, IBM to cut thousands of jobs in the fourth quarter — who will be affected?

After Amazon, Microsoft, and other major tech firms, IBM has announced plans to cut thousands of jobs as it looks to invest in faster-growing areas like artificial intelligence consulting and software, Reuters reported. The tech giant did not reveal exactly how many roles will be affected but said in a statement that the layoffs will impact “a low single-digit percentage” of its global workforce. IBM employed about 270,000 people worldwide at the end of last year.