IBM is shutting down research labs in this country, to layoff 1000 employees

IBM has reportedly shut down its research and development (R&D) operations in China, adding its name to a growing list of major tech companies scaling back their mainland presence due to geopolitical challenges. As per a report by a Chinese publication, IBM ceasing its China Development Lab and China Systems Lab, is resulting in layoffs of over 1,000 employees in cities like Beijing, Shanghai, and Dalian.