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IBM cuts hundreds of British jobs amid near-25% profits hit
July 23, 2025
|The Journal
IBM's UK division has reportedly cut nearly 400 jobs in 2024, as the company's profit took a hit of almost 25%.
The American tech titan's UK workforce shrank from 7,309 to 6,920 over the course of a year, according to recent filings with Companies House.
This reduction follows an average employment figure of 7,660 recorded in 2022.
The reports also highlight a drop in IBM's pretax profit from £172.9m to £130.4m during the same period.
This decline comes on the heels of a profit surge exceeding £100m in 2023, driven by increased demand for the firm's AI and hybrid cloud services.
هذه القصة من طبعة July 23, 2025 من The Journal.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The Journal
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