Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
IBM cuts hundreds of British jobs amid near-25% profits hit
Paisley Daily Express
|July 23, 2025
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 £172.9 million to £130.4m in 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.
This story is from the July 23, 2025 edition of Paisley Daily Express.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Paisley Daily Express
Paisley Daily Express
Max says Norris will feel pressure
FORMULA ONE Max Verstappen has told Lando Norris that if he was driving his McLaren the world championship would \"easily\" be over.
1 mins
November 29, 2025
Paisley Daily Express
Chiefs could face 'stark choices' over care cuts
Vulnerable residents in East Renfrewshire could face significant cuts to their care, as health chiefs warn of stark choices ahead due to a \"perfect storm\".
2 mins
November 29, 2025
Paisley Daily Express
THIS MAN DISCOVERED JESUS
Tomorrow is the first Sunday in Advent as we start our happy journey towards Christmas.
3 mins
November 29, 2025
Paisley Daily Express
Rapist will serve four years for sex attack on woman
CONNOR GORDON A murderer who raped a woman in a laundry room has had his prison term extended by four years.
1 mins
November 29, 2025
Paisley Daily Express
England are facing a pink-ball ‘lottery’
ENGLAND'S hopes of levelling the Ashes scoreline are at the mercy of a pink-ball “lottery”, according to Stuart Broad.
2 mins
November 29, 2025
Paisley Daily Express
Accord Lottery jackpot
The lucky winner of the £500 accord jackpot prize in this week's Accord Lottery is ticket number 38169 from Paisley.
1 min
November 29, 2025
Paisley Daily Express
France will intercept small boats in Channel
FRANCE has agreed tactics to intercept small boats in the Channel, according to reports.
1 mins
November 29, 2025
Paisley Daily Express
Renfrewshire highly rated area to live in
People in Renfrewshire highly rate the area as a place to live, according to new research.
1 mins
November 29, 2025
Paisley Daily Express
Shamal: Lack of goals is one of Saints' problems
Shamal George has pointed to the lack of goals being one of St Mirren's main issues.
1 mins
November 29, 2025
Paisley Daily Express
Prostate cancer test verdict blow
MEN with a known genetic risk should be screened for prostate cancer every two years, but population-wide testing is not recommended because of the “harms” of overdiagnosis and overtreatment, a committee advising the Government has said.
2 mins
November 29, 2025
Listen
Translate
Change font size