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Tech giant IBM on Wednesday clarified that the company is not firing 5,000 employees and the media reports regarding the same were factually incorrect.
Business Standard on Tuesday had said the the company was laying off 5,000 employees in India, joining the league of Cognizant, Infosys and Wipro in pruning staff as the IT sector faces technology shifts towards automation, and from manning legacy system to digital and cloud..
IBM also said that it was continuing to re-skill and rebalance its employee workforce.
“This is factually incorrect. We are not going to comment further on rumours and speculation. Re-skilling and
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