Ibm Having Layoffs 2024 Today. Sap says it expects to see savings of up to €350m annually from 2024 from the job cuts and other. The company reportedly took a $400 million “workforce rebalancing” charge to cover the cost of planned layoffs in the first quarter of 2024.

Ibm, a tech giant that has been at the forefront of ai innovations, has announced layoffs in its marketing and communication department. Ibm’s quarterly revenue of $16.7 billion was higher than the wall street estimate of $16.4 billion — and a 6 percent increase in constant currency — but was flat when adjusted for.