IBM continues layoffs that could top 14,000 job cuts
Software giant IBM is initiating another round of job cuts the company announced in April, according to multiple media reports.
The number of positions cut could top 14,000, Stanford Bernstein analyst Toni Sacconaghi told The Wall Street Journal.
The cuts come as the company recorded its 16th consecutive quarterly loss. Big Blue has struggled with its core software business in the face of increasing cloud computing, analysts said.
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