IBM to close China R&D department, affecting over 1,000 jobs

BEIJING: IBM will completely shut its China R&D operation, affecting more than 1,000 jobs, the US technology company said on Monday.

A spokesperson for IBM, currently the world’s biggest technology services company, confirmed earlier media reports in a statement to Reuters, saying “these changes will not impact our ability to support clients across the Greater China region.”

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The cuts come amid the company’s struggles with falling demand for its hardware and challenges in growth markets like China.