medical imaging firm Merge, bought in 2015 for $1 billion; and healthcare management business Phytel, also purchased in 2015.
Office regions that suffered layoffs include Research Triangle Park in North Carolina, along with such office locations as Dallas, Texas; Ann Arbor, Michigan; Cleveland, Ohio; and Denver, Colorado, according to The Register and WRAL reports.
In recent years, IBM has been known to “rebalance” its workforce — cutting in legacy IT markets while ramping up for strategic growth opportunities. But from time to time, even the growth-oriented business units have suffered cuts.
More recently, IBM in April announced Q1 2018 revenue of $19.1 billion, up 5 percent from Q1 2017. Also, there are signs of hiring — including 1,800 new positions in France focused on artificial intelligence, blockchain, cloud computing and the Internet of Things.
Still, competition with Microsoft Azure, Amazon Web Services and traditional IT companies remain fierce. In an alleged quest for faster growth, recent rumors suggested IBM is seeking a CEO to succeed Ginni Rometty — but here again, the company denies the rumors.