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Story summary
- International Business Machines Corporation (IBM) will lay off about 2,700 employees, a low single-digit share of its global workforce.
- The company plans to shift resources toward higher-growth areas in artificial intelligence and software.
- IBM expects U.S. employment to remain flat year over year despite the cuts.
- The move mirrors cuts at Amazon and Meta as tech firms seek efficiency.
- Experts predict continued layoffs as companies reassess operations amid evolving technologies.
