IBM China Layoffs Affect Over 1,000 Employees

IBM is closing its research and development operations in China, affecting over 1,000 employees in cities like Beijing, Shanghai, and Dalian. This decision reflects IBM's strategic shift due to declining revenues, fierce local competition, and escalating US-China geopolitical tensions. IBM plans to relocate its R&D functions to other regions, including India, where it aims to bolster its engineering and research capabilities. Despite the closure, IBM stated it will continue to support its clients in China. The move underscores a broader trend of US tech companies reassessing their presence in China amid regulatory pressures and efforts by China to achieve technological self-sufficiency.